Bed Bath & Beyond Earnings: Here’s Why Investors Don’t Like These Results
Bed Bath & Beyond, Inc. (NASDAQ:BBBY) delivered a profit and met Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0.72%.
Bed Bath & Beyond, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 4.49% to $0.93 in the quarter versus EPS of $0.89 in the year-earlier quarter.
Revenue: Rose 17.75% to $2.61 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Bed Bath & Beyond, Inc. reported adjusted EPS income of $0.93 per share. By that measure, the company met the mean analyst estimate of $0.93. It beat the average revenue estimate of $2.6 billion.
Quoting Management: There was no comment from management.
Key Stats (on next page)…
Revenue decreased 23.21% from $3.4 billion in the previous quarter. EPS decreased 44.64% from $1.68 in the previous quarter.
Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $1.14 and has not changed. For the current year, the average estimate has moved down from a profit of $5.03 to a profit of $5.02 over the last ninety days.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)