Nordstrom (NYSE: JWN ) is expected to report Q3 earnings on Nov. 8. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Nordstrom's revenues will grow 13.9% and EPS will increase 22.0%.
The average estimate for revenue is $2.72 billion. On the bottom line, the average EPS estimate is $0.72.
Last quarter, Nordstrom booked revenue of $2.92 billion. GAAP reported sales were 7.1% higher than the prior-year quarter's $2.81 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $0.75. GAAP EPS of $0.75 for Q2 were 6.3% lower than the prior-year quarter's $0.80 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 35.3%, 120 basis points worse than the prior-year quarter. Operating margin was 9.4%, 190 basis points worse than the prior-year quarter. Net margin was 5.2%, 100 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $11.76 billion. The average EPS estimate is $3.49.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 508 members out of 651 rating the stock outperform, and 143 members rating it underperform. Among 193 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 169 give Nordstrom a green thumbs-up, and 24 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Nordstrom is outperform, with an average price target of $57.13.
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