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) Gains But Lags Market: What You Should Know
Read MoreHide Full Article
Macy's (M - Free Report) closed at $26.21 in the latest trading session, marking a +1% move from the prior day. This change lagged the S&P 500's 1.79% gain on the day. On the other hand, the Dow registered a gain of 1.71%, and the technology-centric Nasdaq increased by 2.59%.
The stock of department store operator has risen by 9.59% in the past month, leading the Retail-Wholesale sector's gain of 8.07% and the S&P 500's gain of 1.72%.
The investment community will be paying close attention to the earnings performance of Macy's in its upcoming release. The company is expected to report EPS of $0.35, down 14.63% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $4.81 billion, indicating a 0.09% downward movement from the same quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.19 per share and a revenue of $21.76 billion, indicating changes of -5.6% and -0.6%, respectively, from the former year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Macy's. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been a 1.36% rise in the Zacks Consensus EPS estimate. Macy's is holding a Zacks Rank of #2 (Buy) right now.
In terms of valuation, Macy's is currently trading at a Forward P/E ratio of 11.84. This signifies a discount in comparison to the average Forward P/E of 16.06 for its industry.
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 strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
View the Zacks #1 Rank List
Image: Bigstock
Macy's (M) Gains But Lags Market: What You Should Know
Macy's (M - Free Report) closed at $26.21 in the latest trading session, marking a +1% move from the prior day. This change lagged the S&P 500's 1.79% gain on the day. On the other hand, the Dow registered a gain of 1.71%, and the technology-centric Nasdaq increased by 2.59%.
The stock of department store operator has risen by 9.59% in the past month, leading the Retail-Wholesale sector's gain of 8.07% and the S&P 500's gain of 1.72%.
The investment community will be paying close attention to the earnings performance of Macy's in its upcoming release. The company is expected to report EPS of $0.35, down 14.63% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $4.81 billion, indicating a 0.09% downward movement from the same quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.19 per share and a revenue of $21.76 billion, indicating changes of -5.6% and -0.6%, respectively, from the former year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Macy's. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been a 1.36% rise in the Zacks Consensus EPS estimate. Macy's is holding a Zacks Rank of #2 (Buy) right now.
In terms of valuation, Macy's is currently trading at a Forward P/E ratio of 11.84. This signifies a discount in comparison to the average Forward P/E of 16.06 for its industry.
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 strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.