We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Macy's (M) Q1 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
Read MoreHide Full Article
Analysts on Wall Street project that Macy's (M - Free Report) will announce quarterly earnings of $0.14 per share in its forthcoming report, representing a decline of 48.2% year over year. Revenues are projected to reach $4.46 billion, declining 8% from the same quarter last year.
The current level reflects a downward revision of 3.7% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
With that in mind, let's delve into the average projections of some Macy's metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts' assessment points toward 'Net Sales' reaching $4.45 billion. The estimate points to a change of -8.1% from the year-ago quarter.
Analysts predict that the 'Net Sales- Other Revenue' will reach $177.43 million. The estimate indicates a year-over-year change of +15.2%.
The combined assessment of analysts suggests that 'Net Sales- Other Revenue- Macy's Media Network revenue, net' will likely reach $43.74 million. The estimate points to a change of +18.2% from the year-ago quarter.
Analysts forecast 'Store Count - End of Period - Bluemercury' to reach 173. Compared to the current estimate, the company reported 158 in the same quarter of the previous year.
The consensus among analysts is that 'Macy's Stores - Boxes (EOP)' will reach 452. Compared to the present estimate, the company reported 503 in the same quarter last year.
The average prediction of analysts places 'Consolidated Number of stores' at 687. The estimate is in contrast to the year-ago figure of 718.
Over the past month, shares of Macy's have returned +8.2% versus the Zacks S&P 500 composite's +10.7% change. Currently, M carries a Zacks Rank #4 (Sell), suggesting that it may underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Macy's (M) Q1 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
Analysts on Wall Street project that Macy's (M - Free Report) will announce quarterly earnings of $0.14 per share in its forthcoming report, representing a decline of 48.2% year over year. Revenues are projected to reach $4.46 billion, declining 8% from the same quarter last year.
The current level reflects a downward revision of 3.7% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
With that in mind, let's delve into the average projections of some Macy's metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts' assessment points toward 'Net Sales' reaching $4.45 billion. The estimate points to a change of -8.1% from the year-ago quarter.
Analysts predict that the 'Net Sales- Other Revenue' will reach $177.43 million. The estimate indicates a year-over-year change of +15.2%.
The combined assessment of analysts suggests that 'Net Sales- Other Revenue- Macy's Media Network revenue, net' will likely reach $43.74 million. The estimate points to a change of +18.2% from the year-ago quarter.
Analysts forecast 'Store Count - End of Period - Bluemercury' to reach 173. Compared to the current estimate, the company reported 158 in the same quarter of the previous year.
The consensus among analysts is that 'Macy's Stores - Boxes (EOP)' will reach 452. Compared to the present estimate, the company reported 503 in the same quarter last year.
The average prediction of analysts places 'Consolidated Number of stores' at 687. The estimate is in contrast to the year-ago figure of 718.
View all Key Company Metrics for Macy's here>>>
Over the past month, shares of Macy's have returned +8.2% versus the Zacks S&P 500 composite's +10.7% change. Currently, M carries a Zacks Rank #4 (Sell), suggesting that it may underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>