Bed Bath & Beyond (BBBY) Scheduled to Post Earnings on Wednesday
Bed Bath & Beyond (NASDAQ:BBBY) is scheduled to post its quarterly earnings results on Wednesday, September 25th. Bed Bath & Beyond has set its Q2 guidance at $1.11-1.16 EPS and its FY14 guidance at $4.84-5.01 EPS.Investors interested in registering for the company’s conference call can do so using this link.
Bed Bath & Beyond (NASDAQ:BBBY) last issued its quarterly earnings data on Wednesday, June 26th. The company reported $0.93 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.68 by $0.75. The company had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.60 billion. During the same quarter last year, the company posted $1.48 earnings per share. Bed Bath & Beyond’s revenue was up 17.8% compared to the same quarter last year. On average, analysts expect Bed Bath & Beyond to post $5.02 EPS for the current fiscal year and $5.60 EPS for the next fiscal year.
Bed Bath & Beyond (NASDAQ:BBBY) opened at 74.20 on Tuesday. Bed Bath & Beyond has a 52 week low of $54.33 and a 52 week high of $78.25. The stock has a 50-day moving average of $74.40 and a 200-day moving average of $70.35. The company has a market cap of $15.868 billion and a price-to-earnings ratio of 16.35.
BBBY has been the subject of a number of recent research reports. Analysts at UBS AG raised their price target on shares of Bed Bath & Beyond (NASDAQ:BBBY) from $74.00 to $80.00 in a research note to investors on Friday. They now have a “neutral” rating on the stock. On a related note, analysts at Canaccord Genuity raised their price target on shares of Bed Bath & Beyond (NASDAQ:BBBY) from $79.00 to $84.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Finally, analysts at Thomson Reuters/Verus upgraded shares of Bed Bath & Beyond (NASDAQ:BBBY) from a “hold” rating to a “buy” rating in a research note to investors on Monday, September 16th.
Two research analysts have rated the stock with a sell rating, ten have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $78.00.
Bed Bath & Beyond Inc is a chain of retail stores, operating under the names Bed Bath & Beyond (NASDAQ:BBBY), Christmas Tree Shops (CTS), Harmon and Harmon Face Values (Harmon), buybuy BABY and World Market or Cost Plus World Market (World Market).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.