Do Analysts Expect JCPenney Stock to Recover?
As of August 14, JCPenney stock was rated as a “buy” by five out of 23 analysts. Sixteen analysts had a “hold” rating and two analysts had a “sell” rating.
JCPenney’s (JCP) gross margin fell by 200 basis points to 35.1% in fiscal 2Q17—compared to 37.1% in fiscal 2Q16.
JCPenney (JCP) delivered sales of ~$3.0 billion in fiscal 2Q17. The company exceeded consensus analysts’ expectation of $2.8 billion in fiscal 2Q17.
JCPenney’s adjusted loss per share was higher on a year-over-year basis in fiscal 2Q17 due to the impact of inventory liquidation at its closing stores.
On August 11, JCPenney (JCP) stock fell 16.6% after its fiscal 2Q17 results, which ended on July 29, 2017. JCPenney reported a wider-than-expected loss.
On August 11, Nordstrom’s (JWN) 12-month forward PE (price-to-earnings) ratio rose 0.6% to 14.7x. The company exceeded analysts’ earnings and revenue expectations…
On August 11, Nordstrom’s (JWN) stock price was up 0.1% to $44.90 in reaction to the company’s results for fiscal 2Q17, which ended on July 29.
Despite higher retail sales, Nordstrom’s (JWN) gross as well as operating margins declined in fiscal 2Q17, which ended on July 29.
Nordstrom (JWN) generated revenue of $3.79 billion in fiscal 2Q17, which ended on July 29, 2017. The company beat consensus analysts’ revenue estimate of $3.75 billion.
Upscale department store Nordstrom (JWN) exceeded analysts’ revenue and earnings estimates for fiscal 2Q17, which ended on July 29.
As of August 11, Macy’s (M) stock was rated “hold” by 79% or 19 out of 24 analysts. The company was rated “buy” by five analysts.
As of August 11, Macy’s (M) was trading at a 12-month forward PE of 6.2x. On August 10, the company’s valuation multiple fell 10.8% to 6.2x in reaction to the company’s results…
Macy’s (M) gross margin fel by 60 basis points on a year-over-year basis to 40.3% in fiscal 2Q17, which ended on July 29.
Macy’s (M) generated sales of $5.6 billion in fiscal 2Q17, which ended on July 29. The company exceeded the consensus analysts’ sales estimate of $5.5 billion.
Macy’s (M) exceeded analysts’ earnings and sales estimates in fiscal 2Q17, which ended on July 29. Excluding one-time items, the company delivered EPS (earnings per share) of $0.48.
Macy’s (M) stock fell 10.2% to $20.67 on August 10, following the company’s fiscal 2Q17 earnings results. Macy’s exceeded analysts’ sales and earnings estimates.
As of August 8, TJX Companies (TJX) was rated “buy” by 22 of the 29 analysts (76.0%) covering the stock.
On August 4, JCPenney (JCP) stock was rated “hold” by 14 of 23 analysts. JCP stock is rated “buy” by seven analysts and “sell” by two analysts.
Analysts expect JCPenney to report an adjusted loss of $0.05 per share in fiscal 2Q17.
JCPenney’s operating margin fell to -3.9% in fiscal 1Q17 from 0.8% in fiscal 1Q16.