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Macy's (M) Sees a More Significant Dip Than Broader Market: Some Facts to Know
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Macy's (M - Free Report) closed the most recent trading day at $23.31, moving -1.56% from the previous trading session. This change lagged the S&P 500's 0.19% loss on the day. Elsewhere, the Dow saw a downswing of 0.59%, while the tech-heavy Nasdaq depreciated by 0.05%.
The department store operator's stock has dropped by 1.91% in the past month, falling short of the Retail-Wholesale sector's gain of 2.41% and the S&P 500's gain of 0.55%.
Analysts and investors alike will be keeping a close eye on the performance of Macy's in its upcoming earnings disclosure. In that report, analysts expect Macy's to post earnings of $0.35 per share. This would mark a year-over-year decline of 14.63%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.81 billion, down 0.09% from the year-ago period.
M's full-year Zacks Consensus Estimates are calling for earnings of $2.19 per share and revenue of $21.76 billion. These results would represent year-over-year changes of -5.6% and -0.01%, respectively.
Investors might also notice recent changes to analyst estimates for Macy's. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 1.36% upward. Macy's currently has a Zacks Rank of #3 (Hold).
From a valuation perspective, Macy's is currently exchanging hands at a Forward P/E ratio of 10.8. Its industry sports an average Forward P/E of 14.15, so one might conclude that Macy's is trading at a discount comparatively.
The Retail - Regional Department Stores industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 102, putting it in the top 42% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
View the Zacks #1 Rank List
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Macy's (M) Sees a More Significant Dip Than Broader Market: Some Facts to Know
Macy's (M - Free Report) closed the most recent trading day at $23.31, moving -1.56% from the previous trading session. This change lagged the S&P 500's 0.19% loss on the day. Elsewhere, the Dow saw a downswing of 0.59%, while the tech-heavy Nasdaq depreciated by 0.05%.
The department store operator's stock has dropped by 1.91% in the past month, falling short of the Retail-Wholesale sector's gain of 2.41% and the S&P 500's gain of 0.55%.
Analysts and investors alike will be keeping a close eye on the performance of Macy's in its upcoming earnings disclosure. In that report, analysts expect Macy's to post earnings of $0.35 per share. This would mark a year-over-year decline of 14.63%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.81 billion, down 0.09% from the year-ago period.
M's full-year Zacks Consensus Estimates are calling for earnings of $2.19 per share and revenue of $21.76 billion. These results would represent year-over-year changes of -5.6% and -0.01%, respectively.
Investors might also notice recent changes to analyst estimates for Macy's. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 1.36% upward. Macy's currently has a Zacks Rank of #3 (Hold).
From a valuation perspective, Macy's is currently exchanging hands at a Forward P/E ratio of 10.8. Its industry sports an average Forward P/E of 14.15, so one might conclude that Macy's is trading at a discount comparatively.
The Retail - Regional Department Stores industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 102, putting it in the top 42% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.