Macy's Raises 2024 Adj. EPS Guidance From $2.45-$2.85 To $2.55-$2.90 vs $2.62 Est.
Portfolio Pulse from Benzinga Newsdesk
Macy's has raised its 2024 adjusted EPS guidance from $2.45-$2.85 to $2.55-$2.90, compared to the $2.62 estimate.
May 21, 2024 | 10:57 am
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Macy's has increased its 2024 adjusted EPS guidance to a range of $2.55-$2.90, surpassing the $2.62 estimate. This indicates a positive outlook for the company's financial performance.
The increase in EPS guidance suggests that Macy's expects better-than-anticipated financial performance, which is likely to boost investor confidence and positively impact the stock price in the short term.
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IMPORTANCE 90
RELEVANCE 100