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Wall Street's Top Analysts Weigh In on Macy's Ahead of Q3 Earnings

MarketDash Editorial Team
5 days ago
Macy's reports Q3 earnings on December 2, with analysts expecting a quarterly loss of 13 cents per share versus a year-ago profit of 4 cents. Here's how the Street's most accurate analysts have adjusted their outlooks in recent months.

Macy's, Inc. (M) is gearing up to report third quarter results after the closing bell on Tuesday, December 2, and Wall Street is bracing for a challenging quarter from the iconic department store chain.

Analysts are expecting the New York-based retailer to post a quarterly loss of 13 cents per share, a notable swing from the 4 cent per share profit it delivered in the same quarter last year. On the revenue side, the consensus estimate sits at $4.56 billion, representing a decline from the $4.74 billion Macy's brought in during the year-ago period.

Despite the anticipated loss, the company's board of directors declared a regular quarterly dividend of 18.24 cents per share back on October 24, signaling some confidence in maintaining shareholder returns. Shares of Macy's edged down 0.5% to close at $22.71 on Tuesday.

What the Top Analysts Are Saying

Here's a rundown of how some of Wall Street's most accurate analysts have been adjusting their views on Macy's heading into the earnings report:

UBS analyst Jay Sole maintained a Sell rating but raised his price target from $6.50 to $7 on December 1, 2025. This analyst carries an accuracy rate of 68%.

Telsey Advisory Group analyst Dana Telsey kept a Market Perform rating while boosting the price target from $17 to $22 on November 28, 2025. Telsey has a 62% accuracy rate.

Citigroup analyst Paul Lejuez maintained a Neutral rating and lifted the price target from $16 to $19 on November 19, 2025. Lejuez posts a 65% accuracy rate.

BTIG analyst Robert Drbul initiated coverage on the stock with a Neutral rating on October 15, 2025. This analyst has a 64% accuracy rate.

Morgan Stanley analyst Alex Straton maintained an Equal-Weight rating and increased the price target from $12 to $16 on September 18, 2025. Straton has a 65% accuracy rate.

The pattern here is interesting: while most analysts remain cautious on the stock with neutral or negative ratings, several have been raising their price targets over the past few months. That suggests some belief that the stock's recent performance might have gotten ahead of the underlying business fundamentals, but there's still room for modest upside from current levels.

Back to News

Wall Street's Top Analysts Weigh In on Macy's Ahead of Q3 Earnings

MarketDash Editorial Team
5 days ago
Macy's reports Q3 earnings on December 2, with analysts expecting a quarterly loss of 13 cents per share versus a year-ago profit of 4 cents. Here's how the Street's most accurate analysts have adjusted their outlooks in recent months.

Macy's, Inc. (M) is gearing up to report third quarter results after the closing bell on Tuesday, December 2, and Wall Street is bracing for a challenging quarter from the iconic department store chain.

Analysts are expecting the New York-based retailer to post a quarterly loss of 13 cents per share, a notable swing from the 4 cent per share profit it delivered in the same quarter last year. On the revenue side, the consensus estimate sits at $4.56 billion, representing a decline from the $4.74 billion Macy's brought in during the year-ago period.

Despite the anticipated loss, the company's board of directors declared a regular quarterly dividend of 18.24 cents per share back on October 24, signaling some confidence in maintaining shareholder returns. Shares of Macy's edged down 0.5% to close at $22.71 on Tuesday.

What the Top Analysts Are Saying

Here's a rundown of how some of Wall Street's most accurate analysts have been adjusting their views on Macy's heading into the earnings report:

UBS analyst Jay Sole maintained a Sell rating but raised his price target from $6.50 to $7 on December 1, 2025. This analyst carries an accuracy rate of 68%.

Telsey Advisory Group analyst Dana Telsey kept a Market Perform rating while boosting the price target from $17 to $22 on November 28, 2025. Telsey has a 62% accuracy rate.

Citigroup analyst Paul Lejuez maintained a Neutral rating and lifted the price target from $16 to $19 on November 19, 2025. Lejuez posts a 65% accuracy rate.

BTIG analyst Robert Drbul initiated coverage on the stock with a Neutral rating on October 15, 2025. This analyst has a 64% accuracy rate.

Morgan Stanley analyst Alex Straton maintained an Equal-Weight rating and increased the price target from $12 to $16 on September 18, 2025. Straton has a 65% accuracy rate.

The pattern here is interesting: while most analysts remain cautious on the stock with neutral or negative ratings, several have been raising their price targets over the past few months. That suggests some belief that the stock's recent performance might have gotten ahead of the underlying business fundamentals, but there's still room for modest upside from current levels.