Macy's (M) closed at $23.60, down 1.67% in the latest session. The company is projected to report a significant EPS decline of 311.11% year-over-year, though quarterly revenue is expected to remain relatively flat.
Trading at a Forward P/E of 10.27 versus the industry average of 14.49, Macy's appears undervalued. The stock holds a Zacks Rank of #3 (Hold), with minimal consensus estimate revisions over the past month.