Macy's Real Estate Sales Will Continue in 2018

Posted on Jan 16, 2018 09:18 PM EST
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Macy's Real Estate Sales Will Continue in 2018more big
Macy's Real Estate Sales Will Continue in 2018

Earlier this month, Macy's (NYSE:M) reported a tentative turnaround in sales trends for the November-December holiday shopping period. As a result, the struggling department store giant modestly raised its full-year earnings per share guidance. Macy's now expects to post adjusted EPS of $3.11-$3.21 -- including a $0.05 benefit from federal tax reform -- up from $2.91-$3.16 previously.

Despite the improving sales trends, many analysts expect Macy's to face continued earnings pressure in 2018. The average 2018 EPS estimate -- which probably ignores the recently implemented tax reform law -- is just $2.86.

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