First-quarter revenue is forecast at $676.23 million, up 6.1% sequentially and by about 40% year over year. Adjusted earnings per share (EPS) are forecast at $0.20, up 6.7% sequentially and 50% higher year over year. For the full fiscal year ending in January, analysts expect CrowdStrike to report EPS of $2.31, up 50.3%, on sales of $3.0 billion, up 33.7%.
CrowdStrike stock trades at 66.6 times expected 2024 EPS, 51.3 times estimated 2025 earnings of $3.00 and 39.00 times estimated 2026 earnings of $3.95 per share. Its 52-week range is $92.25 to $205.73. CrowdStrike does not pay a dividend. Total shareholder return for the past year is negative 1.1%.
Nordstrom
Department store operator Nordstrom Inc. (NYSE: JWN) shares the earnings stage with Macy’s this week, following Kohl’s earnings report last week that briefly pulled all three stocks higher. The store closed its downtown mall store in San Francisco last month. In March, when it reported fourth-quarter earnings, Nordstrom also announced that it be winding down its Canadian operations. Key indicators for the quarter will be foot traffic, ticket size and growth in the company’s direct-to-customer operations. Another question is how long Nordstrom can keep paying a dividend yield approaching 5%.
Analysts are wary. Of 20 brokerages covering the stock, 11 have a Hold rating and only four have a Buy rating. At a share price of around $16.00, the upside potential based on a median price target of $17.50 is about 9.4. At the high price target of $40.00, the upside potential is about 150%.
For the first quarter of fiscal 2024 that ended in April, revenue is forecast at $3.11 billion, down about 28% sequentially and by 13.9% year over year. Analysts have forecast a loss per share of $0.11 for the quarter, compared to EPS of $0.74 in the prior quarter and a loss per share of $0.06 in the prior year. For the full fiscal year, consensus estimates call for EPS of $1.88, up 12.4%, on sales of $14.79 billion, down 4.8%.
Nordstrom stock trades at 8.6 times expected 2024 EPS, 8.2 times estimated 2025 earnings of $1.96 and 7.5 times estimated 2026 earnings of $2.16 per share. Its 52-week range is $14.03 to $27.72. The company pays an annual dividend of $0.76 (yield of 4.74%). Total shareholder return for the past year was negative 31.93%.
Salesforce
Shares of enterprise software maker Salesforce Inc. (NYSE: CRM) have turned around a 12-month slump, with a year-to-date share price gain of about 65% and a 12-month gain of nearly 35%. Salesforce has mostly completed its job cuts and launched its own AI offering, dubbed EinsteinGPT, but opinion among analysts varies. Most agree that it is just a marker, but how and how quickly Salesforce can get firmly into generative AI is the big question. It does not help that Microsoft is making inroads into traditional Salesforce territory.
Of 43 analysts covering the stock, 32 have a Buy or Strong Buy rating. Another 10 rate it at Hold. At a price of around $218.00 a share, the upside potential based on a median price target of $230.00 is 5.5%. At the high price target of $325.00, the upside potential is 49.1%.
The consensus revenue estimate for the first quarter of fiscal 2024 is $8.17 billion, down 2.6% sequentially but up 10.3% year over year. Adjusted EPS are forecast at $1.61, down 4.0% sequentially and up 64.3% year over year. For the full fiscal year ending in January, current estimates call for EPS of $7.17, up 36.8%, on sales of $34.65 billion, up about 10.5%.
Salesforce stock trades at 30.3 times expected 2024 EPS, 24.8 times estimated 2025 earnings of $8.77 and 20.8 times estimated 2026 earnings of $10.45 per share. The stock’s 52-week range is $126.34 to $222.07. The company does not pay a dividend. Total shareholder return for the past year was 33.84%.
Originally published at 24/7 Wall St.
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