Macy's (M) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure · Editorial policy
Key numbers
- Adjusted EPS
- $0.40
- Estimate
- $0.37
- Surprise
- +8.7%
- Revenue (period 2026-08-01)
- $4.87B
- Score today
- 5.6/10
Revenue source: xbrl.
How the report landed
Macy's (M) beat the $0.37 estimate with adjusted EPS of $0.40 — a clear 8.7% upside surprise.
Coverage in the report window
- Macy’s Q2 Sales Beat Estimates, But Tariff Refunds Mask Margin Pressure — benzinga, 2026-09-11
Where TrendMatrix's rating stands now
TrendMatrix currently rates M Sell at 5.6/10; no pre/post engine snapshot brackets this report.
4 of the last 4 quarters beat the estimate; this quarter's +8.7% surprise compares with a +135.9% four-quarter average. Next scheduled report: 2026-12-02.
What supports the rating
- Strong earnings beat streak (4/4)
- Margin of safety: 50%
What argues against it
- Analyst target reached - limited upside remaining
- V7 low-quality RISK_OFF penalty: -0.5 (Q=4.5)
- Sector modifier (Consumer Cyclical): -1.5
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $24.10
- Stop
- $22.41
Forward estimates sit below the trailing run-rate (10.2× forward vs 8.8× trailing) — consensus expects earnings to decline from here.
Model outputs from TrendMatrix’s engine as of 2026-10-24 — shown for context, not personalized investment advice.
M at TrendMatrix's latest read
Cyclical consumer names live and die on demand momentum — same-quarter comps and guidance carry more weight than the headline surprise.
- Industry
- Department Stores
- Market cap
- $6.29B
- P/E (fwd)
- 10.2
- P/E (ttm)
- 8.8
- 52-week range
- $16.69–$26.59
- Off 52-week high
- 9.4%
- RSI (14)
- 68
- Volume vs avg
- 0.63×
- Score today
- 5.6/10