Macy's (NYSE:M) Surpasses Earnings and Revenue Estimates

• Macy's reported an EPS of $0.04, beating the estimated EPS of -$0.01.
• The company's revenue reached $4.74 billion, exceeding expectations.
• Macy's maintains a price-to-earnings (P/E) ratio of 24.09 and a debt-to-equity ratio of 0.70.

Macy's (NYSE:M) recently reported its earnings for November 26, 2024, showcasing an earnings per share (EPS) of $0.04, which surpassed the estimated EPS of -$0.01. The company also reported a revenue of approximately $4.74 billion, exceeding the estimated revenue of about $4.72 billion. Macy's, a well-known department store chain, operates in a competitive retail market alongside rivals like Nordstrom and Kohl's.

Under the leadership of Tony Spring, who took over in early February, Macy's is navigating through several challenges. The company is currently dealing with internal accounting irregularities, which have affected its operations. Due to these issues, Macy's has only released preliminary numbers for its third quarter, with a complete report expected by December 11th.

Despite these challenges, Macy's maintains a price-to-earnings (P/E) ratio of approximately 24.09, reflecting the market's valuation of its earnings. The price-to-sales ratio stands at about 0.19, indicating how the market values the company relative to its revenue. Additionally, the enterprise value to sales ratio is around 0.42, showing the company's total valuation in relation to its sales.

The enterprise value to operating cash flow ratio is approximately 8.36, providing insight into Macy's cash flow generation relative to its valuation. The earnings yield is about 4.15%, offering a perspective on the return on investment. Macy's debt-to-equity ratio is approximately 0.70, indicating a moderate level of leverage. The current ratio is around 1.48, suggesting that Macy's has a solid ability to cover its short-term liabilities with its short-term assets.