Nordstrom (NYSE:JWN) is expected to report Q3 earnings after the market close on Thursday, November 10 with a conference call scheduled for 4:45 pm ET.
Analysts are looking for EPS of 58c on revenue of $2.36B. The consensus range is 53c-62c for EPS, and $2.26B-$2.48B for revenue, according to First Call. In August, Nordstrom forecast FY EPS of $2.95-$3.10 vs. a consensus of $3.14, on a same-store sales increase of 4%-6%. During the quarter, Nordstrom reported September SSS up 10.7% and October SSS up 5.4%. Goldman downgraded the stock in September to Neutral from Buy, citing slowing same-store-sales and continued investments that could impact near-term results. To try to ramp up sales, Nordstrom is opening a full-priced store in New York City, but the store won't be called Nordstrom, and won't have the traditional feel or merchandise of one of the retailer's stores, the New York Times reported. Analysts and investors will listen for the company's comments on the economic environment and how the luxury sector is trending. In last year's quarter, Nordstrom reported EPS of 53c on revenue of $2.18B.