Bed Bath & Beyond, Inc. (NASDAQ:BBBY)
Bed Bath & Beyond is slated to post its first quarter 2016 earnings today, Wednesday, June 22, 2016 after the market close. The consensus is for earnings of $0.86 per share on revenues of $2.78 billion. Shares of BBBY have been under constant pressure since early 2015 and the stock has respected a very defined descending resistance trend line. As of today, BBBY is trading near yearly lows, creating a strong pivot point.
Let’s take a look at what the analysts have to say before the report hits.
Analyst Expectations
The analyst team at RW Baird had the following notes out back on June 16 on the BBBY earnings report:
Thoughts into 1Q. Based on generally softer demand indications during April/May, we are trimming our 1Q comp/EPS estimates to +0.8%/$0.85 from +1.5%/$0.88 (Street’s at +0.6%/$0.86). While we believe management is making the appropriate strategic investments to enhance relevance in today’s omni-channel world, gross/EBIT margins will likely remain under pressure this year (and potentially longer). Valuation appears undemanding at
About Bed Bath & Beyond, Inc.
Bed Bath & Beyond Inc, together with its subsidiaries, operates a chain of retail stores. It sells a range of domestics merchandise, including bed linens and related items, bath items, and kitchen textiles; and home furnishings, such as kitchen and tabletop items, fine tabletop, basic housewares, general home furnishings, consumables, and juvenile products. It also provides various textile products, amenities, and other goods to institutional customers in the hospitality, cruise line, healthcare, and other industries. The company operates stores under the Bed Bath & Beyond (BBB); Christmas Tree Shops; Christmas Tree Shops andThat! or andThat! (CTS); Harmon or Harmon Face Values (Harmon); buybuy BABY (Baby); and World Market, Cost Plus World Market, and Cost Plus (Cost Plus World Market) names.
As of February 27, 2016, the company had a total of 1,530 stores, including 1,020 BBB stores; 276 stores under the names of Cost Plus World Market; 105 Baby stores; 78 stores under the CTS names; and 51 stores under the Harmon names in 50 states, the District of Columbia, Puerto Rico, and Canada, as well as through bedbathandbeyond.com, bedbathandbeyond.ca, christmastreeshops.com, andthat.com, harmondiscount.com, facevalues.com, buybuybaby.com, buybuybaby.ca, worldmarket.com, and ofakind.com Websites. Bed Bath & Beyond Inc. was founded in 1971 and is based in Union, New Jersey.