Macy's Inc reports results for the quarter ended January 31 - Earnings Summary

• Macy's Inc M.N reported quarterly adjusted earnings of $1.80​​ per share for the quarter ended January 31, lower than the same quarter last year, when the company reported EPS of $2.45. The mean expectation of ten analysts for the quarter was for earnings of $1.53 per share. Wall Street expected results to range from $1.50 to $1.57 per share.

• Revenue fell 4.3% to $7.77 billion from a year ago; analysts expected $7.87 billion.

• Macy's Inc's reported EPS for the quarter was $1.21​.

• The company reported quarterly net income of $342 million.

• Macy's Inc shares had fallen by 21.4% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 18.2% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• 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 average consensus recommendation for the department stores peer group is also "hold"

Wall Street's median 12-month price target for Macy's Inc is $16.00

This summary was machine generated from LSEG data March 6 at 02:31 p.m. UTC. ​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)