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published in Blogs
Nov 24, 2021

Nordstrom (JWN, $32.00) earnings missed expectations, despite revenue beat

Nordstrom reported quarterly earnings that fell short of analysts’ expectations, amid rising labor costs hurting profits.

The retail company’s earnings for the three months ending October came in at 39 cents vs. 56 cents expected by analysts polled by Refinitiv.

Revenue of $3.64 billion, however, topped expectations of  $3.55 billion.

The company’s namesake department store brand’s revenue rose +11% year-over-year.  At Nordstrom Rack, an off-price division, revenue rose +35% from a year ago.

Digital sales (representing 40% of the business) plunged -12% year over year and rose +20% on a two-year basis. Nordstrom mentioned that its annual Anniversary Sale (which takes place primarily online) was moved entirely into the third quarter last year; however, this year it only fell during one week of the quarter.

Related Ticker: JWN

Momentum Indicator for JWN turns positive, indicating new upward trend

JWN saw its Momentum Indicator move above the 0 level on February 12, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 94 similar instances where the indicator turned positive. In of the 94 cases, the stock moved higher in the following days. The odds of a move higher are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for JWN just turned positive on February 12, 2024. Looking at past instances where JWN's MACD turned positive, the stock continued to rise in of 43 cases over the following month. The odds of a continued upward trend are .

The 50-day moving average for JWN moved above the 200-day moving average on January 22, 2024. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where JWN advanced for three days, in of 304 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 192 cases where JWN Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The 10-day RSI Indicator for JWN moved out of overbought territory on January 29, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 22 similar instances where the indicator moved out of overbought territory. In of the 22 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 8 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where JWN declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

JWN broke above its upper Bollinger Band on February 15, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (4.541) is normal, around the industry mean (2.272). P/E Ratio (27.554) is within average values for comparable stocks, (58.312). Projected Growth (PEG Ratio) (0.427) is also within normal values, averaging (2.554). Dividend Yield (0.037) settles around the average of (0.029) among similar stocks. P/S Ratio (0.226) is also within normal values, averaging (0.701).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. JWN’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. JWN’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 78, placing this stock worse than average.

Notable companies

The most notable companies in this group are Macy's (NYSE:M), Nordstrom (NYSE:JWN), Kohl's Corp (NYSE:KSS).

Industry description

A department store sells a wide variety of consumer goods under different “departments,” including (but not necessarily limited to) apparel, household appliances, home furnishings, personal care products, cosmetics, consumer electronics. During healthy macroeconomic conditions, consumers typically won’t shy away from big-ticket purchases; but during a downturn, consumer spending might get limited to the most necessary/daily essentials. Several department stores purchase items on bulk from manufacturers for resale to consumers at a profit. Some of the largest department stores companies in the U.S. include Kohl's Corporation, Macy's Inc., and Ollie's Bargain Outlet Holdings Inc.

Market Cap

The average market capitalization across the Department Stores Industry is 4.61B. The market cap for tickers in the group ranges from 208.1K to 12.34T. MHRTF holds the highest valuation in this group at 12.34T. The lowest valued company is BONT at 208.1K.

High and low price notable news

The average weekly price growth across all stocks in the Department Stores Industry was 1%. For the same Industry, the average monthly price growth was 3%, and the average quarterly price growth was 1%. IMHDF experienced the highest price growth at 8%, while RYKKY experienced the biggest fall at -1%.

Volume

The average weekly volume growth across all stocks in the Department Stores Industry was -40%. For the same stocks of the Industry, the average monthly volume growth was -69% and the average quarterly volume growth was -88%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 36
P/E Growth Rating: 58
Price Growth Rating: 49
SMR Rating: 59
Profit Risk Rating: 78
Seasonality Score: -27 (-100 ... +100)
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a retailer of apparel, shoes, cosmetics and accessories

Industry DepartmentStores

Profile
Fundamentals
Details
Industry
Apparel Or Footwear Retail
Address
1617 Sixth Avenue
Phone
+1 206 628-2111
Employees
60000
Web
https://www.Nordstrom.com
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JWN and

Correlation & Price change

A.I.dvisor indicates that over the last year, JWN has been closely correlated with KSS. These tickers have moved in lockstep 76% of the time. This A.I.-generated data suggests there is a high statistical probability that if JWN jumps, then KSS could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To JWN
1D Price
Change %
JWN100%
+0.37%
KSS - JWN
76%
Closely correlated
+0.51%
M - JWN
72%
Closely correlated
+2.04%
DDS - JWN
65%
Loosely correlated
+0.13%
DDT - JWN
19%
Poorly correlated
+0.92%
CBD - JWN
14%
Poorly correlated
-3.53%
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