Nordstrom Inc reports results for the quarter ended October 31 - Earnings Summary

Nordstrom

26/11/2024 22:02

* Nordstrom Inc  JWN.N  reported quarterly adjusted earnings
of 33
cents​​ per share for the quarter ended October 31, higher than
the same quarter last year, when the company reported EPS of 25
cents.  The mean expectation of sixteen analysts for the quarter
was for earnings of 21 cents per share. Wall Street expected
results to range from 11 cents to 35 cents per share.
    * Revenue rose 0.8% to $3.35 billion from a year ago;
analysts
expected $3.35 billion. 
    * Nordstrom Inc's reported EPS for the quarter was 27
cents​.
    * The company reported quarterly net income of $46 million.
    * Nordstrom Inc shares had risen by 10.7% this quarter and
gained 35.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 10.6%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 13
"hold" and 4 "sell" or "strong sell." 
    * The average consensus recommendation for the department
stores
peer group is also "hold"

Wall Street's median 12-month price target for Nordstrom Inc is
$22.00 
This summary was machine generated from LSEG data November 26 at
10:02 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Oct. 31 2024      0.21           0.33           Beat
 Jul. 31 2024      0.71           0.96           Beat
 Apr. 30 2024      -0.08          -0.24          Missed
 Jan. 31 2024      0.88           0.96           Beat