Earnings Outlook For Macy's
Portfolio Pulse from Benzinga Insights
Macy's (NYSE:M) is set to release its latest quarterly earnings report on Tuesday, 2023-08-22. Analysts estimate an earnings per share (EPS) of $0.13. The company's past performance shows a pattern of beating EPS estimates, which often leads to an increase in share price. However, the stock has been down 21.65% over the last 52-week period.
August 21, 2023 | 2:00 pm
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Macy's is expected to report an EPS of $0.13 in its upcoming earnings report. The company's history of beating EPS estimates could potentially lead to a short-term increase in share price, despite a 21.65% decrease over the last 52 weeks.
The upcoming earnings report is highly relevant to Macy's stock. While the company's history of beating EPS estimates could lead to a short-term increase in share price, the overall negative trend over the past year may temper investor enthusiasm. Therefore, the short-term impact is neutral.
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