Department store giant Macy’s Inc (M) might post a slip in earnings for the third quarter as it posts earnings on Wednesday, Nov 14, before the opening bell.
The Street expects earnings to fall 43.5% to $0.13 per share for the quarter on revenue of $5.44 billion. Investors might react positively to the stock if it beats estimates, but shares might get battered if Macy’s fails to meet analysts’ view.
Business conditions would be a focus on the earnings call this time around, however, there are lower chances of a positive EPS surprise.
Last quarter, Macy’s stock got battered even after earnings of $0.53 per share beat estimates. The company earned $166 million on a top-line of $5.57 billion in Q2.
Back in August, Macy’s also revised its fiscal 2018 guidance for full-year with adjusted diluted EPS of $3.95-4.15 on a total sales growth from flat to a 0.7% higher. Comparable sales growth on an owned plus licensed basis is touted to lie between 2.1% and 2.5%.
Get access to timely and accurate verbatim transcripts that are published within hours of the event
Most Popular
V Earnings: Key quarterly highlights from Visa’s Q1 2023 financial results
Visa Inc. (NYSE: V) reported first quarter 2023 earnings results today. Net revenues grew 12% year-over-year to $7.9 billion. GAAP net income rose 6% to $4.2 billion while EPS grew
Earnings: Highlights of Intel’s (INTC) Q4 2022 financial results
Intel Corporation (NASDAQ: INTC) Thursday reported a decline in adjusted earnings and revenues for the fourth quarter. The semiconductor giant also provided guidance for the first quarter of 2023. Fourth-quarter
McCormick (MKC) expects to drive sales growth in 2023 through pricing actions and cost savings
Shares of McCormick & Company Inc. (NYSE: MKC) were down over 5% on Thursday after the company missed expectations on its fourth quarter 2022 results and provided a lower-than-expected earnings
