Macy's (M) closed at $22.58 in the latest trading session, marking a -3.5% move from the prior day. The stock trailed the S&P 500, which registered a daily loss of 0.87%. At the same time, the Dow lost 1.32%, and the tech-heavy Nasdaq lost 1%.
Prior to today's trading, shares of the department store operator had lost 3.82% lagged the Retail-Wholesale sector's gain of 3.8% and the S&P 500's gain of 3.48%.
Investors will be eagerly watching for the performance of Macy's in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on September 10, 2026. The company is expected to report EPS of $0.35, down 14.63% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $4.82 billion, up 0.16% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.22 per share and a revenue of $21.77 billion, indicating changes of -4.31% and +0.05%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates for Macy's. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 1.37% higher. As of now, Macy's holds a Zacks Rank of #2 (Buy).
From a valuation perspective, Macy's is currently exchanging hands at a Forward P/E ratio of 10.53. This denotes a discount relative to the industry average Forward P/E of 15.4.
The Retail - Regional Department Stores industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 21, positioning it in the top 9% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Macy's, Inc. (M): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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