Nordstrom, Macy’s and More Major Retailers Reporting Earnings This Week
24/7 Wall St. has taken a look at some of the key retailers expected to report their quarterly results this coming week.
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[cnxvideo id=”655384″ placement=”ros”]Over the past two weeks the broad markets have pushed close to their all-time highs on the back of this earnings season. However, one industry in particular has been holding back this rally. Retail stocks have lagged the market in 2017 thus far. We are reaching the point in the earnings season when most retail companies will report, and this has the potential to right some of the losses this year.
24/7 Wall St. has reviewed some of the key retailers reporting this coming week. We have included the consensus earnings estimates from Thomson Reuters and the stock price and trading history, as well as some additional color on each.
Also see our separate preview of Disney, Whole Foods and other upcoming and highly anticipated earnings reports.
Be advised that the earnings and revenue estimates may change ahead of the formal reports, and some companies change earnings dates as well.
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On Thursday, look for Kohl’s Corp. (NYSE: KSS) to report its fiscal first-quarter results. The analysts’ consensus estimates are EPS of $0.29 and $3.92 billion in revenue. Shares were changing hands at $40.12 on Friday’s close. The consensus price target is $42.57, and the stock has a 52-week trading range of $33.87 to $59.67.
Macy’s Inc. (NYSE: M) will share its latest quarterly earnings on Thursday as well. The consensus estimates call for $0.35 in EPS on $5.47 billion in revenue. Shares ended the week at $28.97, in a 52-week trading range of $27.72 to $45.41. The consensus price target is $34.21.
Look for Nordstrom Inc. (NYSE: JWN) to report its fiscal first-quarter results on Thursday. The consensus analyst estimates are $0.26 in EPS and revenue of $3.35 billion. Shares of Nordstrom closed at $49.01 on Friday, above the consensus price target of $47.00. The 52-week range is $35.01 to $62.82.
And J.C. Penney Co. Inc. (NYSE: JCP) is set to share its latest quarterly earnings on Friday. The consensus estimates call for a net loss of $0.20 per share and $2.78 billion in revenue. Shares closed trading at $5.49, in a 52-week range of $5.32 to $11.30. The stock has a consensus analyst target of $8.62.
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Chris Lange is a financial and geopolitical writer with more than a decade of experience covering a myriad of topics. He has published thousands of articles for 24/7 Wall St., with past coverage focused heavily on stocks, IPOs, healthcare, defense, global affairs, and technology.
His work has been quoted, or referenced by a number of outlets including Business Insider, USA Today, Yahoo Finance, MSN, The Motley Fool, and many other publications. A graduate of Southwestern University, he studied business with a focus on investments and has previous experience in banking and startups.
When not reading or writing the news, he is following his passion for Lacrosse, playing chess, or building solar projects with his dad.
