Macy’s Earnings Preview: Can This Streak Continue?

Macy’s (NYSE:M) will report earnings before markets open on Wednesday, May 15th. Macy’s, Inc. operates department stores in the United States. The Company also operates direct mail catalog and electronic commerce subsidiaries. Macy’s retail stores sell a wide range of merchandise, including men’s, women’s and children’s apparel and accessories, cosmetics, home furnishings and other consumer goods.

Here is your Cheat Sheet to Macy’s Earnings:

Earnings Expectations: Analysts expect earnings of $0.53 per share on revenues of $6.41 billion. Currently, the company’s P/E ratio stands at 14.40.

Analyst Trends:

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.79 to a profit $0.78. For the current year, the average estimate is a profit of $3.91, which is better than the estimate ninety days ago.

Earnings Trends:

Here’s how Macy’s has been performing on an annual basis:

Fiscal Year 2009 2010 2011 2012 2013
Revenue ($) in millions 24,890 23,490 25,000 26,400 27,690
Diluted EPS ($) -11.40 0.78 1.98 2.92 3.24

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Jan. 31, 2012 Apr. 30, 2012 Jul. 31, 2012 Oct. 31, 2012 Jan. 31, 2013
Revenue ($) in millions 8,724 6,143 6,118 6,075 9,350
Diluted EPS ($) 1.753 0.43 0.67 0.36 1.828

Past Performance:
Macy’s has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!

(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]