Macy's (M) Q1 Earnings on the Horizon: Analysts' Insights on Key Performance Measures

Core Viewpoint - Analysts project that Macy's will report a quarterly earnings of $0.14 per share, reflecting a 48.2% decline year over year, with revenues expected to be$ 4.46 billion, down 8% from the same quarter last year [1]. Earnings Estimates - The consensus EPS estimate has been revised downward by 3.7% over the past 30 days, indicating a collective reassessment by analysts [2]. - Changes in earnings estimates are crucial for predicting investor reactions, as empirical studies show a strong correlation between earnings estimate revisions and short-term stock price performance [3]. Key Metrics Projections - Analysts estimate 'Net Sales' to reach $4.45 billion, representing an 8.1% decline from the previous year [5]. - 'Net Sales - Other Revenue' is projected at$ 177.43 million, indicating a year-over-year increase of 15.2% [5]. - 'Net Sales - Other Revenue - Macy's Media Network revenue, net' is expected to be $43.74 million, reflecting an 18.2% increase from the year-ago quarter [5]. Store Count Projections - Analysts forecast 'Store Count - End of Period - Bluemercury' to be 173, up from 158 in the same quarter last year [6]. - 'Macy's Stores - Boxes (EOP)' is expected to reach 452, down from 503 in the same quarter last year [6]. - The average prediction for 'Consolidated Number of stores' is 687, compared to 718 a year ago [6]. Stock Performance - Over the past month, Macy's shares have returned +8.2%, while the Zacks S&P 500 composite has changed +10.7% [7]. - Macy's currently holds a Zacks Rank 4 (Sell), suggesting potential underperformance relative to the overall market in the near future [7].