Bed Bath & Beyond Inc. (NASDAQ:BBBY) Expected to Post Earnings of $0.30 Per Share

Wall Street analysts expect that Bed Bath & Beyond Inc. (NASDAQ:BBBY) will report earnings per share (EPS) of $0.30 for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for Bed Bath & Beyond’s earnings, with the lowest EPS estimate coming in at ($0.02) and the highest estimate coming in at $0.68. Bed Bath & Beyond reported earnings per share of $0.38 in the same quarter last year, which suggests a negative year-over-year growth rate of 21.1%. The company is scheduled to announce its next earnings results on Wednesday, April 21st.

According to Zacks, analysts expect that Bed Bath & Beyond will report full year earnings of ($1.10) per share for the current financial year, with EPS estimates ranging from ($1.42) to ($0.85). For the next financial year, analysts expect that the business will report earnings of $1.30 per share, with EPS estimates ranging from $0.85 to $1.58. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that cover Bed Bath & Beyond.

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Bed Bath & Beyond (NASDAQ:BBBY) last announced its earnings results on Wednesday, January 6th. The retailer reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.11). Bed Bath & Beyond had a negative net margin of 2.32% and a negative return on equity of 7.80%. The business had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.74 billion. During the same quarter last year, the firm earned ($0.38) EPS. The firm’s quarterly revenue was down 5.1% on a year-over-year basis.

A number of analysts recently issued reports on BBBY shares. Telsey Advisory Group lowered Bed Bath & Beyond from an “outperform” rating to a “market perform” rating and boosted their price target for the company from $27.00 to $40.00 in a report on Thursday, January 28th. They noted that the move was a valuation call. KeyCorp lowered Bed Bath & Beyond from a “sector weight” rating to an “underweight” rating and set a $24.00 price target for the company. in a report on Monday, February 1st. They noted that the move was a valuation call. Wedbush lowered Bed Bath & Beyond from an “outperform” rating to a “neutral” rating and boosted their price target for the company from $27.00 to $33.00 in a report on Wednesday, January 27th. Bank of America upgraded Bed Bath & Beyond from a “neutral” rating to a “buy” rating and set a $38.00 price target for the company in a report on Thursday, February 11th. Finally, Standpoint Research lowered Bed Bath & Beyond from a “buy” rating to a “hold” rating in a report on Wednesday, January 27th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $24.20.

Shares of NASDAQ:BBBY traded down $0.75 during trading hours on Tuesday, hitting $25.52. 156,812 shares of the company’s stock traded hands, compared to its average volume of 19,921,313. Bed Bath & Beyond has a 1 year low of $3.43 and a 1 year high of $53.90. The business has a fifty day moving average price of $27.00 and a 200-day moving average price of $20.02. The firm has a market capitalization of $3.09 billion, a P/E ratio of -14.36 and a beta of 2.10. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.46 and a quick ratio of 0.81.

Hedge funds have recently modified their holdings of the company. Koshinski Asset Management Inc. acquired a new position in shares of Bed Bath & Beyond during the fourth quarter worth $284,000. Vantage Consulting Group Inc acquired a new position in shares of Bed Bath & Beyond during the fourth quarter worth $25,000. Signaturefd LLC acquired a new position in shares of Bed Bath & Beyond during the fourth quarter worth $43,000. Pinnacle Holdings LLC increased its position in shares of Bed Bath & Beyond by 200.0% during the third quarter. Pinnacle Holdings LLC now owns 3,000 shares of the retailer’s stock worth $45,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Twin Tree Management LP purchased a new stake in shares of Bed Bath & Beyond during the fourth quarter valued at $60,000.

Bed Bath & Beyond Company Profile

Bed Bath & Beyond Inc, together with its subsidiaries, operates a chain of retail stores. The company sells a range of domestics merchandise, including bed linens and related items, bath items, and kitchen textiles; and home furnishings, such as kitchen and tabletop items, fine tabletop, basic housewares, general home furnishings, consumables, and various juvenile products.

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