Bed Bath & Beyond Inc. Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Bed Bath & Beyond, Inc. (NASDAQ:BBBY) will unveil its latest earnings on Wednesday, December 21, 2011. Bed Bath & Beyond is a chain of retail stores that sells products for the home.

Bed Bath & Beyond, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 88 cents per share, a rise of 18.9% 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 86 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 88 cents during the last month. For the year, analysts are projecting profit of $3.83 per share, a rise of 24.8% from last year.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 9 cents, reporting net income of 93 cents per share against a mean estimate of profit of 84 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $2.35 billion in revenue this quarter, a rise of 7.3% from the year ago quarter. Analysts are forecasting total revenue of $9.44 billion for the year, a rise of 7.8% from last year’s revenue of $8.76 billion.

Analyst Ratings: Analysts are bullish on this stock with 12 analysts rating it as a buy, none rating it as a sell and seven rating it as a hold.

A Look Back: In the second quarter, profit rose 26.2% to $229.4 million (93 cents a share) from $181.8 million (70 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 8.3% to $2.31 billion from $2.14 billion.

Key Stats:

The company has seen net income rise in three straight quarters. Net income rose 31.3% in the first quarter and 25.4% in the fourth quarter of the last fiscal year.

Revenue has risen the past four quarters. Revenue rose 9.7% in the first quarter from the year earlier, climbed 11.6% in the fourth quarter of the last fiscal year from the year-ago quarter and 11.1% in the third quarter of the last fiscal year.

Competitors to Watch: Kirkland’s, Inc. (NASDAQ:KIRK), Williams-Sonoma, Inc. (NYSE:WSM), Pier one Imports, Inc. (NYSE:PIR), Walmart (NYSE:WMT), Target (NYSE:TGT), Costco (NASDAQ:COST).

Stock Price Performance: During September 21, 2011 to December 15, 2011, the stock price had risen $3.69 (6.4%) from $57.48 to $61.17. 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, rising 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, falling 6% (-$3.69) over that span. Shares are up $12.02 (+24.5%) year to date.

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

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