Despite recent underperformance, Macy's (M) maintains a Strong Buy rating from Zacks as the investment community monitors the upcoming earnings report, which is projected to show declines in both EPS and revenue.
- The stock closed January 22 at $20.54, down 3.16%, significantly underperforming the broader market gains.
- Consensus estimates project Q4 EPS of $1.55 (a 13.89% year-over-year decline) on revenue of $7.52 billion.
- The Strong Buy rating is supported by a favorable valuation, with a Forward P/E of 9.63, significantly below the industry average of 12.83.