In the latest trading session, Macy’s (M) closed at $32.21, marking a -1.01% move from the previous day. This change was narrower than the S&P 500’s 3.09% loss on the day. Meanwhile, the Dow lost 2.41%, and the Nasdaq, a tech-heavy index, lost 4.43%.

Coming into today, shares of the department store operator had lost 5.35% in the past month. In that same time, the Retail-Wholesale sector lost 9.63%, while the S&P 500 lost 6.27%.

Investors will be hoping for strength from M as it approaches its next earnings release, which is expected to be November 8, 2018. In that report, analysts expect M to post earnings of $0.13 per share. This would mark a year-over-year decline of 43.48%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $5.44 billion, up 2.99% from the year-ago period.

M’s full-year Zacks Consensus Estimates are calling for earnings of $4.01 per share and revenue of $25.31 billion. These results would represent year-over-year changes of +6.37% and +1.91%, respectively.

Investors should also note any recent changes to analyst estimates for M. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company’s business and profitability.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. M is holding a Zacks Rank of #4 (Sell) right now.

Digging into valuation, M currently has a Forward P/E ratio of 8.12. For comparison, its industry has an average Forward P/E of 11.34, which means M is trading at a discount to the group.

Investors should also note that M has a PEG ratio of 0.96 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company’s expected earnings growth rate. Retail – Regional Department Stores stocks are, on average, holding a PEG ratio of 1.17 based on yesterday’s closing prices.

The Retail – Regional Department Stores industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 231, which puts it in the bottom 9% of all 250+ industries.

The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

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