Macy's M announces its next round of earnings this Wednesday, August 14. Here is Benzinga's everything-that-matters guide for the Q2 earnings announcement.
Earnings and Revenue
Wall Street analysts see Macy's reporting earnings of 46 cents per share on sales of $5.55 billion.
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Macy's EPS in the same period a year ago totaled 70 cents. Sales were $5.57 billion. If the company were to post earnings inline with the consensus estimate when it reports Wednesday, EPS would be down 34.29%. Revenue would be down 0.39% from the same quarter last year. In comparison to analyst estimates in the past, here's how the company's reported EPS stacks up:
| Quarter | Q1 2019 | Q4 2018 | Q3 2018 | Q2 2018 |
| EPS Estimate | 0.330 | 2.53 | 0.14 | 0.5 |
| EPS Actual | 0.440 | 2.73 | 0.27 | 0.7 |
Stock Performance
Shares of Macy's were trading at $19.41 at time of publication. Over the last 52-week period, shares are down 51.76%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release.
Analyst estimates are adjusted lower for EPS and revenues over the past 90 days. Analysts seem to have settled on a Neutral rating with Macy's. The strength of this rating has maintained conviction over the past three months.
Conference Call
Macy's is scheduled to hold a conference call at 9:30 a.m. ET and can be accessed here: https://www.macysinc.com/investors/news-events/ir-calendar/detail/5624/q2-2019-macys-inc-earnings-conference-call
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