Bed Bath & Beyond (BBBY) to Release Earnings on Wednesday

Bed Bath & Beyond (NASDAQ:BBBY) is set to release its earnings data after the market closes on Wednesday, July 8th. Analysts expect Bed Bath & Beyond to post earnings of ($1.42) per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Bed Bath & Beyond (NASDAQ:BBBY) last released its earnings results on Wednesday, April 15th. The retailer reported $0.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.18. Bed Bath & Beyond had a negative net margin of 5.50% and a positive return on equity of 3.03%. The firm had revenue of $3.11 billion for the quarter, compared to analyst estimates of $3.08 billion. During the same period in the prior year, the firm earned $1.20 earnings per share. The business’s quarterly revenue was down 6.1% compared to the same quarter last year. On average, analysts expect Bed Bath & Beyond to post $-2 EPS for the current fiscal year and $0 EPS for the next fiscal year.

BBBY stock opened at $10.82 on Wednesday. The company’s 50 day moving average price is $8.04 and its 200 day moving average price is $10.12. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.70 and a current ratio of 1.55. Bed Bath & Beyond has a fifty-two week low of $3.43 and a fifty-two week high of $17.79. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of -2.22 and a beta of 2.41.

A number of research firms recently weighed in on BBBY. BidaskClub upgraded shares of Bed Bath & Beyond from a “hold” rating to a “buy” rating in a research note on Tuesday, June 23rd. Odeon Capital Group upgraded shares of Bed Bath & Beyond from a “hold” rating to a “buy” rating in a research note on Tuesday, May 26th. Loop Capital cut their target price on shares of Bed Bath & Beyond from $12.00 to $5.00 and set a “hold” rating on the stock in a research note on Wednesday, April 8th. Morgan Stanley lowered shares of Bed Bath & Beyond from an “equal weight” rating to an “underweight” rating in a research note on Monday, March 16th. Finally, Cfra dropped their price target on shares of Bed Bath & Beyond from $5.00 to $3.00 and set a “sell” rating on the stock in a research note on Thursday, April 16th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $10.53.

Bed Bath & Beyond Company Profile

Bed Bath & Beyond Inc, together with its subsidiaries, operates a chain of retail stores. It sells a range of domestics merchandise, including bed linens and related items, bath items, and kitchen textiles; and home furnishings, such as kitchen and tabletop items, fine tabletop, basic housewares, general home furnishings, consumables, and various juvenile products.

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

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