Macy's, Inc. (M) Stock Forecast
M analyst forecast
as of October 18, 2026- Analyst consensus
- Hold 3.08 / 5 from 13 analysts
- Price target
- $23.18 average of analyst targets
- Upside to target
- −3.4% from the latest close
- Next earnings
- December 2, 2026 EPS estimate $-0.19
- 52-week range
- $16.92 – $26.21
M analyst ratings
13 analystsNumber of analysts at each rating.
M price target
The average of analyst 12-month price targets compared with the latest close and the 52-week range.
M earnings per share estimates
| Period | Average | Low | High | Year ago | Growth | Analysts |
|---|---|---|---|---|---|---|
| Current quarter (Oct '26) | −$0.18 | −$0.21 | −$0.14 | $0.09 | −297.5% | 12 |
| Current fiscal year (FY2027) | $2.32 | $2.25 | $2.39 | $2.32 | −0.2% | 13 |
| Next fiscal year (FY2028) | $2.38 | $2.15 | $2.53 | $2.32 | +2.9% | 13 |
Consensus EPS estimates; growth compares the average estimate with the year-ago EPS.
M revenue estimates
| Period | Average | Low | High | Growth | Analysts |
|---|---|---|---|---|---|
| Current quarter (Oct '26) | $4.68B | $4.65B | $4.73B | −0.8% | 8 |
| Current fiscal year (FY2027) | $21.89B | $21.72B | $22.76B | +0.6% | 9 |
| Next fiscal year (FY2028) | $21.73B | $20.31B | $22.83B | −0.7% | 9 |
M EPS: reported and forecast
Fiscal years; "E" marks estimates, the line shows the range from the lowest to the highest estimate.
M revenue: reported and forecast
M EPS estimate revisions
| Period | 90 days ago | 60 days ago | 30 days ago | 7 days ago | Now | Change (90 d) | Revisions (30 d) |
|---|---|---|---|---|---|---|---|
| Current quarter (Oct '26) | −$0.06 | −$0.06 | −$0.18 | −$0.18 | −$0.18 | +182.2% | 2 up · 10 down |
| Current fiscal year (FY2027) | $2.21 | $2.21 | $2.32 | $2.32 | $2.32 | +4.7% | 12 up · 1 down |
| Next fiscal year (FY2028) | $2.33 | $2.33 | $2.38 | $2.39 | $2.38 | +2.3% | 9 up · 2 down |
How the consensus EPS estimate changed over the last 90 days, and how many analysts raised or lowered it in the last 30 days.
M earnings surprises
Reported EPS vs the consensus estimate for the last 12 quarters; M beat in 12 of 12.
What analysts expect from M
13 analysts cover Macy's; their consensus rating is hold (3.08 on a 1–5 scale, where 5 is a strong buy). The average price target is $23.18, 3.4% below the latest close of $24.00. Analysts expect earnings of $2.32 per share for FY2027, −0.2% from a year earlier. For FY2028 the average estimate is $2.38 per share on revenue of $21.7 billion. Macy's beat the EPS estimate in 12 of the last 12 quarters.
Related: M income statement, M key metrics, M chart. See the M stock overview for the latest quote and news.
M forecast FAQ
What is Macy's's price target?
The average analyst price target for Macy's is $23.18, 3.4% below the latest close of $24.00.
Is Macy's a buy, hold or sell?
Of 13 analysts covering Macy's, 1 rate it a strong buy, 1 a buy, 10 a hold, 0 a sell and 1 a strong sell, a consensus of hold. Ratings are opinions, not a recommendation from Quotelinks.
What is Macy's's EPS forecast?
Analysts forecast $2.32 per share for FY2027 (range $2.25 to $2.39); for FY2028 the estimate is $2.38.
What is Macy's's revenue forecast?
The average revenue estimate for FY2027 is $21.9 billion, growth of 0.6%; for FY2028 it is $21.7 billion.
When does Macy's report earnings?
Macy's is expected to report results for the quarter ending October 31, 2026 on December 2, 2026 before the market opens; the EPS estimate is $-0.19.
Does Macy's usually beat earnings estimates?
Macy's reported EPS at or above the analyst estimate in 12 of the last 12 quarters.