M
Q3 2026 EPS Estimate
$0.35
Sep 2, 2026 · Reports before open
Revenue Estimate
$4.78B
FY2027E EPS$2.20
FY2028E EPS$2.28

Analyst Sentiment

Wall St. Consensus
Hold
22 analysts·High coverage
49
Score
4 Buy (18%)13 Hold (59%)5 Sell (23%)
Rating Breakdown
Strong Buy
00%
Buy
418%
Hold
1359%
Sell
523%
Strong Sell
00%

Analyst ratings reflect Wall Street opinion, not guarantees. Historical accuracy varies by firm and sector.

Price Target Expectations

Bear
$9.00
-61.2%
Consensus
$22.00
-5.2%
Bull
$30.00
+29.3%
12-Month Target Range22 analysts
$9.00$22.00$30.00
Current $23.21Consensus
Current Price
$23.21
Above Consensus
$1.21

Price targets are 12-month analyst forecasts. Actual results depend on earnings, market conditions, and sector trends.

Earnings & Revenue Estimates

Forward Growth Estimates (YoY)
FY2027
Rev+0.21%
EPS+0.52%
FY2028
Rev-1.32%
EPS+3.80%
FY2029
Rev-12.45%
EPS+4.09%
Raw consensus estimates (low / average / high) from covering analysts.
Annual
MetricFY2027EFY2028EFY2029E
Revenue Avg$21.67B$21.39B$18.73B
Low$21.63B$21.20B$16.86B
High$21.74B$21.55B$20.59B
EBITDA Avg$1.82B$1.79B$1.57B
Low$1.81B$1.78B$1.41B
High$1.82B$1.81B$1.73B
EBIT Avg$1.02B$1.01B$882M
Low$1.02B$999M$794M
High$1.02B$1.01B$970M
Net Income Avg$600M$609M$660M
Low$589M$593M$625M
High$641M$685M$695M
EPS Avg$2.20$2.28$2.38
Low$2.13$2.15$2.26
High$2.32$2.48$2.51
Analysts (Rev / EPS)7 / 76 / 72 / 1
Quarterly
MetricQ4 2026Q1 2027Q2 2027Q3 2027Q4 2027Q1 2028Q2 2028Q3 2028
Revenue Avg$4.65B$7.56B$4.48B$4.58B$4.43B$7.24B$4.62B$4.59B
Low$4.61B$7.52B$4.45B$4.56B$4.41B$7.19B$4.59B$4.56B
High$4.68B$7.62B$4.51B$4.62B$4.47B$7.30B$4.66B$4.62B
EBITDA Avg$389M$634M$375M$384M$371M$607M$387M$384M
Low$386M$630M$373M$382M$369M$603M$385M$382M
High$392M$639M$378M$387M$374M$611M$390M$387M
EBIT Avg$219M$356M$211M$216M$209M$341M$218M$216M
Low$217M$354M$210M$215M$207M$339M$216M$215M
High$220M$359M$213M$218M$210M$344M$219M$218M
Net Income Avg$-19M$491M$41M$99M$-27M$502M$54M$101M
Low$-32M$487M$41M$98M$-28M$497M$54M$100M
High$-8M$496M$42M$100M$-27M$507M$55M$102M
EPS Avg$-0.07$1.80$0.15$0.36$-0.10$1.84$0.20$0.37
Low$-0.12$1.79$0.15$0.36$-0.10$1.82$0.20$0.37
High$-0.03$1.82$0.15$0.37$-0.10$1.86$0.20$0.37
Analysts (Rev / EPS)6 / 85 / 35 / 45 / 35 / 42 / 42 / 52 / 4

Earnings Surprises

Recent Analyst Actions

Jul 6, 2026Morgan Stanley
Macy's resumed with an Overweight at Morgan Stanley
Target:$30.00
+26.8%from $23.66
Jun 4, 2026Telsey Advisory
Macy's price target raised to $23 from $20 at Telsey Advisory
Target:$23.00
-1.4%from $23.33
Jun 4, 2026Evercore ISI
Macy's price target raised to $22 from $19 at Evercore ISI
Target:$22.00
-6.0%from $23.41
Jun 3, 2026Gordon Haskett Capital Corporation
Macy's price target raised to $22 from $20 at Gordon Haskett
Target:$22.00
+0.9%from $21.80
Mar 18, 2026Jefferies
Jefferies Reiterates Buy Rating on Macy's (M): 'encouraged by Q1 comp guide'
Target:$22.00
+23.7%from $17.79
Mar 9, 2026UBS
Macy's price target raised to $9 from $8 at UBS
Target:$9.00
-49.9%from $17.98
Dec 12, 2025Jefferies
Macy's price target raised to $27 from $26 at Jefferies
Target:$27.00
+12.5%from $24.00
Dec 5, 2025Goldman Sachs
Macy's price target raised to $22 from $16.50 at Goldman Sachs
Target:$22.00
-4.2%from $22.96
Dec 5, 2025Evercore ISI
Macy's price target raised to $21 from $14 at Evercore ISI
Target:$21.00
-8.3%from $22.89
Dec 4, 2025UBS
Macy's (M) PT Raised to $21 at TD Cowen
Target:$21.00
-3.1%from $21.68
Dec 4, 2025Jefferies
Macy's price target raised to $26 from $18.50 at Jefferies
Target:$26.00
+18.2%from $22.00
Nov 28, 2025Telsey Advisory
Macy's (M) PT Raised to $22 at Telsey
Target:$22.00
-1.9%from $22.43
Sep 18, 2025Morgan Stanley
Macy's price target raised to $16 from $12 at Morgan Stanley
Target:$16.00
-8.4%from $17.48
Sep 3, 2025Jefferies
Macy's price target raised to $18.50 from $14.50 at Jefferies
Target:$18.50
+13.6%from $16.28
May 6, 2025Morgan Stanley
Macy's price target lowered to $12 from $14 at Morgan Stanley
Target:$12.00
+4.3%from $11.50
Apr 22, 2025Goldman Sachs
Macy's downgraded to Neutral from Buy at Goldman Sachs
Target:$12.00
+10.8%from $10.83
Mar 10, 2025Morgan Stanley
Macy's price target lowered to $14 from $15 at Morgan Stanley
Target:$14.00
-0.4%from $14.06
Mar 7, 2025Telsey Advisory
Macy's price target lowered to $15 from $17 at Telsey Advisory
Target:$15.00
+6.7%from $14.06
Mar 7, 2025UBS
Macy's price target lowered to $8 from $9 at UBS
Target:$8.00
-43.1%from $14.06
Mar 6, 2025New Street
Gordon Haskett downgrades Macy's amid macro uncertainty
Target:$13.00
-1.7%from $13.22
Aug 22, 2024Morgan Stanley
Macy's price target lowered to $17 from $18 at Morgan Stanley
Target:$17.00
+10.7%from $15.35
Aug 21, 2024Citigroup
Macy's to trade down on 'very weak' sales results, says Citi
Target:$17.00
+11.1%from $15.30
Jul 15, 2024Evercore ISI
Macy's price target lowered to $17 from $22 at Evercore ISI
Target:$17.00
+0.9%from $16.85
May 22, 2024Goldman Sachs
Macy's 'Bold New Chapter' Gains Traction: Analysts Say Retailer Delivers In Q1 Results, While Some Risk Remains
Target:$23.00
+13.7%from $20.23
May 22, 2024UBS
UBS Reiterates Sell Rating on Macy's (M)
Target:$10.00
-51.2%from $20.48
Data is provided for informational purposes only and does not constitute investment advice. Past performance is not indicative of future results.