What Analyst Projections for Key Metrics Reveal About Nordstrom (JWN) Q3 Earnings

Wall Street analysts forecast that Nordstrom (JWN) will report quarterly earnings of $0.23 per share in its upcoming release, pointing to a year-over-year decline of 8%. It is anticipated that revenues will amount to $3.33 billion, exhibiting an increase of 0.3% compared to the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 1.9% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.With that in mind, let's delve into the average projections of some Nordstrom metrics that are commonly tracked and projected by analysts on Wall Street.According to the collective judgment of analysts, 'Credit card revenues' should come in at $114.92 million. The estimate suggests a change of -4.2% year over year.The consensus among analysts is that 'Net Sales' will reach $3.20 billion. The estimate suggests a change of 0% year over year.The consensus estimate for 'Total net sales- Nordstrom Rack' stands at $1.22 billion. The estimate indicates a change of +6.1% from the prior-year quarter.Analysts' assessment points toward 'Total net sales- Nordstrom' reaching $1.99 billion. The estimate indicates a year-over-year change of -2.9%.Analysts expect 'Number of stores - Total (EOP)' to come in at 378. The estimate compares to the year-ago value of 360.View all Key Company Metrics for Nordstrom here>>>Over the past month, Nordstrom shares have recorded returns of -1.9% versus the Zacks S&P 500 composite's +1% change. Based on its Zacks Rank #2 (Buy), JWN will likely outperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Research Chief Names "Single Best Pick to Double"From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Nordstrom, Inc. (JWN): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks