Macy's Earnings Preview: Analysts Expect Higher EPS, Revenue
Macy's (NYSE: M) announces its next round of earnings this Wednesday, November 9, 2011. Get the latest predictions in Benzinga's essential guide to the company's third quarter earnings report.
Earnings and Revenue:
Analysts are predicting an EPS reading of 16 cents/share and revenues of $5.88 billion. Macy's' latest numbers will no doubt be compared with the company's year-ago quarter, when it reported a profit of 8 cents/share on revenues of $5.62 billion. We'll have to wait for Wednesday to see if the company falls in line with analyst expectations and reports an estimated increase in both EPS and revenue from the year-ago quarter.
Here's how the company's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q2 | Q1 | Q4 | Q3 |
| EPS Estimate | $0.47 | $0.18 | $1.51 | $0.03 |
| EPS Actual | $0.55 | $0.30 | $1.59 | $0.08 |
Stock Performance:
At last check, shares of Macy's were trading at $31.47. Since January 1st, shares have given investors a return of 25.6%. For a full 12 months, the return has declined by 1.6%. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release.
- Long-term shareholders are already wary of 12-month losses prior to the announcement
Average Stock Rating:
The average rating by analysts is a Moderate Buy. Over the past three months this rating's strength has declined slightly.
Competitors:
Wondering how Macy's compares to rivals in the same sector? Here are a few of the company's peers.
- Bon-Ton Stores (NASDAQ: BONT): Hold with a -$1.78 recent quarter EPS
- Dillard's (NYSE: DDS): Moderate Buy with a $0.30 recent quarter EPS
- J.C. Penney Company (NYSE: JCP): Hold with a $0.07 recent quarter EPS
- Nordstrom (NYSE: JWN): Moderate Buy with a $0.80 recent quarter EPS
The retail-regional department stores company's industry has seen price/earnings growth of 1.6% during the current fiscal year.
Finally, a description of the company's main areas of operation: Macy's is a retailer that sells apparel and accessories, cosmetics, home furnishings and other consumer goods.
Take Action:
There is your peek into Macy's' upcoming earnings numbers, including some competitors to watch around the time of the announcement. Check back in with us after the announcement for a full recap. In the meantime, here are some links to explore today.
- To see up-to-date news on Macy's, click here
- To see other trading ideas, click here
- To see other company earnings recaps, click here
