Macys, Inc. (NYSE:M) is set to announce third quarter earning results on Thursday 19th November 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, M to report 3Q20 loss of $ 0.79 per share.
For the full year, analysts anticipate top line of $ 16833.20 million, while looking forward to loss of $ 3.61 per share bottom line.
The Company Outlook
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
Click Here For More Historical Outlooks Of Macys, Inc.
Previous Quarter Performance
Macys, Inc. revealed loss for the second quarter of $ 0.81 per share, from the revenue of $ 3,559.00 million. The quarterly revenues dropped 35.83 percent compared with the same quarter last year. Wall street analysts are predicting, M to report 2Q20 loss of $ 1.77 per share from revenue of $ 3474.77 million. The bottom line results beat street analysts by $ 0.96 or 54.24 percent, at the same time, top line results outshined analysts by $ 84.23 million or 2.42 percent.
Stock Performance
Shares of Macys, Inc. traded up $ 0.19 or 2.16 percent on Wednesday, reaching $ 8.99 with volume of 48.30 million shares. Macys, Inc. has traded high as $ 9.26 and has cracked $ 8.69 on the downward trend
According to the previous trading day, closing price of $ 8.99, representing a 100.91 % increase from the 52 week low of $ 4.38 and a 52.61 % decrease over the 52 week high of $ 18.57.
The company has a market capital of $ 2.79 billion and is part of the Consumer Cyclical sector and Department Stores industry.
Conference Call
Macys, Inc. will be hosting a conference call at 8:00 AM eastern time on 19th November 2020, to discuss its 3Q20 financial results with the investment community. The participants may dial, 1-888-394-8218 (United States), with passcode : 9984154 in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website www.macysinc.com
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.
