PREVIEW: Macy's seen reporting decrease in qtrly rev in results due Wed

Shares of Macy's M.N are down 0.4% on Tues afternoon, with the department store retailer seen reporting a decrease in yr-over-yr rev in qtrly results due before the bell on Wed

Analysts expect Q3 rev of $4.62 bln vs $4.74 bln in the yr-ago period and a loss of 14c/shr vs adj EPS of 4c in the yr-ago period, according to LSEG

Investors will be eager to hear any details from Macy's about the start of the holiday shopping period

An Adobe Analytics report on Tues said total online sales across the board during the so-called Cyber Week - the five days from Thanksgiving to Cyber Monday - signalled a strong U.S. holiday season

Macy's median 12-mo PT is $17.00; the stock was last at $22.74

Macy's in September raised its annual sales and profit forecasts

Analyst recommendations on M include one "strong buy" rating, one "buy" rating, 10 "hold" ratings and one "sell" rating, per LSEG

M is up 34.5% YTD compared with a roughly 16% gain in the S&P 500 .SPX in that period