Nordstrom Inc. (JWN – Free Report) just released its fourth quarter fiscal 2017 financial results, posting earnings of $1.20 per share and revenues of $4.6 billion. The stock is down about 3% to $49 per share shortly after the report was released.
Currently, JWN is a #2 (Buy) on the Zacks Rank, and our consensus estimate trend has increased for the next few periods.
Nordstrom:
Missed earnings estimates. The department store giant reported earnings of $1.20 per share, lagging behind the Zacks Consensus Estimate of $1.24 per share.
Missed revenue estimates. The company saw sales of $4.6 billion, falling just short of our consensus estimate of $4.62 billion but growing 8.4% year-over-year.
Total comparable sales grew 2.6% for the fourth quarter. At its Nordstrom Rack Brand, net sales increased 15% and comps increased 3.7%.
Looking ahead to fiscal 2018, Nordstrom expects net sales in the range of $15.2 billion and $15.4 billion, with comparable sales between 0.5% and 1.5%. EPS is estimated in the range of $3.30 and $3.55 per share.
Here’s a graph that looks at Nordstrom’s price, consensus, and EPS surprise:
Nordstrom, Inc. Price, Consensus and EPS Surprise
Nordstrom, Inc. Price, Consensus and EPS Surprise | Nordstrom, Inc. Quote
Nordstrom, Inc. is one of the nation’s leading fashion specialty retailers, with stores located in a number of states, including full-line stores, Nordstrom Racks, Faconnable boutiques, and free-standing shoe stores. Nordstrom also operates Faconnable boutiques throughout Europe. Additionally, Nordstrom serves customers through its online presence and through its direct mail catalogs.
