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Benzinga
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Macy's Gears Up For Q2 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

1. Macy's earnings expected to drop significantly; 19 cents per share predicted. 2. Revenue forecast at $4.7 billion, down from $4.94 billion last year. 3. Quarterly dividend declared at 18.24 cents per share on August 22. 4. Analysts maintain neutral ratings; varying price targets from $11 to $16. 5. Shares rose 2% to $13.49 in a recent trading session.

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FAQ

Why Bearish?

Macy's expected earnings and revenue decline indicate weakening performance. Historically, similar declines have led to stock price reductions.

How important is it?

The significant drop in expected earnings and revenue risks negative investor sentiment. Immediate focus on earnings often affects stock prices sharply.

Why Short Term?

Earnings reports typically influence stocks immediately; investors react to results quickly. Recent earnings results have historically caused volatility in share prices.

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