Macy's, Nordstrom and More Retail Earnings Coming This Week
Over the past week the Dow hit an all-time high on the back of this earnings season, and the S&P 500 was within a few points of its record. 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 big 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, Snap 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.
Office Depot Inc. (NYSE: ODP) is expected to post its latest quarterly results early Wednesday. The consensus estimates call for earnings per share (EPS) of $0.46 on $5.52 billion in revenue. Shares closed Friday at $5.94 apiece. The stock has a 52-week trading range of $3.01 to $6.15, as well as a consensus price target of just $5.23.
On Thursday, look for Kohl’s Corp. (NYSE: KSS) to report its fiscal second-quarter results. The analysts’ consensus estimates are EPS of $0.29 and revenue of $3.92 billion. Shares were changing hands at $41.89 on Friday’s close. The consensus price target is $40.55, and the stock has a 52-week range of $35.16 to $59.67.
Macy’s Inc. (NYSE: M) will share its most recent quarterly earnings on Thursday. The consensus estimates call for $0.46 in EPS on $5.52 billion in revenue. Shares ended the week at $23.30, in a 52-week range of $20.85 to $45.41. The consensus price target is $25.83.
Look for Nordstrom Inc. (NYSE: JWN) to reveal its fiscal second-quarter results on Thursday as well. The consensus analyst estimates are $0.63 in EPS and revenue of $3.74 billion. Shares of Nordstrom closed at $46.81 on Friday, above the consensus price target of $46.00. The 52-week range is $39.53 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 $0.05 per share and $2.83 billion in revenue. Shares were last seen at $5.44, in a 52-week range of $4.17 to $11.30. The stock has a consensus analyst target of $6.77.