Macy's (NYSE: M ) is expected to report Q1 earnings on May 15. 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 grow 4.2% and EPS will grow 23.3%.
The average estimate for revenue is $6.40 billion. On the bottom line, the average EPS estimate is $0.53.
Last quarter, Macy's notched revenue of $9.35 billion. GAAP reported sales were 7.2% higher than the prior-year quarter's $8.72 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $2.05. GAAP EPS of $1.83 for Q4 were 4.6% higher than the prior-year quarter's $1.75 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 40.6%, 40 basis points worse than the prior-year quarter. Operating margin was 14.9%, 50 basis points better than the prior-year quarter. Net margin was 7.8%, 70 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $28.37 billion. The average EPS estimate is $3.91.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 530 members out of 826 rating the stock outperform, and 296 members rating it underperform. Among 221 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 178 give Macy's a green thumbs-up, and 43 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 $44.18.
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