Withi
Within the newest buying and selling session, Macy’s (M) closed at $17.07, marking a -0.47% transfer from yesterday. This transfer lagged the S&P 500’s day by day acquire of 0.11%. On the identical time, the Dow misplaced 0.09%, and the tech-heavy Nasdaq gained 0.2%.
Coming into in the present day, shares of the division retailer operator had gained 6.39% previously month. In that very same time, the Retail-Wholesale sector gained 2.91%, whereas the S&P 500 gained 3.25%.
M might be seeking to show power because it nears its subsequent earnings launch, which is anticipated to be February 25, 2020. On that day, M is projected to report earnings of $1.93 per share, which might symbolize a year-over-year decline of 29.3%. Our most up-to-date consensus estimate is asking for quarterly income of $8.26 billion, down 2.25% from the year-ago interval.
For the total yr, our Zacks Consensus Estimates are projecting earnings of $2.72 per share and income of $24.49 billion, which might symbolize modifications of -34.93% and -1.94%, respectively, from the prior yr.
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