Macys, Inc. (NYSE:M) is set to announce second quarter earning results on Wednesday 2nd September 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, M to report 2Q20 loss of $ 1.77 per share.
For the full year, analysts anticipate top line of $ 17199.30 million, while looking forward to loss of $ 4.37 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.
Stock Performance
Shares of Macys, Inc. traded up $ 0.01 or 0.14 percent on Tuesday, reaching $ 6.98 with volume of 17.73 million shares. The stock opened down for the day at $ 6.88, after closing the previous day trading at $ 6.97.
According to the previous trading day, closing price of $ 6.97, representing a 59.13 % increase from the 52 week low of $ 4.38 and a 62.47 % decrease over the 52 week high of $ 18.57.
The company has a market capital of $ 2.17 billion and is part of the Consumer Cyclical sector and Department Stores industry.
Recent Analyst recommendations
- On 22nd July 2020, downgraded by UBS Group to Sell from Neutral rating, with $ 3.00 target price.
- On 6th July 2020, maintained by Morgan Stanley at Underweight rating, with $ 5.00 target price.
Conference Call
Macys, Inc. will be hosting a conference call at 8:00 AM eastern time on 2nd September 2020, to discuss its 2Q20 financial results with the investment community. The participants may dial, 1-888-394-8218, with passcode : 5582978 in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website edge.media-server.com/mmc/p/jphyg5fb
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.
