Nordstrom, Inc. (NYSE:JWN) is reporting third quarter earnings results on Tuesday 24th November 2020, after market close.
The consensus estimates from Thomson Reuters are loss of $ 0.06 per share.
For the full year, analysts predict revenues of $ 11065.70 million, while looking forward to loss of $ 4.33 per share.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 15,359.00 million ~ $ 15,510.00 million, where as bottomline are predicted in a range of $ 3.25 ~ $ 3.50 per share
Click Here For More Historical Outlooks Of Nordstrom, Inc.
Previous Quarter Performance
Nordstrom, Inc. unwinded loss for the second quarter of $ 1.62 per share, from the revenue of $ 1,778.00 million. The quarterly revenues declined 54.08 percent compared with the same quarter last year. Wall street analysts are predicting, JWN to report 2Q20 loss of $ 1.48 per share from revenue of $ 2380.45 million. The bottom line results missed street analysts by $ 0.14 or 9.46 percent, at the same time, top line results fell short of analysts by $ 602.45 million or 25.31 percent.
Stock Performance
Shares of Nordstrom, Inc. traded up $ 2.15 or 10.10 percent on Monday, reaching $ 23.44 with volume of 15.27 million shares. Nordstrom, Inc. has traded high as $ 23.98 and has cracked $ 22.00 on the downward trend
According to the previous trading day, closing price of $ 23.44, representing a 81.66 % increase from the 52 week low of $ 11.72 and a 50.91 % decrease over the 52 week high of $ 43.37.
The company has a market capital of $ 3.68 billion and is part of the Consumer Cyclical sector and Department Stores industry.
Conference Call
Nordstrom, Inc. will be hosting a conference call at 4:45 PM eastern time on 24th November 2020, to discuss its 3Q20 financial results with the investment community. The participants may dial, (201) 689-8354 U.S. in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website shop.nordstrom.com
Nordstrom, Inc., a fashion retailer, provides apparel, shoes, cosmetics, and accessories for women, men, young adults, and children. It offers a range of brand name and private label merchandise through various channels, such as Nordstrom branded full-line stores and online store at Nordstrom.com; Nordstrom Rack stores; Nordstromrack.com and HauteLook; Jeffrey boutiques; clearance stores that operate under the Last Chance name; Trunk Club clubhouses and TrunkClub.com; and Nordstrom Locals. As of June 10, 2019, the company operated 380 stores in 40 states, including 119 full-line stores in the United States, Canada, and Puerto Rico; 247 Nordstrom Rack stores; 3 Jeffrey boutiques; 2 clearance stores; 6 Trunk Club clubhouses; and 3 Nordstrom Local service concepts.
