Nordstrom Inc. (JWN – Analyst Report) released their fourth quarter fiscal 2015 earnings results, posting earnings of $1.17 per share (excludes $0.17 from nonrecurring items) and revenue of $4.2 billion.
Currently, JWN has a Zacks Rank #4 (Sell), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.
Nordstrom:
1. Missed earnings estimates. The company posted $1.17 per share, missing our Zacks Consensus Estimate of $1.22. This number reflects a -11.4% change on a year-over-year basis.
2. Missed revenue estimates. The company saw revenue figures of $4.2 billion, just slightly missing our estimate of $4.224 billion.
3. Reported net earnings of $180 million after interest and taxes were taken out.
4. Made adjustments to its operating plan, including a reduction in expenses and capital investments, in response to its current sales trends. For full fiscal 2016, net sales are forecasted to increase 3.5%-5.5%. And for the first half of fiscal 2016, the Company expects earnings per diluted shares to decrease approx. 30% relative to the same period last year.
5. JWN was down $3.22, or 6.11%, to $49.50 as of 4:27 PM ET in after hours trading shortly after its earnings report was released.
Here’s a graph that looks at Nordstrom’s quarterly net income and profit margin:
Nordstrom Inc. (JWN – Analyst Report) Quarterly Net Income & Profit Margin | FindTheCompany
Nordstrom, Inc. is one of the nation’s leading fashion specialty retailers, with stores located in a number of states, including full-line stores, Nordstrom Racks, Trunk Club clubhouses, and Hautelook.com. The company also serves customers through its online presence and through its direct mail catalogs. Nordstrom was founded in 1901 and is headquartered in Seattle, Washington.
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