Top Wall Street Forecasters Revamp Macy's Expectations Ahead Of Q1 Earnings
1. Macy's Q1 earnings expected at 15 cents, down from 27 cents last year. 2. Projected revenue is $4.43 billion, lower than last year's $4.85 billion. 3. Company declared a quarterly dividend of 18.24 cents per share. 4. Recent analyst ratings mostly maintain neutral outlooks with lowered price targets. 5. Shares rose 4.1% to close at $12.04 on the day of the article.