M - What to expect from Macy's Q1 earnings

2023-05-31 14:02:53 ET

• Macy's ( NYSE: M ) is scheduled to announce Q1 earnings results on Thursday, June 1st, before market open.
• The consensus EPS Estimate is $0.46 (-57.4% Y/Y) and the consensus Revenue Estimate is $5.06B (-5.4% Y/Y).
• Earnings history : The company's shares got a boost after reporting better-than-expected Q4 earnings results and a strong outlook for FY2023.
• Over the last 2 years, M has beaten EPS estimates 100% of the time and has beaten revenue estimates 100% of the time.
• Over the last 3 months, EPS estimates have seen 0 upward revisions and 10 downward. Revenue estimates have seen 0 upward revisions and 6 downward.
• Stock has underperformed the broader market index and its peers over a period of twelve months.
• " Using a range of FWD P/E multiples, Macy's shares could be undervalued by up to 120% ," says SA contributor Alex Syku.

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