PREVIEW: Macy's seen reporting decrease in qtrly rev in results due Wed

Macy's

02/12/2025 20:57

** Shares of Macy's M.N are down 0.4% on Tues afternoon, with the department store retailer seen reporting a decrease in yr-over-yr rev in qtrly results due before the bell on Wed

** Analysts expect Q3 rev of $4.62 bln vs $4.74 bln in the yr-ago period and a loss of 14c/shr vs adj EPS of 4c in the yr-ago period, according to LSEG

** Investors will be eager to hear any details from Macy's about the start of the holiday shopping period

** An Adobe Analytics report on Tues said total online sales across the board during the so-called Cyber Week - the five days from Thanksgiving to Cyber Monday - signalled a strong U.S. holiday season

** Macy's median 12-mo PT is $17.00; the stock was last at $22.74

** Macy's in September raised its annual sales and profit forecasts

** Analyst recommendations on M include one "strong buy" rating, one "buy" rating, 10 "hold" ratings and one "sell" rating, per LSEG

** M is up 34.5% YTD compared with a roughly 16% gain in the S&P 500 .SPX in that period

 (Reporting by Caroline Valetkevitch)

 ((caroline.valetkevitch@thomsonreuters.com))