Bed Bath & Beyond (BBBY) Scheduled to Post Quarterly Earnings on Wednesday
Bed Bath & Beyond (NASDAQ:BBBY) is scheduled to announce its Q115 earnings results on Wednesday, June 25th. Analysts expect the company to announce earnings of $0.95 per share and revenue of $2.69 billion for the quarter. Bed Bath & Beyond has set its Q1 guidance at $0.92-0.96 EPS.
Bed Bath & Beyond (NASDAQ:BBBY) last posted its quarterly earnings results on Wednesday, April 9th. The company reported $1.60 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.60. The company had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.22 billion. During the same quarter in the previous year, the company posted $1.68 earnings per share. The company’s revenue for the quarter was down 5.8% on a year-over-year basis. On average, analysts expect Bed Bath & Beyond to post $5.05 EPS for the current fiscal year and $5.47 EPS for the next fiscal year.
Bed Bath & Beyond (NASDAQ:BBBY) opened at 60.98 on Tuesday. Bed Bath & Beyond has a 52 week low of $59.89 and a 52 week high of $80.82. The stock’s 50-day moving average is $61.31 and its 200-day moving average is $66.95. The company has a market cap of $12.285 billion and a P/E ratio of 12.54.
A number of research firms have recently commented on BBBY. Analysts at Wolfe Research downgraded shares of Bed Bath & Beyond to an “underperform” rating in a research note on Tuesday, June 10th. On a related note, analysts at Wolfe downgraded shares of Bed Bath & Beyond from a “market perform” rating to an “underperform” rating in a research note on Tuesday, June 10th. They now have a $55.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Bed Bath & Beyond in a research note on Thursday, April 24th. They now have a $66.00 price target on the stock. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $73.15.
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).
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