Macy’s Inc. Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Macy’s, Inc. (NYSE:M) will unveil its latest earnings on Tuesday, February 21, 2012. Macy’s is a retailer that sells apparel and accessories, cosmetics, home furnishings and other consumer goods.

Macy’s, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of $1.65 per share, a rise of 3.8% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from $1.61. Between one and three months ago, the average estimate moved up. It has risen from $1.62 during the last month. For the year, analysts are projecting net income of $2.82 per share, a rise of 33.6% from last year.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 16 cents, reporting profit of 32 cents per share against a mean estimate of net income of 16 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $8.69 billion in revenue this quarter, a rise of 5.1% from the year-ago quarter. Analysts are forecasting total revenue of $26.39 billion for the year, a rise of 5.6% from last year’s revenue of $25 billion.

Analyst Ratings: Analysts are optimistic about this stock, with 10 analysts rating it as a buy, none rating it as a sell and four rating it as a hold.

A Look Back: In the third quarter, profit rose 1290% to $139 million (32 cents a share) from $10 million (2 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 4.1% to $5.85 billion from $5.62 billion.

Key Stats:

The company’s net income rise has increased in each of the last three quarters. Net income rose 63.9% in the second quarter and more than fivefold in the first quarter.

Revenue has increased in each of the past four quarters. Revenue rose 7.3% in the second quarter from the year earlier, climbed 5.7% in the first quarter from the year-ago quarter and 5.4% in the fourth quarter of the last fiscal year.

Stock Price Performance: Between November 17, 2011 and February 15, 2012, the stock price rose $4.64 (15.3%), from $30.33 to $34.97. The stock price saw one of its best stretches over the last year between October 5, 2011 and October 12, 2011, when shares rose for six straight days, increasing 8.6% (+$2.24) over that span. It saw one of its worst periods between July 22, 2011 and July 29, 2011 when shares fell for six straight days, dropping 5.3% (-$1.62) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com