M
Q3 2026 EPS Estimate
$0.35
Sep 2, 2026 · Reports before open
Revenue Estimate
$4.78B
FY2027E EPS$2.19
FY2028E EPS$2.26

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
-63.2%
Consensus
$22.00
-9.9%
Bull
$23.00
-5.9%
12-Month Target Range22 analysts
$9.00$22.00$23.00
Current $24.43Consensus
Current Price
$24.43
Above Consensus
$2.43

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+0.10%
FY2028
Rev-1.32%
EPS+3.30%
FY2029
Rev-12.45%
EPS+2.17%
Raw consensus estimates (low / average / high) from covering analysts.
Annual
MetricFY2027EFY2028EFY2029E
Revenue Avg$21.67B$21.39B$18.73B
Low$21.65B$21.26B$18.39B
High$21.68B$21.57B$18.90B
EBITDA Avg$1.82B$1.79B$1.57B
Low$1.81B$1.78B$1.54B
High$1.82B$1.81B$1.58B
EBIT Avg$1.02B$1.01B$882M
Low$1.02B$1.00B$866M
High$1.02B$1.02B$890M
Net Income Avg$606M$644M$636M
Low$594M$601M$624M
High$617M$656M$647M
EPS Avg$2.19$2.26$2.31
Low$2.15$2.17$2.26
High$2.23$2.37$2.34
Analysts (Rev / EPS)6 / 75 / 61 / 1
Quarterly
MetricQ3 2026Q4 2026Q1 2027Q2 2027Q3 2027Q4 2027Q1 2028Q2 2028
Revenue Avg$4.78B$4.65B$7.56B$4.48B$4.58B$4.43B$7.24B$4.62B
Low$4.76B$4.61B$7.53B$4.46B$4.56B$4.41B$7.21B$4.60B
High$4.79B$4.67B$7.60B$4.50B$4.61B$4.46B$7.28B$4.64B
EBITDA Avg$401M$389M$634M$375M$384M$371M$607M$387M
Low$399M$386M$631M$374M$382M$370M$604M$385M
High$402M$391M$637M$377M$386M$373M$610M$389M
EBIT Avg$225M$219M$356M$211M$216M$209M$341M$218M
Low$224M$217M$355M$210M$215M$208M$339M$217M
High$226M$220M$358M$212M$217M$210M$343M$219M
Net Income Avg$95M$-20M$490M$41M$99M$-27M$502M$54M
Low$92M$-28M$487M$41M$98M$-27M$499M$54M
High$97M$-14M$493M$42M$99M$-27M$505M$55M
EPS Avg$0.35$-0.07$1.80$0.15$0.36$-0.10$1.84$0.20
Low$0.34$-0.10$1.78$0.15$0.36$-0.10$1.83$0.20
High$0.36$-0.05$1.81$0.15$0.36$-0.10$1.85$0.20
Analysts (Rev / EPS)5 / 75 / 72 / 22 / 22 / 52 / 41 / 51 / 4

Earnings Surprises

Recent Analyst Actions

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
May 21, 2024CFRA
Macy's (M) PT Raised to $19 at CFRA
Target:$19.00
-0.1%from $19.01
Data is provided for informational purposes only and does not constitute investment advice. Past performance is not indicative of future results.