Macy’s Inc. Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Macy’s, Inc. (NYSE:M) will unveil its latest earnings on Wednesday, November 9, 2011. 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 16 cents per share, a rise of twofold 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 14 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 16 cents during the last month. Analysts are projecting profit to rise by 26.1% versus last year to $2.66.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 8 cents, reporting net income of 55 cents per share against a mean estimate of profit of 47 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $5.88 billion in revenue this quarter, a rise of 4.6% from the year ago quarter. Analysts are forecasting total revenue of $26.3 billion for the year, a rise of 5.2% 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.

A Look Back: In the second quarter, profit rose 63.9% to $241 million (55 cents a share) from $147 million (35 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 7.3% to $5.94 billion from $5.54 billion.

Key Stats:

Revenue has risen the past four quarters. Revenue rose 5.7% in the first quarter from the year earlier, climbed 5.4% in the fourth quarter of the last fiscal year from the year-ago quarter and 6.6% in the third 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 August 10, 2011 to November 3, 2011, the stock price had risen $7.05 (28.9%) from $24.42 to $31.47. 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, rising 8.6% (+$2.25) 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% (-$1.62) over that span. Shares are up $6.41 (+25.6%) year to date.

(Source: Xignite Financials)

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