Six of 18 analysts rate Macy’s stock as a Buy or a Strong Buy. Another nine have Hold ratings. At a price of around $21.40 a share, the upside potential based on a median price target of $23.00 is about 7.5%. Based on a high price target of $30.00, the potential upside on the shares is 40.2%.
Analysts are forecasting fiscal second-quarter revenue of $5.2 billion, down 7.1% sequentially and by 4.4% year over year. Adjusted EPS are tabbed at $0.19, down 81.1% sequentially and 83.9% lower year over year. For the 2023 fiscal year ending in January, analysts are currently looking for EPS of $4.10, down 22.8%, on sales of $24.48 billion, up about 1%.
Macy’s stock trades at 5.2 times expected 2023 EPS, 5.4 times estimated 2024 earnings of $3.99 and 5.6 times estimated 2025 earnings of $3.84 per share. The stock’s 52-week range is $15.10 to $37.95. The company pays an annual dividend of $0.63 (yield of 3%). Total shareholder return for the past year was negative 28.9%.
NetEase
China-based NetEase Inc. (NASDAQ: NTES) operates online gaming, communications and commerce services in China and elsewhere. It also owns another U.S.-traded online services company, Youdao. Over the past 12 months, the stock has dropped about 37% from its share price.
The company reported last week that it had sold more than 300,000 copies of the nearly 625,000 copies sold in China of Taylor Swift’s “Midnights” album. Tencent Music said last week that it sold nearly 200,000 copies on the day of the album’s release in China. Swift’s album was the highest-priced album ever sold in the country. A recent analyst’s report noted that NetEase was gaining market share from Tencent Music by offering sharp discounts on its monthly music subscription.
Of 26 brokerage houses covering the stock, 25 have a Buy or Strong Buy rating. At a share price of around $70.00, the stock’s implied gain based on a median price target of $117.60 is 96.6%. At the high price target of $140.43, the upside potential is 200%.
Analysts are forecasting third-quarter revenue of $3.48 billion, up less than 1% sequentially and by 1.2% year over year. The estimate for adjusted EPS of $1.05 is down 14.0% sequentially and up 18.0% year over year. For the full year, analysts are looking for EPS of $4.50, down 2.5%, on a year-over-year sales increase of 0.5% to $13.85 billion.
NetEase trades at 15.7 times expected 2022 EPS, 13.9 times estimated 2023 earnings of $5.06 and 12.8 times estimated 2024 earnings of $5.51 per ADR. NetEase’s 52-week range is $53.09 to $118.19, and NetEase pays an annual dividend of $1.31 (yield of 2.03%). Total shareholder return for the past year was negative 35.7%.
Originally published at 24/7 Wall St.
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