Nordstrom Sees FY25 Adj. EPS $1.75-$2.05 vs $1.92 Est.
Portfolio Pulse from Benzinga Newsdesk
Nordstrom has released its fiscal year 2024 adjusted earnings per share (EPS) guidance, projecting a range of $1.75 to $2.05. This is compared to the analyst estimate of $1.92.
August 27, 2024 | 8:07 pm
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NEGATIVE IMPACT
Nordstrom's FY24 adjusted EPS guidance of $1.75-$2.05 is slightly below the analyst estimate of $1.92, which may lead to a cautious market reaction.
Nordstrom's guidance range is slightly below the analyst estimate, which could lead to a negative short-term impact on the stock price as investors may perceive this as a sign of potential underperformance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100