Macy's (M) - Get Report is expected to report adjusted net income of $145.1 million, or 46 cents a share, on sales of $5.5 billion before the market opens on Wednesday, based on a FactSet survey of 16 analysts.
In the same period a year ago, the company posted earnings of 70 cents a share on sales of $5.6 billion. It reported net income of $139 million.
The stock has fallen 10.5% since the company last reported earnings on May. 15.
Quarterly estimates have fallen 1.2 cents a share in the past month.
Macy's is currently trading at a price-to-forward-earnings ratio of 6.5 based on the 12-month estimates of 17 analysts surveyed by FactSet.
In the upcoming quarter analysts are forecasting net income of $31.9 million, or 10 cents a share, on sales of $5.4 billion.
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