Unlocking Q4 Potential of Macy's (M): Exploring Wall Street Estimates for Key Metrics

Core Viewpoint - Analysts forecast a significant decline in Macy's quarterly earnings and revenues, indicating potential challenges for the company in the upcoming earnings release [1][4]. Earnings and Revenue Estimates - Macy's is expected to report earnings of $1.55 per share, reflecting a year-over-year decline of 36.7$7.78 billion, showing a decrease of 4.2% compared to the same quarter last year [1]. Revisions and Trends - Over the past 30 days, the consensus EPS estimate has been revised downward by 2.4%, indicating a shift in analysts' expectations [2]. - Changes in earnings estimates are crucial for predicting investor reactions, as there is a strong correlation between these revisions and short-term stock performance [3]. Key Metrics Projections - Analysts project 'Net Sales' to reach $7.77 billion, which represents a year-over-year change of -4.3$210.07 million, indicating a decline of 17.6% from the prior-year quarter [5]. - Revenue from 'Net Sales - Other Revenue - Macy's Media Network' is projected at $67.14 million, reflecting an increase of 11.9% from the previous year [5]. Store Count Estimates - The consensus estimate for 'Store Count - End of Period - Bluemercury' is 169, up from 159 in the same quarter last year [6]. - Analysts predict a consolidated number of stores to be 683, down from 718 in the same quarter last year [6]. Stock Performance - Macy's shares have returned -7.9% over the past month, compared to a -1.3% change in the Zacks S&P 500 composite [6].