Macy's Q4 EPS Seen 13.9% Lower, Shares Dip 2.5% to $20.30
Macy's shares fell 2.54% to $20.30 while the S&P 500 rose 0.81%, yet they’re up 2.21% over one month versus the sector’s 4.99% slump. Analysts expect Q4 EPS of $1.55 (–13.9%) on $7.52 B (–3.1% YoY), and Macy’s trades at 9.3x forward P/E versus 13.5x industry average.
1. Share Price Performance
Macy's shares closed at $20.30, down 2.54% on the session, underperforming the S&P 500’s 0.81% gain. Over the past month, Macy’s is up 2.21% while the Retail-Wholesale sector has fallen 4.99%, reflecting mixed investor sentiment on department stores.
2. Earnings Forecasts
For Q4, analysts project earnings of $1.55 per share, a 13.9% year-over-year decline, on revenue of $7.52 billion, down 3.1%. Full-year estimates call for $2.20 EPS, a 16.7% drop, on $21.65 billion in sales, down 2.9% from the prior year.
3. Valuation Comparison
Macy’s trades at a 9.3x forward price-to-earnings ratio, offering a discount to the 13.5x average of industry peers. This gap highlights investor caution despite the company’s relatively stable month-to-date performance.