Macy’s Earnings Preview: Can This Streak Continue?
Macy’s (NYSE:M) will report earnings before markets open on Wednesday, May 15th. Macy’s, Inc. operates department stores in the United States. The Company also operates direct mail catalog and electronic commerce subsidiaries. Macy’s retail stores sell a wide range of merchandise, including men’s, women’s and children’s apparel and accessories, cosmetics, home furnishings and other consumer goods.
Here is your Cheat Sheet to Macy’s Earnings:
Earnings Expectations: Analysts expect earnings of $0.53 per share on revenues of $6.41 billion. Currently, the company’s P/E ratio stands at 14.40.
Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.79 to a profit $0.78. For the current year, the average estimate is a profit of $3.91, which is better than the estimate ninety days ago.
Here’s how Macy’s has been performing on an annual basis:
|Revenue ($) in millions||24,890||23,490||25,000||26,400||27,690|
|Diluted EPS ($)||-11.40||0.78||1.98||2.92||3.24|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Jan. 31, 2012||Apr. 30, 2012||Jul. 31, 2012||Oct. 31, 2012||Jan. 31, 2013|
|Revenue ($) in millions||8,724||6,143||6,118||6,075||9,350|
|Diluted EPS ($)||1.753||0.43||0.67||0.36||1.828|
Macy’s has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)