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Nordstrom (JWN) To Report Earnings Tomorrow: Here Is What To Expect

JWN Cover Image

Luxury department store chain Nordstrom (NYSE: JWN) will be reporting results tomorrow after market hours. Here’s what to look for.

Nordstrom beat analysts’ revenue expectations by 3.3% last quarter, reporting revenues of $3.46 billion, up 4.3% year on year. It was a very strong quarter for the company, with an impressive beat of analysts’ EPS estimates and a solid beat of analysts’ gross margin estimates.

Is Nordstrom a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Nordstrom’s revenue to decline 3.1% year on year to $4.28 billion, a reversal from the 2.3% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.93 per share.

Nordstrom Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Nordstrom has missed Wall Street’s revenue estimates four times over the last two years.

Looking at Nordstrom’s peers in the general merchandise retail segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Dillard’s revenues decreased 5% year on year, beating analysts’ expectations by 1%, and TJX reported flat revenue, topping estimates by 1%. Dillard's traded down 4.3% following the results while TJX’s stock price was unchanged.

Read our full analysis of Dillard’s results here and TJX’s results here.

Inflation has progressed towards the Fed’s 2% goal as of late, leading to strong stock market performance. Recent rate cuts and the 2024 Presidential election's conclusion added further sparks to the market, and while some of the general merchandise retail stocks have shown solid performance, the group has generally underperformed, with share prices down 7.3% on average over the last month. Nordstrom’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $24.08 (compared to the current share price of $24.37).

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