Why Is Macy's (M) Down 6.9% Since Last Earnings Report?

A month has gone by since the last earnings report for Macy's (M). Shares have lost about 6.9% in that time frame, underperforming the S&P 500.

Will the recent negative trend continue leading up to its next earnings release, or is Macy's due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers.

How Have Estimates Been Moving Since Then?

It turns out, fresh estimates have trended downward during the past month.

The consensus estimate has shifted -43.04% due to these changes.

VGM Scores

At this time, Macy's has an average Growth Score of C, though it is lagging a lot on the Momentum Score front with an F. However, the stock was allocated a grade of A on the value side, putting it in the top 20% for this investment strategy.

Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in.

Outlook

Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. It's no surprise Macy's has a Zacks Rank #4 (Sell). We expect a below average return from the stock in the next few months.

Performance of an Industry Player

Macy's belongs to the Zacks Retail - Regional Department Stores industry. Another stock from the same industry, Dillard's (DDS), has gained 2.7% over the past month. More than a month has passed since the company reported results for the quarter ended April 2025.

Dillard's reported revenues of $1.53 billion in the last reported quarter, representing a year-over-year change of -1.3%. EPS of $10.39 for the same period compares with $11.09 a year ago.

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For the current quarter, Dillard's is expected to post earnings of $3.47 per share, indicating a change of -24.4% from the year-ago quarter. The Zacks Consensus Estimate has changed +2.3% over the last 30 days.

Dillard's has a Zacks Rank #3 (Hold) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of A.

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Macy's, Inc. (M) : Free Stock Analysis Report

Dillard's, Inc. (DDS) : Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

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