Must-See Earnings Estimates for: Nordstrom Stock Forecast, Price & News (NYSE:JWN)

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

Nordstrom, Inc. is estimated to report earnings on 08/26/2020. The upcoming earnings date is derived from an algorithm based on a company’s historical reporting dates. Our vendor, Zacks Investment Research, might revise this date in the future, once the company announces the actual earnings date. According to Zacks Investment Research, based on 10 analysts’ forecasts, the consensus EPS forecast for the quarter is $-1.47. The reported EPS for the same quarter last year was $0.9.

Nordstrom last posted its earnings data on August 25th, 2020. The specialty retailer reported ($1.62) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.50) by $0.12. The business had revenue of $1.78 billion for the quarter, compared to analyst estimates of $2.40 billion. Its revenue was down 54.1% on a year-over-year basis. 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 26th, 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 $28.87, predicting that the stock has a possible upside of 85.76%. 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 $28.87, Nordstrom has a forecasted upside of 85.8% from its current price of $15.54. Nordstrom has only been the subject of 4 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 ($2.38) to $1.90 per share. The P/E ratio of Nordstrom is -39.85, 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 -39.85, 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 2.46. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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