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Macy's (M) Stock Dips While Market Gains: Key Facts
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In the latest market close, Macy's (M - Free Report) reached $18.82, with a -0.26% movement compared to the previous day. The stock trailed the S&P 500, which registered a daily gain of 1.02%. Elsewhere, the Dow saw an upswing of 1.09%, while the tech-heavy Nasdaq appreciated by 1.18%.
Prior to today's trading, shares of the department store operator had gained 0.75% over the past month. This has lagged the Retail-Wholesale sector's gain of 1.87% and the S&P 500's gain of 4.44% in that time.
The investment community will be closely monitoring the performance of Macy's in its forthcoming earnings report. The company's upcoming EPS is projected at $0.30, signifying a 15.38% increase compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $5.04 billion, down 1.77% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2.79 per share and revenue of $22.71 billion. These totals would mark changes of -20.29% and -1.67%, respectively, from last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts 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 company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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 remained stagnant. Macy's presently features a Zacks Rank of #1 (Strong Buy).
From a valuation perspective, Macy's is currently exchanging hands at a Forward P/E ratio of 6.76. This expresses a discount compared to the average Forward P/E of 12.62 of its industry.
The Retail - Regional Department Stores industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 34, putting it in the top 14% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Macy's (M) Stock Dips While Market Gains: Key Facts
In the latest market close, Macy's (M - Free Report) reached $18.82, with a -0.26% movement compared to the previous day. The stock trailed the S&P 500, which registered a daily gain of 1.02%. Elsewhere, the Dow saw an upswing of 1.09%, while the tech-heavy Nasdaq appreciated by 1.18%.
Prior to today's trading, shares of the department store operator had gained 0.75% over the past month. This has lagged the Retail-Wholesale sector's gain of 1.87% and the S&P 500's gain of 4.44% in that time.
The investment community will be closely monitoring the performance of Macy's in its forthcoming earnings report. The company's upcoming EPS is projected at $0.30, signifying a 15.38% increase compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $5.04 billion, down 1.77% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2.79 per share and revenue of $22.71 billion. These totals would mark changes of -20.29% and -1.67%, respectively, from last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts 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 company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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 remained stagnant. Macy's presently features a Zacks Rank of #1 (Strong Buy).
From a valuation perspective, Macy's is currently exchanging hands at a Forward P/E ratio of 6.76. This expresses a discount compared to the average Forward P/E of 12.62 of its industry.
The Retail - Regional Department Stores industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 34, putting it in the top 14% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.