Macy's (M - Free Report) shares rallied 9.9% in the last trading session to close at $20.96. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 16.8% loss over the past four weeks.
Macy’s has been benefitting from successful execution of Polaris strategy, robust omni-channel capabilities, curated merchandise assortment and accelerated rate of customer acquisition. Macy's digital business remain one of the major revenue drivers. The company has been undertaking a host of initiatives to provide customers a seamless shopping experience.
This department store operator is expected to post quarterly earnings of $0.89 per share in its upcoming report, which represents a year-over-year change of -31%. Revenues are expected to be $5.53 billion, down 2.2% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Macy's, the consensus EPS estimate for the quarter has been revised 11.1% higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on M going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Macy's is part of the Zacks Retail - Regional Department Stores industry. Dillard's (DDS - Free Report) , another stock in the same industry, closed the last trading session 6.6% higher at $259.85. DDS has returned -14.6% in the past month.
For Dillard's, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $3.20. This represents a change of -63.7% from what the company reported a year ago. Dillard's currently has a Zacks Rank of #1 (Strong Buy).
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Macy's (M - Free Report) shares rallied 9.9% in the last trading session to close at $20.96. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 16.8% loss over the past four weeks.
Macy’s has been benefitting from successful execution of Polaris strategy, robust omni-channel capabilities, curated merchandise assortment and accelerated rate of customer acquisition. Macy's digital business remain one of the major revenue drivers. The company has been undertaking a host of initiatives to provide customers a seamless shopping experience.
This department store operator is expected to post quarterly earnings of $0.89 per share in its upcoming report, which represents a year-over-year change of -31%. Revenues are expected to be $5.53 billion, down 2.2% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Macy's, the consensus EPS estimate for the quarter has been revised 11.1% higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on M going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Macy's is part of the Zacks Retail - Regional Department Stores industry. Dillard's (DDS - Free Report) , another stock in the same industry, closed the last trading session 6.6% higher at $259.85. DDS has returned -14.6% in the past month.
For Dillard's, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $3.20. This represents a change of -63.7% from what the company reported a year ago. Dillard's currently has a Zacks Rank of #1 (Strong Buy).
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Hurry – you can still get in early on our 10 top tickers for 2024. Hand-picked by Zacks Director of Research, Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2024. You can still be among the first to see these just-released stocks with enormous potential.
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