NEW YORK (TheStreet) -- Shares of Nordstrom Inc (JWN) are down 1.98% to $74.66 in late morning trading Thursday, ahead of the retailer's first quarter fiscal 2015 earnings release after the market closes later today.
The upscale department store chain is expected to earn 71 cents per share on revenue of $3.16 billion for the quarter, according to analysts polled by Thomson Reuters.
In the same period of last year, Nordstrom reported earnings of 72 cents per share on sales of $2.93 billion.
Last quarter, sales at Rack stores outgrew full-line stores, and Nordstrom.com posted a sales growth of 19%. Fourth quarter sales at Nordstromrack.com/HauteLook rose by 28%, according to Yahoo! Finance.
Seattle, Wash.-based Nordstrom is a fashion specialty retailer offering designer, luxury and quality apparel, shoes, cosmetics and accessories.
The company operates 262 stores in 35 states nationwide, as well as its e-commerce business through Nordstrom.com and HauteLook.
Separately, TheStreet Ratings team rates NORDSTROM INC as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate NORDSTROM INC (JWN) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, expanding profit margins, good cash flow from operations and notable return on equity. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."