4 Major Retailers Posting Earnings This Week
24/7 Wall St. has put together a preview of some of the major retailers due to report their latest quarterly results in the coming week. We are just exiting the third-quarter earnings season as we move into November, but this is prime time for major retailers to share their earnings as they normally report about one month after the regular earnings season. We have included the consensus earnings estimates from Thomson Reuters and the stock price and trading history, as well as added some additional color on each.
Be advised that the earnings and revenue estimates may change ahead of the formal reports, and some companies may change reporting dates as well. And for more earnings previews see the top 10 earnings this week.
Macy’s Inc. (NYSE: M) will share its most recent quarterly results on Thursday. The consensus estimates call for earnings per share (EPS) of $0.41 and $5.65 billion in revenue. Shares were changing hands at $36.85 at the close on Friday, in a 52-week trading range of $29.94 to $50.45. The stock has a consensus analyst price target of $41.90.
Kohl’s Corp. (NYSE: KSS) is scheduled to reveal its fiscal third-quarter results on Thursday. The consensus estimates call for $0.70 in EPS, as well as $4.33 billion in revenue. Shares ended last week at $42.82. The consensus price target is $46.82, and the 52-week range is $33.87 to $52.06.
Nordstrom Inc. (NYSE: JWN) also is expected to report its fiscal third-quarter results on Thursday. The analysts’ consensus estimates call for EPS of $0.51 and $3.48 billion in revenue. Shares were trading at $50.39 on Friday’s close. The consensus price target is $49.38, and the 52-week range is $35.01 to $66.99.
J.C. Penney Co. Inc.‘s (NYSE: JCP) fiscal third-quarter report is expected on Friday. The consensus analyst estimates are a net loss of $0.20 per share on revenue of $2.96 billion. Shares closed at $8.20 on Friday. The consensus price target is $11.88. The 52-week range is $6.00 to $11.99.