Macy's Stock Plunges 5.3%, Analysts Forecast EPS Decline
Macy's shares tumbled 5.33% to $21.49, underperforming the S&P 500’s 0.47% gain and declining 2.03% over the past month versus the sector’s 1.03% drop. Analysts forecast next-quarter EPS of $1.55 (-13.9% yoy) on $7.52 billion revenue (-3.1% yoy), with full-year EPS of $2.20 and $21.65 billion revenue.
1. Intraday Stock Performance
Macy’s stock closed at $21.49, down 5.33% on the day, lagging the S&P 500’s 0.47% gain. Over the past month, shares have fallen 2.03%, trailing the Retail-Wholesale sector’s 1.03% loss and the S&P 500’s 0.16% decline.
2. Q1 and Full-Year Forecasts
Analysts expect first-quarter EPS of $1.55, a 13.9% drop year-over-year, on revenue of $7.52 billion, down 3.1% from last year. For the full fiscal year, consensus forecasts call for EPS of $2.20 (-16.7% yoy) and revenue of $21.65 billion (-2.9% yoy).
3. Valuation and Analyst Sentiment
Macy’s trades at a forward P/E of 10.13, versus a 14.09 industry average, indicating a valuation discount. The consensus EPS estimate has risen 0.6% over the past month, and Macy’s holds a neutral analyst rating reflecting mixed near-term outlook.