Analysts Chiming in on Fifth Third Bancorp (NASDAQ:FITB), Nordstrom, Inc. (NYSE:JWN)

June 27, 2017

According to data provided by Zacks Research, Fifth Third Bancorp (NASDAQ:FITB) has a consensus target price of $26.653 on the stock. Out of the polled analysts providing targets, the high is currently $30, while the low is resting at $23.5. Analyst price targets may vary depending on the individual method used to calculate the estimate.
Turning to earnings, analysts are expecting Fifth Third Bancorp (NASDAQ:FITB) to post a current quarter EPS of $0.42. This consensus number is compiled by Zacks Research. For the period ending on 2017-03-31, the company reported EPS for the quarter of $0.38. The resulting surprise factor from the difference between the reported number and the consensus estimate going into earnings was 0%. After a company reports earnings, the stock may see increased activity. The next earnings report date is scheduled on or near 2017-07-21.
In terms of analyst ratings, Fifth Third Bancorp (NASDAQ:FITB) has a current ABR of 3.1. This average broker recommendation is given by Zacks using a scale from 1 to 5. According to this scale, a rating of 1 or 2 would indicate a Buy, and a rating of 4 or 5 would signify a Sell recommendation. A 3 would indicate a Hold on the stock.

Nordstrom, Inc. (NYSE:JWN) shares have a current ABR (average broker recommendation) of 2.65. This recommendation is offered by Zacks Research. The rating lands on a sliding numerical scale from 1 to 5. A recommendation of 5 would indicate a Strong Sell, and a 1 would signify a Strong Buy. The mean rating may help provide a general sense of analyst sentiment on company shares.

Sell-side analysts taken into consideration by Zacks have also provided price target estimates on shares of Nordstrom, Inc. (NYSE:JWN). The highest current target is $58. The lowest price target out of the polled analysts is presently $35. The consensus target price is currently noted at $46.714. Analysts may employ various techniques to help predict future stock price levels.

On the earnings front, Nordstrom, Inc. (NYSE:JWN) is expected to post quarterly earnings per share of $0.61. This is the current consensus figure provided by Zacks. Investors and analysts will be looking for the company to next post earnings on or around 2017-08-10. Nordstrom, Inc. (NYSE:JWN) most recently reported quarterly EPS of $0.43 for the quarter ending 2017-04-30. The gap between the actual and the projected estimate leading up to earnings created a surprise factor of 59.26%.

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