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How Will Macy’s (M) Stock React to Wednesday's Q1 Earnings?

NEW YORK (TheStreet) -- Macy's (M - Get Report) stock is rising by 0.58% to $37.87 in early afternoon trading on Monday, ahead of the retailer's fiscal 2016 first quarter financial report, due out on Wednesday before the opening bell.

The Cincinnati-based company is expected to deliver a year-over-year decline in earnings per share and revenue.

Analysts have estimated for earnings of 38 cents per share on $5.96 billion in revenue for the latest quarter. Last year, Macy's reported a profit of 56 cents per share on revenue of $6.23 billion for the fiscal 2015 first quarter.

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