Macy's Earnings Preview: Analyts Expect Higher Revenue

Macy's M releases its next round of earnings this Wednesday, August 10, 2011. Here's Benzinga's advanced look at Macy's' second quarter earnings report.

Earnings and Revenue:

Wall Street expects an EPS of 47 cents/share and revenues of $5.86 billion. Wall Street will be looking to see how this quarter's numbers compare to the year-ago quarter's positive EPS of 35 cents/share on revenues of $5.54 billion. We'll have to wait for Wednesday to see if Macy's falls in line with analyst expectations and reports an estimated increase in both EPS and revenue from the year-ago quarter.

Here's how the company's reported EPS has stacked up against analyst estimates in the past:

Stock Performance:

At last check, shares of Macy's were trading at $26.13. Since January 1st, shares of Macy's have given investors a return of 3.9%.

Average Stock Rating:

The average rating by analysts for Macy's is a Moderate Buy. Over the past three months this rating's strength has declined slightly.

Competitors:

Looking for a sympathy stock to trade or interested in the performance of other companies in the same sector? Take a look at some of Macy's' peers.

• Bon-Ton Stores (BONT): Hold with a -$1.48 recent quarter EPS
• Dillards (DDS): Moderate Buy with a $1.27 recent quarter EPS
• J.C. Penney Company (JCP): Hold with a $0.28 recent quarter EPS
• Nordstrom (JWN): Hold with a $0.69 recent quarter EPS

The retail-regional department stores company's industry has seen price/earnings growth of 1.5% during the current fiscal year.

Finally, a description of the company's main areas of operation: Macy's is a retailer that sells apparel and accessories, cosmetics, home furnishings and other consumer goods.

Take Action:

Now that you're fully prepared, get ready to take quick action if the company reports any numbers significantly different from those listed above. Also, check back in with us after the announcement for a full recap and what-to-do-next guide.

• To see up-to-date news on Macy's, click here
• To see other trading ideas, click here
• To see other company earnings recaps, click here