Macy's Q4 2024 Adj EPS $2.45 Beats $1.96 Estimate, Sales $8.12B Miss $8.15B Estimate
Portfolio Pulse from Benzinga Newsdesk
Macy's reported Q4 2024 adjusted earnings per share of $2.45, surpassing the $1.96 estimate by 25%. However, their sales of $8.10 billion fell short of the $8.15 billion estimate by 0.62%.
February 27, 2024 | 11:56 am
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Macy's Q4 2024 earnings exceeded expectations with an EPS of $2.45, but sales slightly missed estimates.
The positive earnings surprise of 25% is likely to positively impact Macy's stock price in the short term, despite the slight miss in sales. Investors typically react favorably to earnings beats, which can drive up the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100