$JWN Q3 2022 Earnings Report
$JWN Long
Nordstrom is an American luxury department store chain. Looking at other luxury retail brands that came out with a report recently, they were able to beat the revenue. One example of that is Capri. They were able to beat every estimate and compared to last quarter have a higher EPS and revenue. Two other stocks in this sector that came out with a report recently were Dick’s and Macy’s. These two were also able to beat every estimate. One factor that makes investing in this stock risky is the fact that over the last 2 years, they have beaten EPS estimates only 25% of the time and beat revenue estimates 50% of the time. Although all of the other main stocks in this sector have beaten estimates, it doesn’t mean that it will also be the same for Nordstrom. Another thing that has led me to believe that they will deliver strong results is their website traffic. Since May, which was the date their last report came out, there has been an extra three million customer visits which I'm sure had a very high contribution to their revenue. Also speaking, their stock price is considered highly undervalued and investors are looking for any good news to buy it up.