Macy's (M) Stock Sinks As Market Gains: What You Should Know

Macy's (M) closed down 4.4% in the latest trading session, underperforming the S&P 500's 0.32% gain. Analysts expect the department store operator to report a loss of $0.19 per share in its forthcoming earnings, representing a 311% year-over-year decline. The stock holds a Zacks Rank #3 (Hold) rating with a Forward P/E of 10.42, trading at a discount to its industry average.