Macy's Inc reports results for the quarter ended April 30 - Earnings Summary

• Macy's Inc M.N reported quarterly adjusted earnings of 16 cents​​ per share for the quarter ended April 30, lower than the same quarter last year, when the company reported EPS of 27 cents. The mean expectation of eleven analysts for the quarter was for earnings of 14 cents per share. Wall Street expected results to range from 12 cents to 17 cents per share.

• Revenue fell 5.1% to $4.60 billion from a year ago; analysts expected $4.50 billion.

• Macy's Inc's reported EPS for the quarter was 13 cents​.

• The company reported quarterly net income of $38 million.

• Macy's Inc shares had fallen by 4.1% this quarter and lost 28.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 47% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 10 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the department stores peer group is "buy."

• Wall Street's median 12-month price target for Macy's Inc is $12.00

This summary was machine generated from LSEG data May 28 at 01:31 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)