Macy's Expects Q2 Adj EPS Between $0.25-$0.33 vs $0.22 Est., Net Sales $4.97B-$5.1B vs $5.08B Est.
Portfolio Pulse from Benzinga Newsdesk
Macy's has provided its Q2 financial outlook, expecting adjusted EPS between $0.25 and $0.33, which is higher than the estimated $0.22. The company also anticipates net sales between $4.97 billion and $5.1 billion, compared to the estimated $5.08 billion.
May 21, 2024 | 12:17 pm
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POSITIVE IMPACT
Macy's has provided a positive Q2 financial outlook, with adjusted EPS expected to be higher than estimates and net sales in line with expectations. This could lead to a short-term increase in stock price.
The higher-than-expected adjusted EPS and net sales in line with estimates indicate strong financial performance, which is likely to positively impact Macy's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100