NYSE:MMultiline Retail
Back-to-Back Earnings Surprises Could Be a Game Changer for Macy's (M)
In the past quarter, Macy's reported a very large earnings surprise, significantly exceeding analyst expectations for the second quarter in a row.
This consistent outperformance has led analysts to adopt a more bullish stance, as reflected in a positive Earnings ESP and renewed confidence ahead of the upcoming results.
With analysts signaling increased optimism based on Macy's robust recent earnings surprises, we'll examine how this shift could influence its investment narrative.
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