Macy's Inc <M.N> expected to post earnings of $1.53 a share - Earnings Preview

• Macy's Inc M.N, M is expected to show a fall in quarterly revenue when it reports results on March 6 for the period ending January 31 2025

• The New York City-based company is expected to report a 3.1% decrease in revenue to $7.867 billion from $8.12 billion a year ago, according to the mean estimate from 9 analysts, based on LSEG data.The company's guidance on January 13 2025, for the period ended January 31, was for revenue of $7.800 billion. (Majority is on Net Sales basis (excluding Credit Card Revenue))

• ​LSEG's mean analyst estimate for Macy's Inc is for earnings of $1.53 per share. The company's EPS guidance on January 13 2025, for the period ended January 31, was between $1.40 and $1.65

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy," 8 "hold" and 1 "sell" or "strong sell."

• The mean earnings estimate of analysts was unchanged in the last three months. ​

• Wall Street's median 12-month price target for Macy's Inc is $16.00​, above​ its last closing price of $14.01. ​​​

The company's guidance on December 11 2024 for the period ended January 31 was for gross profit margin between USD35.3% and USD35.7%.

Previous quarterly performance (using preferred earnings measure in US dollars). ​

This summary was machine generated March 4 at 14:00 GMT. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)