Macy's (M) Ascends While Market Falls: Some Facts to Note

Group 1: Company Performance - Macy's stock closed at $14.78, reflecting a +0.75% change from the previous session, outperforming the S&P 500's daily loss of 0.27% [1] - Over the past month, Macy's stock has risen by 4.64%, which is below the Retail-Wholesale sector's gain of 8.91% and slightly above the S&P 500's gain of 4.27% [1] Group 2: Earnings Forecast - Macy's is expected to report an EPS of$ 1.55, indicating a 36.73% decline compared to the same quarter last year [2] - The consensus estimate for Macy's revenue is projected to be $7.79 billion, reflecting a 4.03% decline compared to the corresponding quarter of the previous year [2] Group 3: Analyst Estimates and Market Sentiment - Recent changes to analyst estimates for Macy's suggest shifting dynamics in short-term business patterns, with positive revisions indicating optimism about the company's outlook [3] - The Zacks Rank system, which incorporates estimate changes, provides actionable ratings, with stocks rated 1 historically producing an average annual return of +25% since 1988 [4][5] Group 4: Valuation Metrics - Macy's has a Forward P/E ratio of 6.01, which is a discount compared to the industry average Forward P/E of 9.68 [6] - The Retail - Regional Department Stores industry, part of the Retail-Wholesale sector, holds a Zacks Industry Rank of 225, placing it in the bottom 11% of over 250 industries [6] Group 5: Industry Performance - The Zacks Industry Rank assesses the strength of industry groups, showing that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]