Singapore markets closed

  • Straits Times Index

    3,217.41
    +10.42 (+0.32%)
     

  • Nikkei

    31,857.62
    -14.90 (-0.05%)
     

  • Hang Seng

    17,809.66
    +436.63 (+2.51%)
     

  • FTSE 100

    7,608.08
    +6.23 (+0.08%)
     

  • Bitcoin USD

    27,044.99
    +134.34 (+0.50%)
     

  • CMC Crypto 200

    579.66
    +0.90 (+0.15%)
     

  • S&P 500

    4,288.05
    -11.65 (-0.27%)
     

  • Dow

    33,507.50
    -158.84 (-0.47%)
     

  • Nasdaq

    13,219.32
    +18.05 (+0.14%)
     

  • Gold

    1,864.60
    -14.00 (-0.75%)
     

  • Crude Oil

    90.77
    -0.94 (-1.02%)
     

  • 10-Yr Bond

    4.5730
    -0.0240 (-0.52%)
     

  • FTSE Bursa Malaysia

    1,424.17
    -15.94 (-1.11%)
     

  • Jakarta Composite Index

    6,939.89
    +2.06 (+0.03%)
     

  • PSE Index

    6,321.24
    -64.28 (-1.01%)
     

Nordstrom (JWN) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

Zacks Equity Research
·2-min read

Nordstrom (JWN) reported $3.18 billion in revenue for the quarter ended April 2023, representing a year-over-year decline of 10.9%. EPS of $0.07 for the same period compares to -$0.06 a year ago.

The reported revenue represents a surprise of +2.17% over the Zacks Consensus Estimate of $3.11 billion. With the consensus EPS estimate being -$0.12, the EPS surprise was +158.33%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Nordstrom performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Number of stores - Total (EOP): 347 compared to the 353.33 average estimate based on three analysts.

  • Number of stores - Nordstrom Rack (US & Canada): 243 versus the two-analyst average estimate of 245.

  • Number of stores - Nordstrom: 101 compared to the 94 average estimate based on two analysts.

  • Credit card revenues: $117 million compared to the $96.68 million average estimate based on seven analysts. The reported number represents a change of +14.7% year over year.

  • Net Sales: $3.06 billion versus the seven-analyst average estimate of $3.02 billion. The reported number represents a year-over-year change of -11.6%.

  • Total net sales- Nordstrom Rack: $1.04 billion versus the two-analyst average estimate of $1.04 billion.

  • Total net sales- Nordstrom: $2.03 billion versus $2.01 billion estimated by two analysts on average.

View all Key Company Metrics for Nordstrom here>>>

Shares of Nordstrom have returned +9.5% over the past month versus the Zacks S&P 500 composite's +1.1% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Nordstrom, Inc. (JWN) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research