Earnings Preview: Nordstrom
Portfolio Pulse from Benzinga Insights
Nordstrom (NYSE:JWN) is scheduled to release its quarterly earnings report on March 5, 2024, with an estimated EPS of $0.86. Analysts and investors will be closely watching for not only an earnings beat but also positive guidance for the next quarter. Historically, Nordstrom's share price has shown sensitivity to both earnings outcomes and forward-looking statements. Last quarter, Nordstrom exceeded EPS estimates but saw a 4.63% decline in share price the following day. Over the past year, JWN shares have increased by 6.43%, indicating a generally positive outlook from long-term shareholders.
March 04, 2024 | 7:00 pm
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NEUTRAL IMPACT
Nordstrom is anticipated to report an EPS of $0.86 for the upcoming quarter. Historical performance shows mixed reactions to earnings reports, with the stock price fluctuating based on both actual earnings and forward guidance. With a positive year-over-year share price increase, investor sentiment appears optimistic.
Given Nordstrom's history of mixed stock price reactions to earnings reports and guidance, the short-term impact is uncertain. The expected EPS of $0.86 sets a benchmark for performance, but investor focus on forward guidance could sway the stock price in either direction. The positive long-term share performance suggests underlying investor confidence, which may buffer negative reactions to any potential earnings miss.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100