Macy's Higher Ahead Of Q4 Report

Macy's, Inc. M shares are trading higher by $0.70 at $40.93 in Monday's session. Before the opening bell on Tuesday, the company will report Q4 results. The Street estimates stand for EPS at $1.88 on $8.83 billion in revenues. The issue, which ended 2015 at $34.98, is higher by 17 percent for the year. It's within striking distance of its rebound-high off the lows that was made on February 3 at $41.93, when it reached $41.71 earlier in today's session. Macy's made its all-time high last July, when it peaked at $73.61, and revisited levels not seen since July 2012, when it bottomed in December at $34.05.