Press Release: Macy's Unveils The Best Black Friday Deals And Exclusive Black Friday Now Savings

Dillard's (DDS) came out with quarterly earnings of $7.73 per share, beating the Zacks Consensus Estimate of $6.47 per share. This compares to earnings of $9.30 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 19.47%. A quarter ago, it was expected that this department store operator would post earnings of $5.91 per share when it actually produced earnings of $4.59, delivering a surprise of -22.34%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

Dillard's, which belongs to the Zacks Retail - Regional Department Stores industry, posted revenues of $1.43 billion for the quarter ended October 2024, surpassing the Zacks Consensus Estimate by 0.48%. This compares to year-ago revenues of $1.48 billion. The company has topped consensus revenue estimates three times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Dillard's shares have lost about 3.8% since the beginning of the year versus the S&P 500's gain of 25.5%.

What's Next for Dillard's?

While Dillard's has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Dillard's: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $9.05 on $1.93 billion in revenues for the coming quarter and $31.20 on $6.39 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Retail - Regional Department Stores is currently in the top 34% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Another stock from the same industry, Macy's (M), has yet to report results for the quarter ended October 2024. The results are expected to be released on November 26.

This department store operator is expected to post break-even quarterly earnings per share in its upcoming report, which represents a year-over-year change of -100%. The consensus EPS estimate for the quarter has been revised 0.2% lower over the last 30 days to the current level.

Macy's' revenues are expected to be $4.74 billion, down 2.6% from the year-ago quarter.

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Groupon (GRPN) came out with quarterly earnings of $0.33 per share, beating the Zacks Consensus Estimate of a loss of $0.25 per share. This compares to loss of $0.12 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 232%. A quarter ago, it was expected that this online daily deal service would post a loss of $0.01 per share when it actually produced a loss of $0.02, delivering a surprise of -100%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

Groupon, which belongs to the Zacks Internet - Commerce industry, posted revenues of $114.48 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 3.82%. This compares to year-ago revenues of $126.47 million. The company has topped consensus revenue estimates three times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Groupon shares have lost about 8.4% since the beginning of the year versus the S&P 500's gain of 25.8%.

What's Next for Groupon?

While Groupon has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Groupon: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.16 on $144.38 million in revenues for the coming quarter and -$0.71 on $511.06 million in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Internet - Commerce is currently in the top 27% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Another stock from the broader Zacks Retail-Wholesale sector, Macy's (M), has yet to report results for the quarter ended October 2024. The results are expected to be released on November 26.

This department store operator is expected to post break-even quarterly earnings per share in its upcoming report, which represents a year-over-year change of -100%. The consensus EPS estimate for the quarter has been revised 0.2% lower over the last 30 days to the current level.

Macy's' revenues are expected to be $4.74 billion, down 2.6% from the year-ago quarter.

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Macy's (M) ended the recent trading session at $15.08, demonstrating a -1.69% swing from the preceding day's closing price. This move lagged the S&P 500's daily loss of 0.29%. At the same time, the Dow lost 0.86%, and the tech-heavy Nasdaq lost 0.09%.

Heading into today, shares of the department store operator had lost 0.26% over the past month, lagging the Retail-Wholesale sector's gain of 3.95% and the S&P 500's gain of 3.3% in that time.

Analysts and investors alike will be keeping a close eye on the performance of Macy's in its upcoming earnings disclosure. The company's earnings report is set to go public on November 26, 2024. The company is expected to report EPS of $0, down 100% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $4.74 billion, reflecting a 2.56% fall from the equivalent quarter last year.

Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2.72 per share and revenue of $22.28 billion. These totals would mark changes of -22.29% and -3.51%, respectively, from last year.

It's also important for investors to be aware of any recent modifications to analyst estimates for Macy's. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.

The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.07% downward. Macy's is currently a Zacks Rank #4 (Sell).

Valuation is also important, so investors should note that Macy's has a Forward P/E ratio of 5.64 right now. This indicates a discount in contrast to its industry's Forward P/E of 10.31.

The Retail - Regional Department Stores industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 86, finds itself in the top 35% echelons of all 250+ industries.

The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. 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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