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Earnings Preview: Macy's (M) Q4 Earnings Expected to Decline
ZACKS· 2025-02-27 16:06
Core Viewpoint - Macy's is anticipated to report a year-over-year decline in earnings and revenues for the quarter ended January 2025, which could significantly influence its stock price depending on how actual results compare to expectations [1][3]. Earnings Expectations - The consensus estimate for Macy's upcoming quarterly earnings is $1.55 per share, reflecting a decline of 36.7% year-over-year. Revenues are projected to be $7.78 billion, down 4.2% from the same quarter last year [3]. - The consensus EPS estimate has been revised 2.35% lower in the last 30 days, indicating a bearish sentiment among analysts regarding the company's earnings prospects [4][10]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that the Most Accurate Estimate for Macy's is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -0.07%, which complicates the prediction of an earnings beat [10][11]. - A positive Earnings ESP is generally a strong predictor of an earnings beat, especially when combined with a favorable Zacks Rank. However, Macy's currently holds a Zacks Rank of 3, making it challenging to predict a positive outcome [8][11]. Historical Performance - In the last reported quarter, Macy's was expected to earn $0.07 per share but only achieved $0.04, resulting in a surprise of -42.86%. Over the past four quarters, the company has beaten consensus EPS estimates three times [12][13]. Conclusion - While Macy's does not appear to be a strong candidate for an earnings beat, investors should consider other factors that may influence stock performance ahead of the earnings release [16].
Macy's (M) Ascends While Market Falls: Some Facts to Note
ZACKS· 2025-02-12 23:50
Group 1: Company Performance - Macy's stock closed at $14.78, reflecting a +0.75% change from the previous session, outperforming the S&P 500's daily loss of 0.27% [1] - Over the past month, Macy's stock has risen by 4.64%, which is below the Retail-Wholesale sector's gain of 8.91% and slightly above the S&P 500's gain of 4.27% [1] Group 2: Earnings Forecast - Macy's is expected to report an EPS of $1.55, indicating a 36.73% decline compared to the same quarter last year [2] - The consensus estimate for Macy's revenue is projected to be $7.79 billion, reflecting a 4.03% decline compared to the corresponding quarter of the previous year [2] Group 3: Analyst Estimates and Market Sentiment - Recent changes to analyst estimates for Macy's suggest shifting dynamics in short-term business patterns, with positive revisions indicating optimism about the company's outlook [3] - The Zacks Rank system, which incorporates estimate changes, provides actionable ratings, with stocks rated 1 historically producing an average annual return of +25% since 1988 [4][5] Group 4: Valuation Metrics - Macy's has a Forward P/E ratio of 6.01, which is a discount compared to the industry average Forward P/E of 9.68 [6] - The Retail - Regional Department Stores industry, part of the Retail-Wholesale sector, holds a Zacks Industry Rank of 225, placing it in the bottom 11% of over 250 industries [6] Group 5: Industry Performance - The Zacks Industry Rank assesses the strength of industry groups, showing that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]
Myriad Uranium Issues Shares under Option to Acquire 100% of the Red Basin Uranium Project in New Mexico, USA
Newsfile· 2025-02-12 00:21
Core Points - Myriad Uranium Corp. has issued 612,164 common shares to FirstAmerican Energy Fuels Ltd. as part of a property option agreement for the Red Basin Uranium Project in New Mexico, covering approximately 1,776 acres [1][2] - The shares were issued at a deemed price of approximately C$0.408 per share, valuing the transaction at C$250,000 based on a 10-day VWAP [2] - Myriad's final obligation to earn a 100% interest in the Project requires conducting a geophysics survey by January 30, 2026 [3] Company Overview - Myriad Uranium Corp. is a uranium exploration company with a 75% earnable interest in the Copper Mountain Uranium Project in Wyoming, having already earned a 50% interest [4] - The Copper Mountain Project has historical uranium deposits and mines, including the Arrowhead Mine, which produced 500,000 lbs of eU3O8 [4] - A recent 34-hole drill program at Copper Mountain encountered significant high-grade uranium mineralization, exceeding expectations and confirming historical exploration results [4]
Myriad Uranium Enters into Option to Acquire 100% of the Red Basin Uranium Project in New Mexico, USA
Newsfile· 2025-02-04 12:30
Core Viewpoint - Myriad Uranium Corp. has entered into an option agreement to acquire 100% interest in the Red Basin Uranium Project in New Mexico, which includes 86 lode claims covering approximately 1,776 acres [1][2][3] Company Overview - Myriad Uranium Corp. is a uranium exploration company with a current 50% interest in the Copper Mountain Uranium Project in Wyoming, which has significant historical resource estimates [14] - The company aims to replicate the success of previous transactions, such as the Copper Mountain deal, by unlocking value in the Red Basin Project [2] Project Details - The Red Basin Project is located in the Datil Mountains - Pietown Uranium District, with historical estimates of 1.5 million to 6.5 million pounds of U3O8 (inferred) [3][8] - The project area has a history of extensive drilling, with 60% of approximately 1,000 boreholes conducted within the lode claims, confirming high-grade uranium-vanadium mineralization of 0.17% - 0.31% U3O8 [3][4] - The mineralization is primarily hosted in roll-front deposits within permeable sandstones, with potential for both open-pit and in-situ leaching extraction methods [7][9] Financial Considerations - The total consideration for the option agreement amounts to C$525,000, which includes an immediate cash payment and share issuance [1][5] - Myriad has already made a non-refundable deposit of C$25,000 and must complete additional cash payments and share issuances to fully exercise the option [5] Exploration Potential - The broader Datil Mountains - Pietown area could contain over 40 million pounds of high-grade uranium, with significant expansion potential identified [4][9] - The project is expected to have relatively easy and inexpensive drilling due to the nature of the rock [2][4] Historical Context - Historical assessments indicate that the Red Basin area may contain as much as 30-45 million pounds of U3O8, with associated vanadium content up to 1.64% V2O5 [9][10] - Previous drilling and evaluations have provided a foundation for the current exploration efforts, although the historical estimates should not be solely relied upon for current resource assessments [10][11]
Myriad Uranium Grants Stock Options and RSUs
Newsfile· 2025-01-29 12:30
Core Points - Myriad Uranium Corp. has granted 225,000 incentive stock options and 1,095,000 restricted share units to its consultants, directors, and officers [1] - Each stock option is exercisable at $0.40 for five years, while the RSUs vest over three years with conditions for accelerated vesting [1] - Myriad holds a 75% interest in the Copper Mountain Uranium Project in Wyoming, having earned a 50% interest to date [2] - The Copper Mountain Project has historical uranium deposits and mines, including the Arrowhead Mine, which produced 500,000 lbs of eU3O8 [2] - A recent drill program at Copper Mountain encountered significant high-grade uranium mineralization, exceeding expectations and verifying historical exploration [2] Company Overview - Myriad Uranium Corp. is focused on uranium exploration and has significant historical resource estimates from previous exploration efforts [2] - The company recently completed a 34-hole maiden drill program that revealed new potential for the Copper Mountain Uranium Project [2] - Union Pacific previously invested C$117 million in exploring and developing the Copper Mountain area, indicating substantial historical interest and investment in the project [2]
Myriad Uranium Announces Resignation of Director
Newsfile· 2025-01-28 12:30
Vancouver, British Columbia--(Newsfile Corp. - January 28, 2025) - Myriad Uranium Corp. (CSE: M) (OTCQB: MYRUF) (FSE: C3Q) ("Myriad" or the "Company") announces that Ian Archbold has assumed a Managing Director role with a global investment management organization and as a result is required to resign from the board of directors of Myriad.Myriad's CEO, Thomas Lamb, commented: "We are grateful to Ian for his many contributions to the Company and wish him the very best."Ian Archbold commented: "As a Director ...
BLOOMINGDALE'S UNVEILS CAROUSEL IN PARTNERSHIP WITH FLAMINGO ESTATE
Prnewswire· 2025-01-23 15:01
The carousel space will be transformed into a pop-up market, bringing California's Flamingo Estate to New York.NEW YORK, Jan. 23, 2025 /PRNewswire/ -- Bloomingdale's announces The Carousel @ Bloomingdale's: Flamingo Estate, bringing the feeling and inspiration from Richard Christiansen's home and garden to life with a pop-up market. The carousel, available at the 59th Street flagship store and online, will feature the very best of Mother Nature, with garden-grown signature goods from the farms and orchards ...
Myriad Uranium Announces Major Expansion of the Copper Mountain Project Area to Lock Up Mineralised Extensions, Historical Resources, and Key Targets
Newsfile· 2025-01-20 12:30
Core Viewpoint - Myriad Uranium Corp. has announced a significant expansion of the Copper Mountain Project Area, increasing its size from approximately 4,200 acres to about 9,320 acres, driven by insights from its 2024 drill program and historical data [1][2]. Expansion Details - The newly-acquired areas include several prospects such as Railroad, Steffen Hill, Cedar Ridge, Mole, West Mesa, and Lucky Cliff, which have historically confirmed uranium mineralization [2]. - Union Pacific estimated that the potential within their existing deposit areas could exceed 65 million pounds (Mlbs) of uranium, while Bendix's assessment suggested the mineral endowment could exceed 200 Mlbs and potentially reach over 600 Mlbs in the greater Copper Mountain district [2][5]. Geological Insights - Newly-acquired areas were previously targeted for uranium mineralization in sandstone, which may be more suitable for in-situ recovery methods [3]. - Geological models indicate that deeper thrust faulting across the Copper Mountain District may have facilitated fluid movement, potentially leading to significant mineralization below previous drilling depths [6][7]. Historical Estimates - Historical estimates suggest a large resource of uranium at Copper Mountain, potentially amounting to several hundred million pounds, based on extensive past exploration [5][12]. - The company acknowledges that these historical estimates should not be unduly relied upon as indicators of current mineral resources or reserves, as they are based on decades-old data [12][13]. Recent Developments - The company has faced delays in chemical assay results due to high radioactivity levels in core and chip samples, necessitating alternative analytical services [8]. - Myriad has engaged VSA Capital for financial advisory services to support its strategic objectives in advancing its portfolio of assets in Wyoming [9][11]. Future Plans - The company plans to conduct new exploration activities in 2025 across the numerous prospects identified at Copper Mountain, each with the potential to yield significant results [7].
Macy's, Inc. Is Being Investigated For Securities Fraud And Affected Investors Are Urged To Contact The Schall Law Firm
ACCESSWIRE Newsroom· 2025-01-17 17:45
Legal Investigation - Macy's Inc is under investigation for securities fraud [1] - Affected investors are encouraged to contact The Schall Law Firm [1]
The Schall Law Firm Invites Shareholders With Losses To Join An Inquiry Into Macy's, Inc. For Securities Law Violations
ACCESSWIRE Newsroom· 2025-01-16 16:15
The Schall Law Firm Invites Shareholders With Losses To Join An Inquiry Into Macy's, Inc. For Securities Law Violations ...