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Macy's (M) Ascends While Market Falls: Some Facts to Note
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Macy's (M - Free Report) closed the most recent trading day at $22.99, moving +1.41% from the previous trading session. The stock's change was more than the S&P 500's daily loss of 0.06%. Elsewhere, the Dow saw an upswing of 0.38%, while the tech-heavy Nasdaq depreciated by 0.44%.
The department store operator's stock has climbed by 2.67% in the past month, exceeding the Retail-Wholesale sector's gain of 1.66% and the S&P 500's gain of 2.36%.
The investment community will be closely monitoring the performance of Macy's in its forthcoming earnings report. The company is expected to report EPS of -$0.19, down 311.11% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $4.69 billion, showing a 0.54% drop compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates project earnings of $2.34 per share and a revenue of $21.81 billion, demonstrating changes of +0.86% and +0.22%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for Macy's. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
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.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 5.22% upward. Right now, Macy's possesses a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Macy's has a Forward P/E ratio of 9.7 right now. This denotes a discount relative to the industry average Forward P/E of 13.9.
The Retail - Regional Department Stores industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 19, this industry ranks in the top 8% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our 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.
To follow M in the coming trading sessions, be sure to utilize Zacks.com.
View the Zacks #1 Rank List
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Macy's (M) Ascends While Market Falls: Some Facts to Note
Macy's (M - Free Report) closed the most recent trading day at $22.99, moving +1.41% from the previous trading session. The stock's change was more than the S&P 500's daily loss of 0.06%. Elsewhere, the Dow saw an upswing of 0.38%, while the tech-heavy Nasdaq depreciated by 0.44%.
The department store operator's stock has climbed by 2.67% in the past month, exceeding the Retail-Wholesale sector's gain of 1.66% and the S&P 500's gain of 2.36%.
The investment community will be closely monitoring the performance of Macy's in its forthcoming earnings report. The company is expected to report EPS of -$0.19, down 311.11% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $4.69 billion, showing a 0.54% drop compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates project earnings of $2.34 per share and a revenue of $21.81 billion, demonstrating changes of +0.86% and +0.22%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for Macy's. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
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.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 5.22% upward. Right now, Macy's possesses a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Macy's has a Forward P/E ratio of 9.7 right now. This denotes a discount relative to the industry average Forward P/E of 13.9.
The Retail - Regional Department Stores industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 19, this industry ranks in the top 8% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our 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.
To follow M in the coming trading sessions, be sure to utilize Zacks.com.