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
Key numbers
- Reported EPS
- $0.40
- Estimate
- $0.37
- Surprise
- +8.7%
- Revenue (period 2026-08-01)
- $4.87B
- Score today
- 5.3/10
Revenue source: xbrl.
How the report landed
Macy's (M) beat the $0.37 estimate with diluted 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 5.3/10; 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)
- Attractive valuation
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
- $22.04
- Price target
- $23.43
- Stop
- $20.53
- Upside to target
- +6.3%
Forward estimates sit below the trailing run-rate (9.3× forward vs 8.1× trailing) — consensus expects earnings to decline from here.
Risk check: trading volume is running 1.6× its average — elevated turnover around the report window.
Model outputs from TrendMatrix’s engine as of 2026-09-14 — 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
- $5.77B
- P/E (fwd)
- 9.3
- P/E (ttm)
- 8.1
- 52-week range
- $16.41–$26.59
- Off 52-week high
- 17.1%
- RSI (14)
- 45
- Volume vs avg
- 1.62×
- Score today
- 5.3/10