What's Going On With Nordstrom Stock Ahead Of Q2 Earnings?
Portfolio Pulse from Henry Khederian
Nordstrom Inc (NYSE:JWN) shares are down 2.49% ahead of its Q2 earnings report, expected to show EPS of 71 cents on $3.896 billion revenue. Despite a Q1 sales beat, profitability was below expectations. Nordstrom pays a 3.96% dividend and has a 52-week high of $24.03.
August 27, 2024 | 2:58 pm
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Nordstrom's stock is down 2.49% as investors await Q2 earnings, with expectations of 71 cents EPS on $3.896 billion revenue. Previous quarter sales exceeded expectations, but profitability was below. The stock offers a 3.96% dividend yield.
The stock is trading lower as investors anticipate the Q2 earnings report. The previous quarter showed strong sales but weak profitability, which may cause concern. The dividend yield provides some support, but the immediate focus is on earnings performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100