Analysts Revise Expectations for Nordstrom Ahead of Earnings
Analysts Adjust Price Targets for Nordstrom, Inc.
Nordstrom, Inc. (NYSE: JWN) is gearing up to unveil its fourth-quarter financial performance, sparking curiosity among investors and market analysts alike.
Projected Earnings and Revenue Insights
Experts anticipate that Nordstrom's quarterly earnings will hit around 93 cents per share, a slight decrease from 96 cents per share in the same quarter last year. The retail giant's estimated revenue for this period stands at approximately $4.33 billion, which is down from $4.42 billion reported a year earlier.
Dividend Announcement
In its recent update, Nordstrom disclosed that its board of directors has greenlit a quarterly dividend of 19 cents per share. This decision reflects the company's ongoing commitment to return value to shareholders, even in challenging economic conditions.
Current Stock Performance
As of recently, Nordstrom's stock settled at $24.24, representing a marginal decline of 0.2%. Stock performance like this often draws attention from seasoned investors, prompting questions about the best course of action moving forward.
Recent Analyst Ratings
Market analysts have been diligently revising their estimates for Nordstrom, with several notable changes arising in the recent weeks:
- On January 13, 2025, Evercore ISI Group's Michael Binetti maintained an In-Line rating, while adjusting the price target from $22 to $24, showcasing a prediction rooted in market stability. This analyst has achieved an impressive accuracy rate of 63%.
- UBS's Jay Sole recently shifted his rating from Sell to Neutral and raised the price target significantly from $14.5 to $24, indicating a more optimistic view toward the company’s market potential, with a respectable accuracy rate of 70%.
- B of A Securities analyst Lorraine Hutchinson continues to maintain an Underperform rating, now raising the price target from $20 to $22, lending caution to investors with a 67% accuracy rate.
- Citigroup's Paul Lejuez has also taken a Neutral stance while increasing the price target from $22 to $23, demonstrating confidence in the stock's stability, with a 65% accuracy rating.
- JP Morgan analyst Matthew Boss held an Underweight rating but increased the price target from $19 to $20, suggesting a skeptical outlook, supported by a 67% accuracy rate.
Investor Thoughts on JWN Stock
With such varied perspectives from analysts, potential investors may ponder: Is this the right time to buy Nordstrom shares? The adjustments to price targets indicate a nuanced sentiment surrounding the stock, revealing both opportunities and caution regarding market conditions.
Frequently Asked Questions
When will Nordstrom announce its Q4 earnings?
Nordstrom is set to release its fourth-quarter financial results shortly after the market closes.
What are the earnings per share projections for Nordstrom?
Analysts expect Nordstrom to report earnings of approximately 93 cents per share for the fourth quarter.
How has the stock reacted recently?
The stock has recently closed at $24.24, showing a slight decline of 0.2%.
What is the dividend declared by Nordstrom?
The board of directors has approved a quarterly dividend of 19 cents per share.
Which analysts have revised Nordstrom's price targets?
Major analysts including Evercore ISI, UBS, B of A Securities, Citigroup, and JP Morgan have all adjusted their price targets for Nordstrom.
About The Author
Contact Henry Turner privately here. Or send an email with ATTN: Henry Turner as the subject to contact@investorshangout.com.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.