• Macy's Inc M.N reported quarterly adjusted earnings of 4 cents​​ per share for the quarter ended October 31, lower than the same quarter last year, when the company reported EPS of 21 cents. The mean expectation of eleven analysts for the quarter was for earnings of 2 cents per share. Wall Street expected results to range from -4 cents to 11 cents per share.

• Revenue fell 2.4% to $4.74 billion from a year ago; analysts expected $4.78 billion.

• Macy's Inc's reported EPS for the quarter was 10 cents​.

• The company reported quarterly net income of $28 million.

• Macy's Inc shares had risen by 6.6% this quarter and lost 16.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 967.7% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• 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 average consensus recommendation for the department stores peer group is also "hold"

Wall Street's median 12-month price target for Macy's Inc is $17.00

This summary was machine generated from LSEG data December 11 at 02:30 p.m. UTC. ​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)