Macys, Inc. (NYSE:M) is reporting first quarter financial results on Wednesday 1st July 2020, before market open.
According to analysts surveyed by Thomson Reuters, M is expected to report 1Q20 loss of $ 2.57 per share from revenue of $ 3675.81 million.
For the full year, analysts anticipate top line of $ 18909.00 million, while looking forward to loss of $ 4.15 per share bottom line.
The Company Outlook
Earnings for 1Q20 are anticipated in a range of $ -2.03 ~ $ -2.03 per share, while revenues are expected in a range of $ 3.02 billion ~ $ 3.02 billion
Full Year 2020 topline are forecasted in a range of$ 23,600.00 million ~ $ 23,900.00 million, where as bottomline are predicted in a range of $ 2.20 ~ $ 2.40 per share
Stock Performance
According to the previous trading day, closing price of M was $ 6.88, representing a 57.08 % increase from the 52 week low of $ 4.38 and a 70.6 % decrease over the 52 week high of $ 23.40.
The company has a market capital of $ 2.13 billion and is part of the Consumer Cyclical sector and Department Stores industry.
Recent Analyst recommendations
On 10th June 2020, maintained by Morgan Stanley at Underweight rating, with $ 6.00 target price.
On 10th June 2020, maintained by Credit Suisse Group at Underperform rating, with $ 6.00 target price.
On 22nd May 2020, maintained by Deutsche Bank at Hold rating, with $ 5.00 target price.
On 21st May 2020, maintained by CFRA at Sell rating, with $ 3.00 target price.
Macys, Inc., an omnichannel retail organization, operates stores, Websites, and mobile applications. The company sells a range of merchandise, including apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods. As of April 1, 2019, it operated approximately 680 department stores under the Macys and Bloomingdales names; and 190 specialty stores, such as Bloomingdales The Outlet, Bluemercury, Macys Backstage, and STORY in 43 states, the District of Columbia, Guam, and Puerto Rico.
