A month has gone by since the last earnings report for Macy's (M) . Shares have added about 1.1% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Macy's due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Macy's Q2 Earnings Beat Estimates, Comps Decline Y/YMacy’s has r ...