Nordstrom Inc. Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Nordstrom, Inc. (NYSE:JWN) will unveil its latest earnings on Thursday, November 10, 2011. Nordstrom is a fashion retailer offering designer, luxury and quality apparel, shoes, cosmetics and accessories.

Nordstrom, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 58 cents per share, a rise of 9.4% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 55 cents. Between one and three months ago, the average estimate moved up. It has risen from 56 cents during the last month. Analysts are projecting profit to rise by 13.5% versus last year to $3.12.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 7 cents, reporting net income of 80 cents per share against a mean estimate of profit of 73 cents per share.

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.

Wall St. Revenue Expectations: On average, analysts predict $2.37 billion in revenue this quarter, a rise of 13.4% from the year ago quarter. Analysts are forecasting total revenue of $10.45 billion for the year, a rise of 12.2% from last year’s revenue of $9.31 billion.

Analyst Ratings: Analysts are bullish on this stock with 13 analysts rating it as a buy, one rating it as a sell and five rating it as a hold. Over the past 90 days, the average rating for the stock has moved up from hold to moderate buy.

A Look Back: In the second quarter, profit rose 19.9% to $175 million (80 cents a share) from $146 million (66 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 11.7% to $2.81 billion from $2.52 billion.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 11.2%, with the biggest boost coming in the most recent quarter when revenue rose 11.7% from the year earlier quarter.

The company has seen net income rise in three straight quarters. Net income rose 25% in the first quarter and 34.9% in the fourth quarter of the last fiscal year.

Competitors to Watch: Macy’s, Inc. (NYSE:M), Saks Incorporated (NYSE:SKS), Stage Stores, Inc. (NYSE:SSI), Dillard’s, Inc. (NYSE:DDS), J.C. Penney Company, Inc. (NYSE:JCP), Stein Mart, Inc. (NASDAQ:SMRT), Kohl’s Corporation (NYSE:KSS), Syms Corp. (NASDAQ:SYMS), The Buckle, Inc. (NYSE:BKE), and Citi Trends, Inc. (NASDAQ:CTRN).

Stock Price Performance: During August 11, 2011 to November 4, 2011, the stock price had risen $8.27 (19.6%) from $42.12 to $50.39. The stock price saw one of its best stretches over the last year between February 2, 2011 and February 11, 2011 when shares rose for eight-straight days, rising 15.1% (+$5.97) over that span. It saw one of its worst periods between May 31, 2011 and June 8, 2011 when shares fell for seven-straight days, falling 9.9% (-$4.61) over that span. Shares are up $8.66 (+20.8%) year to date.

(Source: Xignite Financials)

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.