Bed Bath & Beyond First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Bed Bath & Beyond (NASDAQ:BBBY) will unveil its latest earnings on Wednesday, June 20, 2012. Bed Bath & Beyond is a chain of retail stores that sells products for the home.

Bed Bath & Beyond Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 84 cents per share, a rise of 16.7% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 83 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 84 cents during the last month. Analysts are projecting profit to rise by 13.8% compared to last year’s $4.62.

Past Earnings Performance: Last quarter, the company beat estimates by 15 cents, coming in at net income of $1.48 a share versus the estimate of profit of $1.33 a share. It marked the fourth straight quarter of beating estimates.

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Stock Price Performance: Between March 20, 2012 and June 14, 2012, the stock price rose $6.19 (9.4%), from $65.82 to $72.01. The stock price saw one of its best stretches over the last year between November 1, 2011 and November 8, 2011, when shares rose for six straight days, increasing 3.1% (+$1.92) over that span. It saw one of its worst periods between November 15, 2011 and November 25, 2011 when shares fell for eight straight days, dropping 6% (-$3.69) over that span.

Wall St. Revenue Expectations: Analysts are projecting a rise of 6.6% in revenue from the year-earlier quarter to $2.25 billion.

Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 3.09 last quarter. Having a ratio above 2:1 is usually considered a good indicator of a company’s liquidity and ability to meet creditor demands.

Analyst Ratings: With 14 analysts rating the stock a buy, one rating it a sell and six rating the stock a hold, there are indications of a bullish stance by analysts.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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