• Macy's Inc M.N, M is expected to show a fall in quarterly revenue when it reports results on December 11 for the period ending October 31 2024

• The New York City-based company is expected to report a 1.7% decrease in revenue to $4.778 billion from $4.86 billion a year ago, according to the mean estimate from 10 analysts, based on LSEG data.The company's guidance on August 21 2024, for the period ended October 31, was for revenue between $4.70 billion and $4.82 billion. (Majority is on Net Sales basis (excluding Credit Card Revenue))

• ​LSEG's mean analyst estimate for Macy's Inc is for earnings of 2 cents per share. The company's EPS guidance on August 21 2024, for the period ended October 31, was between $-0.04 and $0.01

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy," 10 "hold" and 1 "sell" or "strong sell."

• The mean earnings estimate of analysts was unchanged in the last three months. ​

• Wall Street's median 12-month price target for Macy's Inc is $17.00​, above​ its last closing price of $16.43. ​​​

The company's guidance on August 21 2024 for the period ended October 31 was for gross profit margin between USD40.3% and USD40.5%.

Previous quarterly performance (using preferred earnings measure in US dollars). ​

This summary was machine generated December 9 at 13:34 GMT. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)