Barnes & Noble (BKS) Releases Quarterly Earnings, Misses Expectations By $0.13 EPS
Barnes & Noble (NYSE:BKS) issued its quarterly earnings data on Wednesday. The company reported ($0.72) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.59) by $0.13, Stock Ratings Network reports. The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the prior year, the company posted ($2.11) earnings per share. The company’s quarterly revenue was up 3.5% on a year-over-year basis.
BKS has been the subject of a number of recent research reports. Analysts at Maxim Group reiterated a “positive” rating on shares of Barnes & Noble in a research note on Thursday, June 5th. Analysts at Zacks downgraded shares of Barnes & Noble from an “outperform” rating to a “neutral” rating in a research note on Tuesday, April 29th. They now have a $21.70 price target on the stock.
Barnes & Noble (NYSE:BKS) opened at 20.56 on Wednesday. Barnes & Noble has a 1-year low of $12.59 and a 1-year high of $22.41. The stock has a 50-day moving average of $18.30 and a 200-day moving average of $17.35. The company’s market cap is $1.229 billion.
Barnes & Noble, Inc (NYSE:BKS) is a bookseller.
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