Macy's Sees FY23 Adjusted EPS Of $2.88-$3.13 Versus Prior Guidance Of $2.70-$3.20 And Consensus Of $2.78
Portfolio Pulse from Benzinga Newsdesk
Macy's has updated its FY23 adjusted EPS guidance to $2.88-$3.13, a change from its previous guidance of $2.70-$3.20. This new guidance is above the consensus estimate of $2.78.
November 16, 2023 | 12:02 pm
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Macy's has raised its FY23 adjusted EPS guidance, which is now above the consensus estimates, indicating a potentially stronger financial performance.
Macy's updated EPS guidance suggests that the company is performing better than previously expected, which could lead to increased investor confidence and a potential rise in the stock price in the short term. The new guidance range's lower end is above the consensus estimate, which is a bullish signal for the stock.
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