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Macy's (M) Sees a More Significant Dip Than Broader Market: Some Facts to Know
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In the latest close session, Macy's (M - Free Report) was down 2.23% at $24.30. This move lagged the S&P 500's daily loss of 0.35%. Meanwhile, the Dow lost 0.36%, and the Nasdaq, a tech-heavy index, lost 0.39%.
The department store operator's shares have seen an increase of 9.57% over the last month, surpassing the Retail-Wholesale sector's gain of 6.05% and the S&P 500's loss of 2.42%.
The upcoming earnings release of Macy's will be of great interest to investors. In that report, analysts expect Macy's to post earnings of -$0.19 per share. This would mark a year-over-year decline of 311.11%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.7 billion, down 0.36% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2.32 per share and revenue of $21.81 billion. These totals would mark changes of 0% and +0.21%, respectively, from last year.
Investors should also pay attention to any latest changes in analyst estimates for Macy's. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.68% lower within the past month. Right now, Macy's possesses a Zacks Rank of #3 (Hold).
With respect to valuation, Macy's is currently being traded at a Forward P/E ratio of 10.7. This expresses a discount compared to the average Forward P/E of 11.75 of its industry.
The Retail - Regional Department Stores industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 59, finds itself in the top 24% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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
In the latest close session, Macy's (M - Free Report) was down 2.23% at $24.30. This move lagged the S&P 500's daily loss of 0.35%. Meanwhile, the Dow lost 0.36%, and the Nasdaq, a tech-heavy index, lost 0.39%.
The department store operator's shares have seen an increase of 9.57% over the last month, surpassing the Retail-Wholesale sector's gain of 6.05% and the S&P 500's loss of 2.42%.
The upcoming earnings release of Macy's will be of great interest to investors. In that report, analysts expect Macy's to post earnings of -$0.19 per share. This would mark a year-over-year decline of 311.11%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.7 billion, down 0.36% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2.32 per share and revenue of $21.81 billion. These totals would mark changes of 0% and +0.21%, respectively, from last year.
Investors should also pay attention to any latest changes in analyst estimates for Macy's. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.68% lower within the past month. Right now, Macy's possesses a Zacks Rank of #3 (Hold).
With respect to valuation, Macy's is currently being traded at a Forward P/E ratio of 10.7. This expresses a discount compared to the average Forward P/E of 11.75 of its industry.
The Retail - Regional Department Stores industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 59, finds itself in the top 24% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.