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%.
The Home Depot, Inc. (NYSE: HD) reported first-quarter 2021 earnings results today. Net sales increased 32.7% year-over-year to $37.5 billion. Comparable sales were a positive 31%. Net income was $4.1
Benchmark stock indexes pared their recent gains early this week amid elevated inflation concerns, but regained a part of the momentum later aided by recovery in tech stocks. The Dow
Shares of Alibaba Group (NYSE: BABA) have dropped 10% since the beginning of the year. The company reported mixed results for the fourth quarter of 2021 a day ago, with