Macy's  (M - Get Report) is expected to report quarterly earnings of 33 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 48 cents a share on sales of $5.5 billion.

The stock has fallen 12.7% since the company last reported earnings on Feb. 26.

Quarterly estimates have fallen 1.1 cent a share in the past month.

Macy's is currently trading at a price-to-forward-earnings ratio of 7.2 based on the 12-month estimates of 18 analysts surveyed by FactSet.

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