Macy's Earnings Preview

On Wednesday, September 02, Macy's M will release its latest earnings report. Benzinga's outlook for Macy's is included in the following report.

Earnings and Revenue

Analysts are expecting Macy's to report a loss of $1.77 per share. Revenue will likely be around $3.47 billion, according to the consensus estimate. Macy's reported a per-share profit of $0.28 when it published results during the same quarter last year. Sales in that period totaled $5.55 billion. If the company were to report in-line earnings when it publishes results Wednesday, earnings would be down 732.14%. Here's how the company's reported EPS has stacked up against analyst estimates in the past:

Stock Performance

Over the past 52-week period, shares of Macy's have declined 53.99%. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release.

Don't be surprised to see the stock move on comments made during its conference call. Macy's is scheduled to hold the call at 08:00:00 ET and can be accessed here: https://edge.media-server.com/mmc/p/jphyg5fb