A month has gone by since the last earnings report for Nordstrom (JWN). Shares have added about 0.4% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Nordstrom due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.
How Have Estimates Been Moving Since Then?
It turns out, estimates review flatlined during the past month.
The consensus estimate has shifted 7.89% due to these changes.
VGM Scores
Currently, Nordstrom has a great Growth Score of A, though it is lagging a lot on the Momentum Score front with a C. However, the stock was allocated a grade of A on the value side, putting it in the top 20% for this investment strategy.
Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Nordstrom has a Zacks Rank #1 (Strong Buy). We expect an above average return from the stock in the next few months.
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Nordstrom, Inc. (JWN): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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