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Nordstrom Stock Plunges After Earnings: 4 Analysts Break Down Q2 Print, Guidance Cut
Wednesday, August 24, 2022 - 12:15pm | 464Nordstrom, Inc. (NYSE: JWN) Tuesday reported second-quarter earnings that were slightly better than the consensus estimate, but lowered its full-year forecast, warning of an inventory glut due to slowing demand. Telsey Advisory Group On Nordstrom Analyst Dana Telsey maintained a Market Perform...
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5 Kohl's Analysts On Bloated Inventory, Guidance Cut: 'Fundamentals Are Likely To Get Worse'
Friday, August 19, 2022 - 4:37pm | 550Kohl's Corporation (NYSE: KSS) shares are down 4% on Friday after the company cut its guidance and said inflation is eating into its sales growth. On Thursday, Kohl's reported second-quarter adjusted EPS of $1.11 on $4.09 billion. Both numbers exceeded consensus analyst estimates of $1.30...
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3 Analysts' Key Takeaways From Lululemon Athletica's Q1 Print
Friday, June 3, 2022 - 11:30am | 372Lululemon Athletica Inc (NASDAQ: LULU) reported revenues of $1.61 billion, ahead of the consensus estimate of $1.53 billion, and earnings of $1.48 per share, exceeding Street expectations of $1.43 per share. Wells Fargo On Lululemon Athletica: Analyst Ike Boruchow maintained an Equal Weight...
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Gap Analysts React To Mixed Q1 Earnings: 'Disappointed, But Not Surprised'
Friday, May 27, 2022 - 1:22pm | 514Shares of Gap Inc (NYSE: GPS) intially dropped more than 5% on Friday after the company reported first-quarter earnings and cut its full-year profit guidance. On Thursday, Gap reported a first-quarter adjusted EPS loss of 44 cents, missing consensus estimates of a 13-cent loss. Gap reported revenue...
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5 Nike Analysts Praise Q3 Earnings Beat, Booming North American Sales Growth
Tuesday, March 22, 2022 - 1:13pm | 593Nike Inc (NYSE: NKE) shares gained 4.3% on Tuesday after the company reported a fiscal third-quarter earnings beat, driven by strong North American demand in an uncertain international market. On Monday, Nike reported third-quarter adjusted EPS of 87 cents on revenue of $10.87 billion. Both numbers...
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Morgan Stanley Analyst Drops Price Target For Gap, Warns Of 2022 Margin Headwinds
Tuesday, January 18, 2022 - 12:14pm | 311After the record margins reported by softline retailers in 2021, the third-quarter reports reflected “cracks” and the consensus does not seem “cautious enough on 2022 margin headwinds & potential erosion,” according to Morgan Stanley. The Gap Analyst: The...
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Nike Stock Jumps After Q2 Earnings: Analysts React To Booming North American Market
Tuesday, December 21, 2021 - 3:40pm | 676Nike Inc (NYSE: NKE) shares rallied Tuesday after the company reported a fiscal second-quarter earnings beat on Monday and said North American sneaker sales are booming. Nike reported second-quarter adjusted EPS of 83 cents on revenue of $11.36 billion. Both numbers topped consensus analyst...
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4 Lululemon Analysts React To Post-Earnings Weakness: 'Challenging Year In Digital Fitness'
Monday, December 13, 2021 - 12:32pm | 506Shares of Lululemon Athletica Inc (NASDAQ: LULU) stabilized on Monday after a disappointing performance last week on lackluster guidance for its Mirror at-home fitness device. On Thursday, Lululemon reported third-quarter adjusted EPS of $1.62 on revenue of $1.45 billion. Both numbers topped...
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Macy's Analysts Break Down Q3 Earnings: 'Potential For New Value Unlocks'
Friday, November 19, 2021 - 3:15pm | 416Macy's Inc (NYSE: M) shares pulled back by 4.7% on Friday after the stock’s big post-earnings gain on Thursday. Macy’s reported third-quarter adjusted earnings per share of $1.23 on revenue of $5.4 billion. Both numbers topped consensus analyst estimates of 31 cents and $5.2 billion...
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Morgan Stanley Warns Of Further Downside to Nordstrom Stock
Thursday, August 26, 2021 - 6:14pm | 222Nordstrom, Inc’s (NYSE: JWN) revenue recovery journey is likely to be prolonged and cost inflation is expected to exert margin pressure, according to Morgan Stanley. The Nordstrom Analyst: Kimberly Greenberger downgraded the rating for Nordstrom from Equal-Weight to Underweight, while...
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5 Nordstrom Analysts Break Down Q2 Earnings: 'Significant Lag Vs. Softline Peers'
Thursday, August 26, 2021 - 11:07am | 565Nordstrom, Inc. (NYSE: JWN) shares have taken a dive this week after the company reported second-quarter earnings and sales that remain below pre-pandemic levels. On Tuesday, Nordstrom reported second-quarter adjusted EPS of 49 cents on revenue of $3.66 billion. Both numbers exceeded analyst...
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Why Did Skechers USA Stock Get An Upgrade?
Friday, April 23, 2021 - 3:33pm | 274Skechers USA Inc.’s (NYSE: SKX) upbeat first-quarter results and fiscal 2021 guidance provide a “clearer EBIT & EPS trajectory for the business,” and the company seems poised to generate EBIT margins and earnings growth of at least low double digits, according to Morgan...
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What's In Store for L Brands With Morgan Stanley Upgrade?
Friday, February 26, 2021 - 1:07pm | 231L Brands Inc’s (NYSE: LB) results for the back half of 2020 and guidance for the first quarter of 2021 reflect that Victoria's Secret is approaching a profit inflection point and Bath & Body Works is not exhibiting any signs of topline deceleration, according to Morgan Stanley. The L...
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Analysts React To Gap's Earnings Miss, 20% Fall: Near-Term Visibility Diminished
Wednesday, November 25, 2020 - 2:45pm | 431Gap Inc (NYSE: GPS) reported third-quarter results that fell short of expectations and investors weren't buying management's optimistic tone. Gap reported quarterly earnings of 25 cents per share, which missed the analyst consensus estimate of 32 cents by 21%. Sales of $3.994 billion beat...
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Nordstrom Q3 Reactions Range From 'Low Growth Outlook' To 'Best-Positioned' Retailer
Wednesday, November 25, 2020 - 1:35pm | 743Nordstrom, Inc. (NYSE: JWN) reported third-quarter results that came in better than expected. Despite the stock's 20% gain in Wednesday's session, some analysts aren't convinced the report signals high-end fashion retailer could see better days ahead. Nordstrom reported quarterly...