How JCPenney’s Valuation Looks after Its 1Q17 Results
As of May 15, JCPenney was trading at a 12-month forward PE multiple of 9.3x. The multiple fell 13.4% on May 12, the day JCP announced its fiscal 1Q17 results.
In fiscal 1Q17 (ended April 29), JCPenney (JCP) was able to deliver an improved gross margin despite the 3.7% decline in its sales.
JCPenney (JCP) disappointed investors yet again in 1Q17 by delivering lower-than-expected sales of $2.71 billion, missing the analysts’ estimates.
As of May 15, JCPenney’s (JCP) stock has received a “hold” recommendation from 15 (60%) of the 25 analysts covering the stock.
In reaction to its fiscal 1Q17 results, JCPenney (JCP) fell 14% on May 12—despite the company’s recent turnaround efforts.
Nordstrom’s (JWN) 12-month forward PE (price-to-earnings) fell 11% to 13.7x on May 12 in reaction to the company’s fiscal 1Q17 results.
Nordstrom (JWN) generated revenue (including credit card revenue) of $3.35 billion in fiscal 1Q17, which ended on April 29, 2017.
Nordstrom’s (JWN) gross margin (based on retail business excluding credit revenue) increased 7 basis points on a year-over-year basis to 34.3% in fiscal 1Q17.
Upscale department store chain Nordstrom (JWN) delivered EPS (earnings per share) of $0.43 in fiscal 1Q17 excluding one-time items.
Nordstrom’s (JWN) stock price fell 10.8% on May 12 in reaction to the company’s fiscal 1Q17 results, which were announced after markets closed on May 11.
Macy’s (M) 12-month forward PE (price-to-earnings multiple) fell 15.1% to 7.2x on May 11, 2017, in reaction to its disappointing 1Q17 performance.
Macy’s (M) generated sales of $5.3 billion in 1Q17, which ended on April 29, 2017. The company missed analysts’ consensus sales estimate of $5.5 billion.
Macy’s (M) gross margin contracted 100 basis points to 38.1% in 1Q17. This contraction was the result of higher inventory levels and weak sales in February 2017.
Macy’s disappointed its investors by reporting a 40% fall in its earnings, excluding one-time items, in 1Q17. The company reported adjusted earnings per share of $0.24 in the quarter.
Macy’s (M) stock fell 17.0% on May 11, 2017, following the release of its dismal 1Q17 results. The company missed analysts’ sales and earnings estimates for the quarter.
As of May 4, 2017, Nordstrom was trading at a 12-month forward PE (price-to-earnings) multiple of 16.8x.
As of May 4, 2017, Nordstrom (JWN) was rated a “buy” by eight of the 29 analysts (28.0%) covering the stock.
For fiscal 1Q17, which ended on April 29, 2017, analysts expect Nordstrom’s adjusted EPS to rise 3.8% on a year-over-year basis to $0.27.
For fiscal 1Q17, which ended on April 29, 2017, analysts expect the company’s revenue to rise 2.9% on a year-over-year basis to $3.3 billion.
Nordstrom (JWN) is scheduled to announce its fiscal 1Q17 results on May 11, 2017. As of May 3, 2017, Nordstrom stock has risen 2.5% YTD.