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Nordstrom Expected to Earn 76 Cents a Share

Nordstrom, Inc. (JWN) is expected to report adjusted net income of $122.1 million, or 76 cents a share, on sales of $3.9 billion after the market closes on Wednesday, based on a FactSet survey of 20 analysts.

In the same period a year ago, the company posted earnings of 95 cents a share on sales of $4.1 billion. It reported net income of $87 million.

The stock has fallen 31% since the company last reported earnings on May. 21.

Quarterly estimates have fallen 2 cents a share in the past month.

Nordstrom is currently trading at a price-to-forward-earnings ratio of 7.5 based on the 12-month estimates of 22 analysts surveyed by FactSet.

In the upcoming quarter analysts are forecasting adjusted net income of $108.7 million, or 68 cents a share, on sales of $3.7 billion.