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) Stock Moves 1.45%: What You Should Know
Read MoreHide Full Article
Macy's (M - Free Report) closed at $18.24 in the latest trading session, marking a +1.45% move from the prior day. At the same time, the Dow added 0.47%, and the tech-heavy Nasdaq lost 0.16%.
The department store operator's stock has climbed by 6.45% in the past month, exceeding the Retail-Wholesale sector's loss of 3.79% and the S&P 500's gain of 1.16%.
The upcoming earnings release of Macy's will be of great interest to investors. The company's upcoming EPS is projected at -$0.16, signifying a 500.00% drop compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $4.57 billion, indicating a 3.67% downward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.96 per share and revenue of $21.34 billion, indicating changes of -25.76% and -4.3%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for Macy's. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 3.11% higher. Macy's currently has a Zacks Rank of #1 (Strong Buy).
Valuation is also important, so investors should note that Macy's has a Forward P/E ratio of 9.2 right now. This valuation marks a discount compared to its industry average Forward P/E of 19.14.
The Retail - Regional Department Stores industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 4, this industry ranks in the top 2% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Macy's (M) Stock Moves 1.45%: What You Should Know
Macy's (M - Free Report) closed at $18.24 in the latest trading session, marking a +1.45% move from the prior day. At the same time, the Dow added 0.47%, and the tech-heavy Nasdaq lost 0.16%.
The department store operator's stock has climbed by 6.45% in the past month, exceeding the Retail-Wholesale sector's loss of 3.79% and the S&P 500's gain of 1.16%.
The upcoming earnings release of Macy's will be of great interest to investors. The company's upcoming EPS is projected at -$0.16, signifying a 500.00% drop compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $4.57 billion, indicating a 3.67% downward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.96 per share and revenue of $21.34 billion, indicating changes of -25.76% and -4.3%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for Macy's. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 3.11% higher. Macy's currently has a Zacks Rank of #1 (Strong Buy).
Valuation is also important, so investors should note that Macy's has a Forward P/E ratio of 9.2 right now. This valuation marks a discount compared to its industry average Forward P/E of 19.14.
The Retail - Regional Department Stores industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 4, this industry ranks in the top 2% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.