NEW YORK (TheStreet) --Macy's Inc. (M) is scheduled to report its 2014 third quarter earnings results before the market open on Wednesday morning. Analysts are expecting the department store giant to post a year-over-year increase in earnings and revenue for the quarter.
Analysts polled by FactSet are anticipating earnings per share of 51 cents, on revenue of $6.35 billion for the most recent quarter.
Last year, Macy's reported earnings per share of 47 cents, on sales of $6.28 billion, for the 2013 third quarter.
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When Macy's announced its 2014 second quarter results in August its earnings missed analysts' expectations. However, Macy's has topped estimates for the prior three quarters, as well as during 11 of the last 12 quarters, MarketWatch reports.
Shares of Macy's are up by 0.12% to $59.33 in mid-morning trading on Tuesday.
Separately, TheStreet Ratings team rates MACY'S INC as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:
"We rate MACY'S INC (M) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, solid stock price performance, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."