Nordstrom to Report Q1 Earnings Results: Fundamental and Technical Analysis
May 25, 2023
🌥️ Nordstrom, the popular high-end department store, is set to report its earnings results for the first quarter of 2023 on May 31st at 4:45 PM EST. Investors and market watchers are eagerly waiting to see how Nordstrom has fared during this period, as the retail industry continues to recover from the impact of the COVID-19 pandemic.
Fundamental Analysis
| ReportDate | NetIncome | TotalRevenue | DilutedEPS | unit | |
|---|---|---|---|---|---|
| Q4 | 2023-01-31 | 119.0 | 4319.0 | 0.74 | million USD |
| Q3 | 2022-10-31 | -20.0 | 3546.0 | -0.13 | million USD |
| Q2 | 2022-07-31 | 126.0 | 4095.0 | 0.77 | million USD |
| Q1 | 2022-04-30 | 20.0 | 3569.0 | 0.13 | million USD |
| Q4 | 2022-01-31 | 200.0 | 4486.0 | 1.23 | million USD |
From a fundamental standpoint, the past financial performance of Nordstrom shows a mixed picture. In Q4 2022, they reported a strong net income of 119.0 million USD and total revenue of 4,319.0 million USD. However, the previous quarter saw a net loss of 20.0 million USD, with total revenue of 3,546.0 million USD.
Looking at the year-over-year performance, Q1 2022 showed a positive net income of 20.0 million USD and total revenue of 3,569.0 million USD. Furthermore, the company managed to post a net income of 126.0 million USD with total revenue of 4,095.0 million USD in Q2 2022, demonstrating Nordstrom‘s resilience.
Despite ups and downs in financial performance in recent quarters, Nordstrom has a strong position in the market due to its extensive online presence and focus on customer experience. Their e-commerce platform is growing rapidly, accounting for around 54% of their sales in Q4 2022.
Technical Analysis
| since | low | high | change | change% | |
|---|---|---|---|---|---|
| 1D | 2023-05-23 | 15.7 | 16.4 | -0.2 | -1.3 |
| 5D | 2023-05-17 | 14.6 | 16.4 | 0.3 | 1.8 |
| 1M | 2023-04-24 | 14.0 | 16.4 | -0.5 | -2.9 |
| 3M | 2023-02-21 | 14.0 | 21.4 | -4.2 | -21.1 |
Taking a closer look at Nordstrom‘s stock price performance over the past three months provides interesting insight into the company’s ups and downs in recent times. Nordstrom‘s stock price hit its 3-month high in February when it was valued at 21.4 USD but has since taken a sharp downturn with a decline of -21.1%.
Over the past 5 days, Nordstrom‘s stock price has seen a modest increase of 1.8%, but the last day recorded a decrease of -1.3%. These fluctuations may indicate market uncertainty about Nordstrom‘s future prospects.
Historical Guidance
Historical guidance can provide helpful context and insight into Nordstrom‘s upcoming earnings report. In their Q4 2022 earnings call, the company reported strong sales growth in their full-price stores during the holiday season. Additionally, online sales experienced robust growth of 30% in the same period. The company’s focus on digital transformation enabled them to navigate the challenges unique to the pandemic period.
Nordstrom management also highlighted their commitment to generating profitable growth by focusing on improving their operational efficiency and engaging with customers more meaningfully. Investors will keep such initiatives in mind as they examine upcoming financial reports.
Analysts Estimates
Financial analysts are pondering what to expect from Nordstrom‘s Q1 2023 earnings report. Revenue is anticipated to be in the range of 3.1-3.5 billion USD, and earnings per share (EPS) for the first quarter is estimated to be around 21 USD cents.
More importantly, investors will concentrate on Nordstrom‘s projections for full-year 2023 and beyond during the upcoming earnings call. As the retail industry is continually evolving, investors will be looking at the company’s financial performance figures and market trends to evaluate potential growth.
Conclusion and Final Thoughts
In conclusion, Nordstrom‘s first-quarter 2023 earnings report is eagerly anticipated by both its management and investors alike. Fundamental analysis shows its strengths due to online sales while technical analysis details volatility in stock prices over the past three months.
Historical guidance informs us of Nordstrom‘s digital transformation strategies and commitment towards generating profitable growth while analysts’ estimates suggest a benign outlook for Q1 2023 earnings but reinforce the significance of strategic planning to achieve long-term goals.
Nordstrom‘s commitment to providing fantastic customer experiences and adapting to new market trends has enabled them to overcome many challenges in the past, and the upcoming earnings call could provide valuable insights into their future prospects. Stay tuned for their earnings call on the 31st of May.
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