Macy's Gears Up For Q3 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts - Macy's (NYSE:M)

Earnings Report - Macy's, Inc. is set to release its third-quarter earnings results on December 2, with analysts predicting a loss of 13 cents per share compared to a profit of 4 cents per share a year ago [1] - The consensus estimate for Macy's quarterly revenue is $4.56 billion, down from $4.74 billion a year earlier [1] - The company's board declared a regular quarterly dividend of 18.24 cents per share on October 24 [1] Stock Performance - Shares of Macy's fell 0.5% to close at $22.71 [2] Analyst Ratings - UBS analyst Jay Sole maintained a Sell rating and raised the price target from $6.5 to $7 [4] - Telsey Advisory Group analyst Dana Telsey maintained a Market Perform rating and increased the price target from $17 to $22 [4] - Citigroup analyst Paul Lejuez maintained a Neutral rating and raised the price target from $16 to $19 [4] - BTIG analyst Robert Drbul initiated coverage with a Neutral rating [4] - Morgan Stanley analyst Alex Straton maintained an Equal-Weight rating and raised the price target from $12 to $16 [4]