Macy’s is set to release its quarterly earnings on November 26, 2024. Analysts predict a slight loss of $0.01 per share, representing a steep year-over-year decline of 104.8%. Revenue expectations are anticipated to decrease by 2.9%, down to approximately $4.72 billion.

The downward revision in EPS estimates closely follows market trends, showcasing how analyst perceptions can shift quickly in reaction to economic conditions. Though revenue might decline, Macy’s valuation is reflected in a P/E ratio of 22.74, indicating market sentiment about its long-term resilience.

The company’s financial stability is also represented by key ratios, including a price-to-sales ratio of 0.18, which shows how investors are pricing the company’s revenue. The current ratio of 1.48 suggests that Macy’s maintains a reasonable ability to cover its short-term obligations, which stands as a crucial factor for its operational health amidst market fluctuations.