Macy's shares dive 12% as company cuts sales guidance; Q2 results top estimates
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Macy's (M) PT Lowered to $17 at Morgan Stanley
August 22, 2024 5:42 AM EDTMorgan Stanley analyst Kimberly Greenberger lowered the price target on Macy's (NYSE: M) to $17.00 (from $18.00) while maintaining a Equalweight rating.
The analyst comments "Though M beat 2Q EPS & reiterated FY EPS guidance, this result was lower-quality. We continue to see... More
Macy's (M) PT Lowered to $16 at Citi
August 22, 2024 5:02 AM EDTCiti analyst Paul Lejuez lowered the price target on Macy's (NYSE: M) to $16.00 (from $17.00) while maintaining a Neutral rating.
The analyst comments "Unlike what we heard from WMT, TGT and TJX, M saw a slowdown as 2Q progressed and significantly missed comp expectations... More
Macy's (M) PT Lowered to $16 at Evercore ISI
August 21, 2024 2:46 PM EDTEvercore ISI analyst Michael Binetti lowered the price target on Macy's (NYSE: M) to $16.00 (from $17.00) while maintaining a In Line rating.
The analyst comments "Bottom Line: Macys reported 2Q EPS at $0.53. Excluding $0.10 from 1x asset sales 2Q EPS was $0.43, above our $0.26/Street $0.30.... More
Macy's (M) Tops Q2 EPS by 23c; cuts guidance
August 21, 2024 6:56 AM EDTMacy's (NYSE: M) reported Q2 EPS of $0.53, $0.23 better than the analyst estimate of $0.30. Revenue for the quarter came in at $5.1 billion versus the consensus estimate of $5.06 billion.
GUIDANCE:
Macy's sees FY2025 EPS of $2.55-$2.90, versus the consensus of $2.78. Macy's sees FY2025... More
