) is slated to report its third-quarter fiscal 2013 results
before the market opens on Nov 13, 2013. In the last quarter, it
posted a negative surprise of 7.69%. Let's see how things are
shaping up for this announcement.
Factors this Past Quarter
Macy's posted lower-than-expected second-quarter fiscal 2013
results as consumers' cautious attitude towards making any
discretionary purchases resulted in soft sales. Moreover,
discounts offered also hurt margins. As a result, management
trimmed its comparable sales and earnings outlook.
Our proven model does not conclusively show that Macy's is
likely to beat earnings this quarter. This is because a stock
needs to have both a positive
and a Zacks Rank #1, #2 or #3 for this to happen. This is not the
case here, as you will see below.
ESP for Macy's is 0.00%. This is because both the Most Accurate
Estimate and the Zacks Consensus Estimate are pegged at 38
Zacks Rank #3 (Hold):
Macy's Zacks Rank #3 lowers the predictive power of ESP. The
Zacks Rank #3 when combined with an ESP of 0.00% makes surprise
prediction difficult. We caution against stocks with Zacks Ranks
#4 and #5 (Sell rated stocks) going into the earnings
announcement, especially when the company is seeing negative
estimate revisions momentum.
Stocks that Warrant a Look
Here are some other companies you may want to consider as our
model shows they have the right combination of elements to post
an earnings beat:
), Earnings ESP of +1.11% and Zacks Rank #1 (Strong Buy).
Lumber Liquidators Holdings, Inc.
), Earnings ESP of +1.39% and Zacks Rank #2 (Buy).
Michael Kors Holdings Limited
), Earnings ESP of +1.16% and a Zacks Rank #2 (Buy).
HANESBRANDS INC (HBI): Free Stock Analysis
MICHAEL KORS (KORS): Free Stock Analysis
LUMBER LIQUIDAT (LL): Free Stock Analysis
MACYS INC (M): Free Stock Analysis Report
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