Bed Bath & Beyond (NASDAQ:BBBY) issued an update on its third quarter 2021 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.000-$0.050 for the period, compared to the Thomson Reuters consensus estimate of $0.280. The company issued revenue guidance of $1.96 billion-$2 billion, compared to the consensus revenue estimate of $2.02 billion.Bed Bath & Beyond also updated its FY 2021 guidance to $0.700-$1.100 EPS.
Shares of BBBY stock opened at $14.44 on Thursday. The company’s fifty day simple moving average is $23.90 and its 200-day simple moving average is $26.71. Bed Bath & Beyond has a 52 week low of $14.10 and a 52 week high of $53.90. The company has a current ratio of 1.56, a quick ratio of 0.80 and a debt-to-equity ratio of 1.07. The company has a market cap of $1.46 billion, a PE ratio of 19.51 and a beta of 1.82.
Bed Bath & Beyond (NASDAQ:BBBY) last issued its earnings results on Thursday, September 30th. The retailer reported $0.04 EPS for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.48). The business had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $2.06 billion. Bed Bath & Beyond had a net margin of 1.02% and a return on equity of 9.10%. The business’s revenue was down 26.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.50 EPS. Equities research analysts expect that Bed Bath & Beyond will post 1.54 EPS for the current fiscal year.
About Bed Bath & Beyond
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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