Macy's Gears Up For Q3 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Macy’s, Inc. (NYSE:M) will release earnings results for the third quarter before the opening bell on Wednesday, Dec. 3.

Analysts expect the New York-based company to report quarterly loss at 13 cents per share, versus a year-ago profit of 4 cents per share. The consensus estimate for Macy’s quarterly revenue is $4.56 billion, compared to $4.74 billion a year earlier, according to data from Benzinga Pro.

On Oct. 24, the company's board of directors declared a regular quarterly dividend of 18.24 cents per share.

Shares of Macy’s fell 0.5% to close at $22.71 on Tuesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

• UBS analyst Jay Sole maintained a Sell rating and raised the price target from $6.5 to $7 on Dec. 1, 2025. This analyst has an accuracy rate of 68%.
• Telsey Advisory Group analyst Dana Telsey maintained a Market Perform rating and boosted the price target from $17 to $22 on Nov. 28, 2025. This analyst has an accuracy rate of 62%.
• Citigroup analyst Paul Lejuez maintained a Neutral rating and raised the price target from $16 to $19 on Nov. 19, 2025. This analyst has an accuracy rate of 65%.
• BTIG analyst Robert Drbul initiated coverage on the stock with a Neutral rating on Oct. 15, 2025. This analyst has an accuracy rate of 64%.
• Morgan Stanley analyst Alex Straton maintained an Equal-Weight rating and raised the price target from $12 to $16 on Sept. 18, 2025. This analyst has an accuracy rate of 65%

Considering buying M stock? Here’s what analysts think:

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