J.C. Penney Expected to Raise Earnings Per Share

New York City, Analysts are predicting that J.C. Penney, in its analyst meeting on Tuesday and Wednesday, will raise earnings per share guidance for the first quarter, along with a higher operating margin goal.

According to Goldman Sachs analyst Adrianne Shapira, J.C. Penney continues to make improvements in merchandise and marketing and the shares “stand as an excellent long-term investment vehicle in the department store space.”