Market Overview

Nordstrom To Report Earnings After The Bell

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Nordstrom, Inc. (NYSE: JWN) is set to report its Q3 results after the close. Investors should expect Nordstrom to release earnings at approximately 4:05 p.m. ET, based on earnings from the past three quarters.

Ahead of the report, Nordstrom is trading up about 8 percent today on the heels of strong earnings this morning from Macy's Inc (NYSE: M) and Kohl's Corporation (NYSE: KSS). Over the past month, analysts have been split on the stock.

Related Link: Retail Stocks Blast Off After Macy's And Kohl's Beat Earnings; All Eyes Now On Nordstrom

While some firms are standing on the sidelines, others like Piper Jaffray, KeyBanc and Deutsche Bank see upside further upside in shares, with Buy ratings amid strong results from the retail sector.

The analyst consensus an EPS of $0.56, with revenue of $3.68B. The average price target among analysts over the past month is $43.57.

 

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