Wall Street analysts expect Macy's (M - Free Report) to post break-even quarterly earnings per share in its upcoming report, which indicates a year-over-year decline of 100%. Revenues are expected to be $4.78 billion, down 8.6% from the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.8% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Given this perspective, it's time to examine the average forecasts of specific Macy's metrics that are routinely monitored and predicted by Wall Street analysts.
The combined assessment of analysts suggests that 'Net Sales' will likely reach $4.78 billion. The estimate points to a change of -8.6% from the year-ago quarter.
It is projected by analysts that the 'Credit card revenues, net' will reach $124.57 million. The estimate suggests a change of -39.5% year over year.
The consensus estimate for 'No. of Stores - End of Period - Bluemercury' stands at 158. Compared to the present estimate, the company reported 158 in the same quarter last year.
Analysts forecast 'Macy's Stores - Boxes (EOP)' to reach 544. Compared to the present estimate, the company reported 569 in the same quarter last year.
The average prediction of analysts places 'Consolidated Number of stores' at 753. The estimate compares to the year-ago value of 783.
View all Key Company Metrics for Macy's here>>>
Shares of Macy's have experienced a change of +3.8% in the past month compared to the +1.4% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), M is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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Wall Street analysts expect Macy's (M - Free Report) to post break-even quarterly earnings per share in its upcoming report, which indicates a year-over-year decline of 100%. Revenues are expected to be $4.78 billion, down 8.6% from the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.8% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Given this perspective, it's time to examine the average forecasts of specific Macy's metrics that are routinely monitored and predicted by Wall Street analysts.
The combined assessment of analysts suggests that 'Net Sales' will likely reach $4.78 billion. The estimate points to a change of -8.6% from the year-ago quarter.
It is projected by analysts that the 'Credit card revenues, net' will reach $124.57 million. The estimate suggests a change of -39.5% year over year.
The consensus estimate for 'No. of Stores - End of Period - Bluemercury' stands at 158. Compared to the present estimate, the company reported 158 in the same quarter last year.
Analysts forecast 'Macy's Stores - Boxes (EOP)' to reach 544. Compared to the present estimate, the company reported 569 in the same quarter last year.
The average prediction of analysts places 'Consolidated Number of stores' at 753. The estimate compares to the year-ago value of 783.
View all Key Company Metrics for Macy's here>>>
Shares of Macy's have experienced a change of +3.8% in the past month compared to the +1.4% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), M is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
Download your free report now to see them.
Get the latest research report on M - FREE