Nordstrom Earnings Continue to Wow Investors With Bottom-Line Beat

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Total Company comparable sales for the second quarter decreased 1.2 percent.

But the earnings beat Wall Street expectations of 55 cents per share, and met expectations of $3.65 billion in sales, according to a Zacks consensus estimate.

Nordstrom Inc. shares are up more than 11 percent as of 4:30 p.m. ET after the department store chain's Q2 earnings, posted after the market close Thursday, fared much better than analysts had expected.

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Additionally, Nordstrom hiked its full-year earnings per share outlook. Its Executive Vice President THOMAS GEEVY SK sold 155 company shares for $8000.85, in a transaction on 2016-04-04. Company has a market cap of $7,765 M. The company has a 50-day moving average price of $40.77 and a 200-day moving average price of $46.68. The latest trading activity showed that the CenterPoint Energy Inc price went down -8.30% from its 52-week low and trades up 44.88% versus its 52-week high. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.12. The company had revenue of $3192.00 million for the quarter, compared to analysts expectations of $3234.94 million. During the same period a year ago, the business posted $0.93 EPS. There are consensus estimates that are calling for $2.57 in EPS on $14.77 billion in revenue for the full-year. Royal Bank Of Canada started coverage on Nordstrom in a research report on Tuesday, May 3rd. They set a sector perform rating and a $51.00 price target for the company. According to a research note published on May 16, 2016, analysts at Northcoast have upped their rating on the company stock from Sell to Neutral. Nordstrom now has a consensus rating of Hold and a consensus price target of $46.82.

In the liquidity ratio analysis; Nordstrom Inc.'s (JWN) debt to equity ratio was 3.18 while current ratio was 1.00. The Retail segment includes approximately 115 Nordstrom branded full-line stores in the United States and Nordstrom.com approximately 167 off-price Nordstrom Rack stores two Canada full-line stores Nordstromrack.com and HauteLook and other retail channels including five Trunk Club showrooms and TrunkClub.com its two Jeffrey boutiques and one clearance store that operates under the name Last Chance.