Nordstrom (JWN) Reports Earnings Tomorrow: What to Expect

Luxury department store chain Nordstrom (NYSE:JWN) will report earnings tomorrow afternoon. Here’s what you need to know.

Nordstrom met analysts’ revenue expectations last quarter, reporting revenue of $4.42 billion, up 2.3% year over year. It was a slower quarter for the company, with disappointing full-year earnings forecasts and no analyst earnings estimates.

Are Nordstrom Sales Affecting Profits? Read our full analysis here, it’s free.

Analysts expect Nordstrom’s revenue to remain flat year-over-year at $3.20 billion this quarter, an improvement from the 10.9% decline reported in the same quarter last year. Adjusted loss is expected to be -$0.07 per share.

Most analysts covering the company have reaffirmed their estimates over the last 30 days, suggesting they expect the company to remain on track towards earnings. Nordstrom has missed Wall Street revenue estimates twice in the last two years.

Looking at Nordstrom’s competitors in the general merchandise retail segment, some have already released first-quarter results, which gives us a hint of what to expect. Dillard’s revenue declined 2.5% year-over-year, beating analyst expectations by 1.5%, and Macy’s saw revenue decline 3.3%, beating estimates of 3.9%. Following the results, Dillard’s shares fell 3.8%, while Macy’s rose 5.2%.

Read our full analysis of Dillard’s results here and Macy’s results here.

There is positive sentiment among general merchandise retail investors, with share prices up an average of 9.3% over the past month. Meanwhile, Nordstrom is up 13.3% and heading to earnings, with an average analyst price target of $19.3 (versus the current share price of $21.53).

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