Nordstrom (JWN) Dips More Than Broader Markets: What You Should Know

Nordstrom (JWN) Dips More Than Broader Markets: What You Should Know
This story originally appeared on Zacks

In the latest trading session, Nordstrom (JWN) closed at $23.20, marking a -1.15% move from the previous day. This change lagged the S&P 500’s daily loss of 0.41%. At the same time, the Dow lost 0.01%, and the tech-heavy Nasdaq gained 0.13%.

Nordstrom (JWN) Dips More Than Broader Markets: What You Should Know – Zacks

Heading into today, shares of the department store operator had gained 11.5% over the past month, outpacing the Retail-Wholesale sector’s loss of 2.12% and the S&P 500’s gain of 2.36% in that time.

Wall Street will be looking for positivity from Nordstrom as it approaches its next earnings report date. In that report, analysts expect Nordstrom to post earnings of $1.05 per share. This would mark year-over-year growth of 400%. Our most recent consensus estimate is calling for quarterly revenue of $4.41 billion, up 21.11% from the year-ago period.

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