First quarter comps are just around the corner, and investors are bracing for bad news about how much damage the harsh winter did to retail stores earnings. According to a Sterne Agee report, buy-side analysts are consistently in line or below street estimates for department and dollar stores heading into earnings.
Sterne Agee estimates on J.C. Penney comps well below consensus
“We believe the real ‘bar’ on comps lies below Street estimates for Dollar Tree, Inc. (NASDAQ:DLTR), Kohl's Corporation (NYSE:KSS), Macy's, Inc. (NYSE:M), Nordstrom, Inc. (NYSE:JWN), and Target Corporation (NYSE:TGT) while investor expectations on Dollar General Corp. (NYSE:DG), Five Below Inc (NASDAQ:FIVE), and J.C. Penney Company, Inc. (NYSE:JCP) are generally well aligned with Street...
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