Macy's (NYSE: M ) is expected to report Q3 earnings on Nov. 7. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Macy's revenues will increase 3.4% and EPS will decrease -9.4%.
The average estimate for revenue is $6.05 billion. On the bottom line, the average EPS estimate is $0.29.
Last quarter, Macy's recorded revenue of $6.12 billion. GAAP reported sales were 3.0% higher than the prior-year quarter's $5.94 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $0.67. GAAP EPS of $0.67 for Q2 were 22% higher than the prior-year quarter's $0.55 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 41.9%, 10 basis points better than the prior-year quarter. Operating margin was 9.1%, 60 basis points better than the prior-year quarter. Net margin was 4.6%, 50 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $27.69 billion. The average EPS estimate is $3.39.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 516 members out of 810 rating the stock outperform, and 294 members rating it underperform. Among 212 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 160 give Macy's a green thumbs-up, and 52 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Macy's is outperform, with an average price target of $42.47.
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