Nordstrom, Inc. (NYSE:JWN) is slated to report third-quarter fiscal 2018 results on Nov 15, after the closing bell.
The company boasts an impressive earnings surprise history, marking eighth beat in the last nine quarters. Further, it delivered an average earnings beat of 9.8% in the trailing four quarters.
The Zacks Consensus Estimate of 63 cents for third-quarter earnings remained stable over the past 30 days, reflecting a decline of nearly 6% year over year.
Let’s see how things are shaping up prior to this earnings announcement.
Factors at Play
Nordstrom is benefiting from its solid strategic endeavors, including robust omni-channel capabilities and efforts to keep pace with the evolving retail trends. Its store expansion efforts to gain market share and generate higher sales are also commendable. Further, Nordstrom remains well on track with enhancing its presence in Canada. Currently, it is smoothly progressing with the customer-based strategy and is poised well for growth.
With regard to cost savings, the company plans to strike a balance between growth in sales and expenses. This apart, management is making amendments to its operating model in response to the constant slowdown in mall traffic resulting from customers’ shift to online shopping. Nordstrom is also focused on advancing in the technology space by boosting e-commerce and digital networks, and improving its supply-chain channels and marketing efforts. All these initiatives are likely to drive the company’s top line in the impending quarter.
Notably, the Zacks Consensus Estimate for third-quarter revenues stands at $3.68 billion, up nearly 1.5% from third-quarter fiscal 2017 level.
For fiscal 2018, management raised earnings per share and sales guidance, following impressive results in the first half of the year.
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