Macy's Earnings Preview
Portfolio Pulse from Benzinga Insights
Macy's (NYSE:M) is scheduled to release its quarterly earnings report on Thursday, 2023-11-16, with analysts expecting an EPS of $0.02. Investors are looking for an earnings beat and positive guidance for the next quarter. Macy's has a history of mixed post-earnings stock performance, with shares currently down 47.55% over the last 52 weeks. The stock was trading at $11.73 as of November 14.
November 15, 2023 | 2:00 pm
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Macy's is anticipated to report an EPS of $0.02 for the upcoming quarter. Historical data shows mixed stock price reactions to past earnings reports. Shares have significantly declined over the past year.
The expected EPS is low, indicating potential challenges but also a low bar for an earnings beat. Historical performance shows that the stock price does not consistently react positively to earnings beats, and the long-term downward trend may temper any positive short-term impact from the earnings report. The stock's reaction will likely hinge on the forward guidance provided.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100