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- Macy's, Inc. (NYSE: M) will announce its third-quarter financial results before the market opens on Wednesday.
- NetEase Inc (ADR) (NASDAQ: NTES) will report its third-quarter earnings on Wednesday after the closing bell.
- While Macy’s is expected to deliver a year-over-year decline in earnings of roughly 13 percent, NetEase is anticipated to post an increase of more than 24 percent.
Macy’s
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According to Estimize, the Street is expecting Macy’s to report earnings of $0.53 per share on revenue of $6.155 billion, while the crowd is projecting consensus earnings of $0.52 per share on sales of $6.141 billion.
These estimates imply a decline from the earnings of $0.61 per share on revenue of $6.195 billion retrieved a year ago.
The second chart illustrates the evolution of sentiment over time. The crowd has become increasingly bearish on earnings as the call date got closer. The Street’s sentiment was falling over the quarter, bottomed in early-October, and then started to recuperate heading into the report.
NetEase
NetEase is expected to deliver a double-digit increase in earnings, from $1.44 per share (on revenue of $507.78 million) reported a year ago, to $1.79 per share (on revenue of $891.4 million) this year.
The crowd is even more bullish, and is modeling earnings of $1.81 per share on revenue of $896.99 million.
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.