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Macy's (M) Likely to Beat on Q2 Earnings: Stock to Gain?

Macy's, Inc. M, one of the leading department store retailers, is slated to report second-quarter fiscal 2016 results on Aug 11. The question lingering in investors’ minds now is, whether the company will be able to continue with its positive earnings surprise streak in the quarter to be reported. In the preceding three quarters, Macy's outperformed the Zacks Consensus Estimate. The company’s past performance reveals that it surpassed the Zacks Consensus Estimate in the trailing four quarters by an average of 3.9%. Let’s see how things are shaping up for this announcement.

Zacks Model Shows Likely Earnings Beat

Our proven model shows that Macy's is likely to beat earnings estimates this quarter. A stock needs to have both a positive Earnings ESP and a Zacks Rank #1, 2 or 3 for this to happen. The Most...