|Bid||0.00 x 1800|
|Ask||0.00 x 1800|
|Day's Range||45.25 - 46.36|
|52 Week Range||37.79 - 54.00|
|PE Ratio (TTM)||17.70|
|Forward Dividend & Yield||1.48 (2.98%)|
|1y Target Est||N/A|
It was a big week for retail, and while retail sales were good, it was a mixed bag for earnings. Yahoo Finance's Jennifer Rogers and Myles Udland have a retail round up.
Yahoo Finance's Seana Smith on the stocks making headlines in intraday trading.
Nordstrom (JWN) generated revenue of $3.6 billion in the fiscal first quarter of 2018, which ended on May 5. Nordstrom’s revenue consists of its retail net sales and credit card revenue. In the fiscal first quarter, the company’s retail net sales grew 5.8% to $3.5 billion.
It has been a busy week for retailers, with industry giants from Macy’s Inc (NYSE:M) to Nordstrom, Inc. (NYSE:JWN) all reporting their first-quarter earnings results. With that said, there are clearly still gains to be had from retail stocks even as worries about Amazon (AMZN) and other online sellers mount. Investors just need to look in the right places and search for stocks that are expected to top quarterly earnings estimates.
Nordstrom’s (JWN) adjusted EPS (earnings per share) of $0.51 for the fiscal first quarter of 2018 handily surpassed the consensus analyst estimate of $0.43. Nordstrom’s adjusted EPS grew 18.6% on a year-over-year basis in the fiscal first quarter. Aside from higher revenue, Nordstrom’s adjusted EPS growth in the fiscal first quarter was also driven by lower taxes.
With the exception of small caps, major U.S. stock indices took a breather this past week. That actually bodes well for the bull case, in my opinion. With that in mind, let’s get a look at our top stock trades for this week.Top Stock Trades for Monday #1: PayPal (PYPL)
Nordstrom (JWN) stock fell 10.9% on May 18 in reaction to the company’s lower-than-expected comps or same-store sales growth for the fiscal first quarter of 2018. Nordstrom announced its first-quarter results after the close of financial markets on May 17. Nordstrom exceeded analysts’ revenue and earnings expectations for the fiscal first quarter, but a slowdown in same-store sales growth bothered investors.
Nordstrom Inc., known for its high-end department stores, reported first-quarter earnings that showed strength online but weak same-store sales across both full-line and off-price channels. “In off-price, sales were slightly below our plan reflecting outsized digital growth offset by Nordstrom Rack stores’ performance,” said Nordstrom’s (JWN) Chief Financial Officer Anne Bramman on the earnings call, according to a FactSet transcript. Nordstrom is also opening a full-line department store in New York in 2019 after opening a men’s store in the city this past quarter.
As wages and transportation costs climb, retailers must be more efficient to keep costs down, say analysts.
Same-store sales jumped 3.9% on an owned basis vs. expectations of up 0.7% and the company reported first-quarter adjusted earnings of 42 cents a share, beating analysts' consensus of 37 cents, and 26 cents from the same period last year. , Walmart reported stronger-than-expected earnings for the three months ending in April, which came in at $1.14 per share, 2 cents ahead of the consensus forecast.
Nordstrom's first quarter sales results disappointed Wall Street analysts, sending the stock down nearly 11 percent Friday.
Retailers issued a barrage of quarterly reports this week that for the most part reinforced the sell-side's prior ratings. Here are some of the analyst's reactions. JCPenney's 'Disappointing' Quarter ...
In the age of Amazon.com (AMZN), retailers need to give consumers reasons not to just shop at the e-commerce giant, and given that competing on price is often a losing game, many are opting to highlight their customer service and the shopping experience, instead.
It has been a busy week for retailers, with industry giants from Macy's (M) to Nordstrom (JWN) all reporting their first quarter earnings results. But Q1 hasn't treated all of these companies the same, so let's take a look at a few more big-name retailers that investors might want to consider buying ahead of earnings next week.
As the U.K. is dolling up for the royal wedding tomorrow, we may well regale in stocks of luxury goods that are being well-liked by investors. Understandably, after a robust 2017 and a splendid first quarter, U.S. luxury goods’ stocks seem poised for a great year thanks to optimism surrounding steady economic growth, lower tax rates, strong wage growth and a robust earnings season. Strong revenues registered by a number of luxury brands along with an increasing number of millennials spending more on luxury goods bode well too. This willingness to spend more can be traced back to high U.S. consumer confidence and consumer spending.
The market has been tough on companies that didn’t quite meet expectations this earnings season, and Friday provided further examples. Deere & Company (NYSE: DE) on Friday became the latest big name to run into that particular buzz saw, missing Wall Street analysts’ average projection for earnings per share with a tally of $3.14 and seeing its shares fall in pre-market futures trading before jumping higher once the market actually opened. This could point to the impact of rising energy prices on big industrial firms, and is something to keep in mind when the next earnings season rolls around in July.
The market has been tough on companies that didn’t quite meet expectations this earnings season, and Friday provided further examples. Deere on Friday became the latest big name to run into that particular buzz saw, missing Wall Street analysts’ average projection for earnings per share with a tally of $3.14 and seeing its shares fall in pre-market futures trading before jumping higher once the market actually opened. In a way, however, Deere was a victim of high expectations, because its earnings were up a lot year-over-year but down vs. the Street’s consensus.
Binging on luxury goods stocks looks like a smart option now, given a recovering economy, lower tax rates and business-friendly policies, high consumer confidence, and robust consumer spending.
U.S. stock markets ended lower on Thursday after President Donald Trump expressed doubts about the possibility of successful trade negotiations with China