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
BIIB Earnings: Biogen Q1 2024 adj. earnings rise despite lower revenues
Biotechnology firm Biogen Inc. (NASDAQ: BIIB) Wednesday reported an increase in adjusted profit for the first quarter of 2024, despite a decline in revenues. Total revenue declined 7% year-over-year to
Hasbro (HAS) Q1 2024 Earnings: Key financials and quarterly highlights
Hasbro, Inc. (NASDAQ: HAS) reported first quarter 2024 earnings results today. Revenues decreased 24% year-over-year to $757.3 million. Net earnings attributable to Hasbro, Inc. were $58.2 million, or $0.42 per
BA Earnings: Highlights of Boeing’s Q1 2024 financial results
The Boeing Company (NYSE: BA) on Wednesday announced financial results for the first quarter of 2024, reporting a narrower net loss, on an adjusted basis. Revenues dropped 8%. Core loss,
