Wall Street analysts forecast that Macy's (M) will report quarterly earnings of $0.37 per share in its upcoming release, pointing to a year-over-year decline of 9.8%. It is anticipated that revenues will amount to $4.82 billion, exhibiting an increase of 0.2% compared to the year-ago quarter.
The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
In light of this perspective, let's dive into the average estimates of certain Macy's metrics that are commonly tracked and forecasted by Wall Street analysts.
Analysts predict that the 'Revenue- Net Sales' will reach $4.82 billion. The estimate indicates a change of +0.2% from the prior-year quarter.
The consensus estimate for 'Revenue- Other Revenue' stands at $200.24 million. The estimate indicates a year-over-year change of +7.1%.
The collective assessment of analysts points to an estimated 'Revenue- Other Revenue- Credit card revenues, net' of $166.19 million. The estimate suggests a change of +8.6% year over year.
The consensus among analysts is that 'Revenue- Other Revenue- Macy's Media Network revenue, net' will reach $38.34 million. The estimate indicates a change of +12.8% from the prior-year quarter.
Analysts expect 'Revenue- Net Sales- Men?s and Kid's' to come in at $1.03 billion.
It is projected by analysts that the 'Revenue- Net Sales- Women's Apparel' will reach $1.11 billion. The estimate indicates a year-over-year change of +1.2%.
The average prediction of analysts places 'Revenue- Net Sales- Women's Accessories, Shoes, Cosmetics and Fragrances' at $1.97 billion. The estimate indicates a change of +0.6% from the prior-year quarter.
According to the collective judgment of analysts, 'Revenue- Net Sales- Home/Other' should come in at $682.94 million. The estimate points to a change of -7.2% from the year-ago quarter.
Based on the collective assessment of analysts, 'Store Count - Bluemercury (EOP)' should arrive at 171 . The estimate compares to the year-ago value of 173 .
Analysts' assessment points toward 'Store Count - Total Macy's (EOP)' reaching 432 . The estimate compares to the year-ago value of 449 .
Analysts forecast 'Store Count - Consolidated Macy's, Inc. (EOP)' to reach 666 . The estimate compares to the year-ago value of 681 .
View all Key Company Metrics for Macy's here>>>Over the past month, shares of Macy's have returned -10.6% versus the Zacks S&P 500 composite's +2.1% change. Currently, M carries a Zacks Rank #2 (Buy), suggesting that it may outperform. the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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