Earnings Preview | Macy's Q4 profits are expected to plummet, US retail stocks continue to be under pressure
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Macy's will announce its fourth-quarter results on March 6, expecting revenue of $7.78 billion, a year-on-year decrease of 4.2%; earnings per share of $1.55, a year-on-year decrease of 36.7%. Over the past 30 days, the earnings per share forecast has been revised down by 2.35%. Although Macy's has exceeded expectations in three of the past four quarters, its latest guidance is below market expectations, leading to a decline in stock price. Walmart's performance was better than expected, but its earnings guidance was disappointing, increasing market uncertainty
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