We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
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) Advances While Market Declines: Some Information for Investors
Read MoreHide Full Article
Macy's (M - Free Report) closed the most recent trading day at $17.30, moving +1.23% from the previous trading session. This change outpaced the S&P 500's 0.5% loss on the day. Meanwhile, the Dow gained 0.5%, and the Nasdaq, a tech-heavy index, lost 1.28%.
Coming into today, shares of the department store operator had lost 6.36% in the past month. In that same time, the Retail-Wholesale sector lost 1.37%, while the S&P 500 gained 0.1%.
The investment community will be paying close attention to the earnings performance of Macy's in its upcoming release. The company is forecasted to report an EPS of $0.30, showcasing a 15.38% upward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $5.04 billion, showing a 1.77% drop compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.79 per share and a revenue of $22.71 billion, representing changes of -20.29% and -1.67%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Macy's. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Macy's is currently a Zacks Rank #2 (Buy).
Investors should also note Macy's's current valuation metrics, including its Forward P/E ratio of 6.12. This signifies a discount in comparison to the average Forward P/E of 11.29 for its industry.
The Retail - Regional Department Stores industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 208, positioning it in the bottom 18% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Macy's (M) Advances While Market Declines: Some Information for Investors
Macy's (M - Free Report) closed the most recent trading day at $17.30, moving +1.23% from the previous trading session. This change outpaced the S&P 500's 0.5% loss on the day. Meanwhile, the Dow gained 0.5%, and the Nasdaq, a tech-heavy index, lost 1.28%.
Coming into today, shares of the department store operator had lost 6.36% in the past month. In that same time, the Retail-Wholesale sector lost 1.37%, while the S&P 500 gained 0.1%.
The investment community will be paying close attention to the earnings performance of Macy's in its upcoming release. The company is forecasted to report an EPS of $0.30, showcasing a 15.38% upward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $5.04 billion, showing a 1.77% drop compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.79 per share and a revenue of $22.71 billion, representing changes of -20.29% and -1.67%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Macy's. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Macy's is currently a Zacks Rank #2 (Buy).
Investors should also note Macy's's current valuation metrics, including its Forward P/E ratio of 6.12. This signifies a discount in comparison to the average Forward P/E of 11.29 for its industry.
The Retail - Regional Department Stores industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 208, positioning it in the bottom 18% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.