Macy's Q2 EPS $0.26 Beats $0.13 Estimate, Sales $5.13B Beat $5.09B Estimate
Portfolio Pulse from Benzinga Newsdesk
Macy's Q2 earnings per share (EPS) of $0.26 beat the analyst consensus estimate of $0.13 by 100 percent, despite being a 74 percent decrease from the same period last year. The company's quarterly sales of $5.13 billion also beat the analyst consensus estimate of $5.09 billion by 0.79 percent, although this is an 8.39 percent decrease from the same period last year.
August 22, 2023 | 10:55 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Macy's Q2 earnings and sales beat estimates, which could positively impact the stock in the short term, despite year-on-year decreases.
Macy's reported better-than-expected Q2 earnings and sales, which could lead to a positive sentiment among investors and potentially boost the stock price in the short term. However, the year-on-year decreases in both earnings and sales might temper this positive impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100