Analysts Anticipate Bed Bath & Beyond Inc. (NASDAQ:BBBY) Will Post Earnings of -$1.28 Per Share

Wall Street analysts expect Bed Bath & Beyond Inc. (NASDAQ:BBBYGet Rating) to post earnings per share (EPS) of ($1.28) for the current quarter, Zacks Investment Research reports. Nine analysts have made estimates for Bed Bath & Beyond’s earnings. The lowest EPS estimate is ($2.09) and the highest is ($0.90). Bed Bath & Beyond reported earnings per share of $0.05 during the same quarter last year, which would suggest a negative year over year growth rate of 2,660%. The company is scheduled to announce its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Bed Bath & Beyond will report full-year earnings of ($2.47) per share for the current fiscal year, with EPS estimates ranging from ($3.31) to ($1.45). For the next fiscal year, analysts anticipate that the firm will report earnings of ($0.59) per share, with EPS estimates ranging from ($2.80) to $1.00. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Bed Bath & Beyond.

Bed Bath & Beyond (NASDAQ:BBBYGet Rating) last released its earnings results on Wednesday, April 13th. The retailer reported ($0.92) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.94). Bed Bath & Beyond had a negative net margin of 7.11% and a negative return on equity of 14.09%. The business had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.08 billion. During the same period in the prior year, the company earned $0.40 earnings per share. The firm’s revenue for the quarter was down 21.7% on a year-over-year basis.

Several equities research analysts recently commented on the stock. The Goldman Sachs Group reduced their price target on shares of Bed Bath & Beyond from $14.00 to $7.00 and set a “sell” rating for the company in a research report on Thursday, April 14th. Morgan Stanley reduced their price target on shares of Bed Bath & Beyond from $8.00 to $7.00 and set an “underweight” rating for the company in a research report on Thursday, April 14th. B. Riley reduced their price target on shares of Bed Bath & Beyond from $26.00 to $17.00 and set a “na” rating for the company in a research report on Tuesday, May 17th. StockNews.com assumed coverage on shares of Bed Bath & Beyond in a research report on Thursday, March 31st. They issued a “sell” rating for the company. Finally, Wells Fargo & Company reduced their price target on shares of Bed Bath & Beyond from $20.00 to $10.00 in a research report on Wednesday, April 13th. Eight research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. Based on data from MarketBeat, Bed Bath & Beyond presently has a consensus rating of “Sell” and a consensus price target of $13.00.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Captrust Financial Advisors increased its stake in shares of Bed Bath & Beyond by 7.5% during the 3rd quarter. Captrust Financial Advisors now owns 7,965 shares of the retailer’s stock worth $138,000 after purchasing an additional 554 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Bed Bath & Beyond by 2.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,706 shares of the retailer’s stock valued at $331,000 after buying an additional 645 shares during the last quarter. Eaton Vance Management grew its stake in Bed Bath & Beyond by 2.9% in the 4th quarter. Eaton Vance Management now owns 27,118 shares of the retailer’s stock valued at $338,000 after buying an additional 768 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Bed Bath & Beyond by 7.9% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,431 shares of the retailer’s stock valued at $303,000 after buying an additional 986 shares during the last quarter. Finally, Teacher Retirement System of Texas grew its stake in Bed Bath & Beyond by 6.7% in the 3rd quarter. Teacher Retirement System of Texas now owns 16,774 shares of the retailer’s stock valued at $290,000 after buying an additional 1,055 shares during the last quarter.

BBBY stock traded up $0.69 on Friday, hitting $9.23. 5,103,538 shares of the company’s stock traded hands, compared to its average volume of 7,568,966. Bed Bath & Beyond has a 1-year low of $7.51 and a 1-year high of $44.51. The stock has a market cap of $736.98 million, a price-to-earnings ratio of -1.60 and a beta of 1.78. The stock has a fifty day moving average of $15.89 and a 200-day moving average of $16.82. The company has a current ratio of 1.14, a quick ratio of 0.31 and a debt-to-equity ratio of 6.77.

About Bed Bath & Beyond (Get Rating)

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 and Estimates for Bed Bath & Beyond (NASDAQ:BBBY)

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