Bed Bath & Beyond Earnings: Here’s Why the Stock is Up Now
Bed Bath & Beyond, Inc. (NASDAQ:BBBY) delivered a profit and beat 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 4.92%.
Bed Bath & Beyond, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 18.37% to $1.16 in the quarter versus EPS of $0.98 in the year-earlier quarter.
Revenue: Rose 8.91% to $2.82 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Bed Bath & Beyond, Inc. reported adjusted EPS income of $1.16 per share. By that measure, the company beat the mean analyst estimate of $1.15. It beat the average revenue estimate of $2.81 billion.
Key Stats (on next page)…
Revenue increased 8.11% from $2.61 billion in the previous quarter. EPS increased 24.73% from $0.93 in the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $1.13 to a profit $1.12. For the current year, the average estimate is a profit of $5.01, which is the same with that ninety days ago.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)