Macy’s Inc. Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Macy’s Inc. (NYSE:M) will unveil its latest earnings on Wednesday, August 10, 2011. Macy’s, Inc. 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 net income of 47 cents per share, a rise of 34.3% 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 42 cents. Between one and three months ago, the average estimate moved up, and has risen from 44 cents during the last month. For the year, analysts are projecting profit of $2.54 per share, a rise of 20.4% 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 12 cents, reporting net income of 30 cents per share against a mean estimate of profit of 18 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $5.86 billion in revenue this quarter, a rise of 5.8% from the year ago quarter. Analysts are forecasting total revenue of $26.19 billion for the year, a rise of 4.8% from last year’s revenue of $25 billion.

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

Key Stats:

Revenue has risen the past four quarters. Revenue increased 5.7% to $5.89 billion in first quarter. The figure rose 5.4% in the fourth quarter of the last fiscal year from the year earlier, climbed 6.6% in the third quarter of the last fiscal year from the year-ago quarter and 7.2% in the second quarter of the last fiscal year.

Competitors to Watch: Saks Incorporated (NYSE:SKS), J.C. Penney Company, Inc. (NYSE:JCP), Kohl’s Corporation (NYSE:KSS), Nordstrom, Inc. (NYSE:JWN), Dillard’s, Inc. (NYSE:DDS), Sears Holdings Corporation (NASDAQ:SHLD), The Bon-Ton Stores, Inc. (NASDAQ:BONT), Target Corporation (NYSE:TGT), Wal-Mart Stores, Inc. (NYSE:WMT), and The TJX Companies, Inc. (NYSE:TJX).

Stock Price Performance: During July 7, 2011 to August 4, 2011, the stock price had dropped $4.33 (-14.2%) from $30.46 to $26.13. The stock price saw one of its best stretches over the last year between October 22, 2010 and November 2, 2010 when shares rose for eight-straight days, rising 8.3% (+$1.82) 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, falling 5.3% (-$1.63) over that span. Shares are up 98 cents (+3.9%) year to date.

(Source: Xignite Financials)

Investing Insights: Steve Jobs Prepares to Deliver a New Catalyst for Apple’s Stock >>