Nordstrom Beats Q2 Earnings and Revenue Estimates
Nordstrom (NYSE: JWN) came out with quarterly earnings of $0.96 per share, beating the Zacks Consensus Estimate of $0.74 per share. This compares to earnings of $0.84 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 29.73%. A quarter ago, it was expected that this department store operator would post a loss of $0.08 per share when it actually produced a loss of $0.24, delivering a surprise of -200%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Nordstrom, which belongs to the Zacks Retail – Apparel and Shoes industry, posted revenues of $3.89 billion for the quarter ended July 2024, surpassing the Zacks Consensus Estimate by 1.15%. This compares to year-ago revenues of $3.77 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock’s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management’s commentary on the earnings call.
Nordstrom shares have added …
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