Will stock surge before Earnings results? Nordstrom Stock Forecast, Price & News (NYSE:JWN)

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Earnings results for Nordstrom Stock Forecast, Price & News (NYSE:JWN)

Estimate Momentum measures change in analyst sentiment over time and may be an indicator of future price movements. The Change in Consensus chart shows the current, 1 week ago, and 1 month ago consensus earnings per share (EPS*) forecasts. For the fiscal quarter endingJul 2020 , the consensus EPS* forecast has remained the same over the past week at -1.43 and remained the same over the past month at -1.43. Of the 4 analysts making quarterly forecasts, 2raised and 2 lowered their forecast. For the fiscal year ending Jan 2021 , the consensus EPS* forecast has decreased over the past week from -2.18 to -2.32(-1.43) and remained the same over the past month at -2.18 . Of the 4 analysts making yearly forecasts, 1raised and 3 lowered their forecast.

Nordstrom last posted its earnings results on May 28th, 2020. The specialty retailer reported ($2.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.07) by $1.16. The company earned $2.03 billion during the quarter, compared to the consensus estimate of $2.27 billion. Its revenue was down 39.5% compared to the same quarter last year. Nordstrom has generated $3.37 earnings per share over the last year. Nordstrom has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Wednesday, August 19th, 2020 based off prior year’s report dates.

Analyst Opinion on Nordstrom Stock Forecast, Price & News (NYSE:JWN)

17 Wall Street analysts have issued ratings and price targets for Nordstrom in the last 12 months. Their average twelve-month price target is $30.07, predicting that the stock has a possible upside of 94.61%. The high price target for JWN is $48.00 and the low price target for JWN is $13.00. There are currently 4 sell ratings, 11 hold ratings and 2 buy ratings for the stock, resulting in a consensus rating of “Hold.”

Nordstrom has received a consensus rating of Hold. The company’s average rating score is 1.88, and is based on 2 buy ratings, 11 hold ratings, and 4 sell ratings. According to analysts’ consensus price target of $30.07, Nordstrom has a forecasted upside of 94.6% from its current price of $15.45. Nordstrom has only been the subject of 3 research reports in the past 90 days.

Dividend Strength: Nordstrom Stock Forecast, Price & News (NYSE:JWN)

Nordstrom does not currently pay a dividend. Nordstrom does not have a long track record of dividend growth.

Insiders buying/selling: Nordstrom Stock Forecast, Price & News (NYSE:JWN)

In the past three months, Nordstrom insiders have not sold or bought any company stock. Only 5.52% of the stock of Nordstrom is held by insiders. 69.70% of the stock of Nordstrom is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Nordstrom Stock Forecast, Price & News (NYSE:JWN

Earnings for Nordstrom are expected to grow in the coming year, from ($2.22) to $1.90 per share. The P/E ratio of Nordstrom is -39.62, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Nordstrom is -39.62, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Nordstrom has a P/B Ratio of 2.45. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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