Macy's Likely To Report Lower Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
Macy's, Inc. (NYSE:M) is expected to report lower Q1 earnings, with analysts forecasting earnings of 14 cents per share, down from 56 cents per share a year ago, and revenue of $4.85 billion. Recent analyst ratings include a mix of upgrades, downgrades, and price target adjustments.
May 21, 2024 | 6:21 am
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Macy's is expected to report lower Q1 earnings, with analysts forecasting 14 cents per share, down from 56 cents per share a year ago. Revenue is projected at $4.85 billion. Recent analyst ratings show mixed sentiment, with some upgrades and downgrades.
The expected lower earnings per share and mixed analyst ratings suggest a negative short-term impact on Macy's stock price. The downgrade in earnings from 56 cents to 14 cents per share indicates a significant decline in profitability, which is likely to weigh on investor sentiment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100