Bed Bath & Beyond Earnings: Here’s Why the Stock is Rising Now
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 up 2.14%.
Bed Bath & Beyond, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 13.51% to $1.68 in the quarter versus EPS of $1.48 in the year-earlier quarter.
Revenue: Rose 24.49% to $3.4 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Bed Bath & Beyond, Inc. reported adjusted EPS income of $1.68 per share. By that measure, the company missed the mean analyst estimate of $1.68. It beat the average revenue estimate of $3.39 billion.
Quoting Management: There was no comment from the management.
Key Stats (on next page)…
Revenue increased 25.9% from $2.7 billion in the previous quarter. EPS increased 63.11% from $1.03 in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.94 to a profit $0.95. For the current year, the average estimate has moved up from a profit of $4.56 to a profit of $4.57 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)