Bed Bath & Beyond (NASDAQ:BBBY) Issues FY 2021 Earnings Guidance

Bed Bath & Beyond (NASDAQ:BBBY) issued an update on its FY 2021 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.700-$1.100 for the period, compared to the Thomson Reuters consensus estimate of $1.510. The company issued revenue guidance of $8.10 billion-$8.30 billion, compared to the consensus revenue estimate of $8.31 billion.Bed Bath & Beyond also updated its Q3 2021 guidance to $0.000-$0.050 EPS.

BBBY has been the topic of several analyst reports. B. Riley initiated coverage on shares of Bed Bath & Beyond in a report on Thursday, July 1st. They set a buy rating and a $44.00 price target on the stock. Bank of America initiated coverage on Bed Bath & Beyond in a research note on Tuesday, October 5th. They set an underperform rating and a $14.00 price target for the company. Robert W. Baird cut their price objective on Bed Bath & Beyond from $33.00 to $19.00 and set a neutral rating on the stock in a research report on Friday, October 1st. Zacks Investment Research lowered shares of Bed Bath & Beyond from a hold rating to a strong sell rating and set a $13.00 target price for the company. in a research note on Tuesday, October 5th. Finally, TheStreet cut shares of Bed Bath & Beyond from a c rating to a d+ rating in a report on Thursday, September 30th. Five analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from, the stock has an average rating of Hold and an average target price of $21.31.

BBBY stock traded down $0.08 during midday trading on Thursday, reaching $14.36. The stock had a trading volume of 82,247 shares, compared to its average volume of 8,127,422. Bed Bath & Beyond has a 52-week low of $14.10 and a 52-week high of $53.90. The firm has a fifty day simple moving average of $23.90 and a two-hundred day simple moving average of $26.71. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.80 and a current ratio of 1.56. The stock has a market cap of $1.45 billion, a PE ratio of 19.51 and a beta of 1.82.

Bed Bath & Beyond (NASDAQ:BBBY) last announced its quarterly earnings results on Thursday, September 30th. The retailer reported $0.04 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.48). The firm had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $2.06 billion. Bed Bath & Beyond had a return on equity of 9.10% and a net margin of 1.02%. The business’s quarterly revenue was down 26.2% on a year-over-year basis. During the same period last year, the company posted $0.50 earnings per share. On average, sell-side analysts predict that Bed Bath & Beyond will post 1.54 EPS for the current fiscal year.

Bed Bath & Beyond Company Profile

Bed Bath & Beyond, Inc engages in the operation of retail stores and retails domestics merchandise and home furnishings. Its products include domestic merchandise and home furnishings such as bed linens and related items, bath items, kitchen textiles kitchen and tabletop items, fine tabletop, basic house wares, general home furnishings, and consumables.

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Earnings History and Estimates for Bed Bath & Beyond (NASDAQ:BBBY)

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