Bed Bath & Beyond Inc. (BBBY) Updates Q3 Earnings Guidance
Bed Bath & Beyond Inc. (BBBY) issued an update on its third quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.99-1.04 for the period.
Several analysts have also recently commented on the stock. Analysts at Goldman Sachs raised their price target on shares of Bed Bath & Beyond from $74.00 to $77.00 in a research note to investors on Wednesday. They now have a neutral rating on the stock. On a related note, analysts at SunTrust reiterated a buy rating on shares of Bed Bath & Beyond in a research note to investors on Tuesday. They now have a $85.00 price target on the stock. Finally, analysts at UBS AG raised their EPS on shares of Bed Bath & Beyond in a research note to investors on Tuesday. They now have a neutral rating and a $72.60 price target on the stock. They previously had a $66.00 price target on the stock.
Shares of Bed Bath & Beyond Inc. (BBBY) traded up 0.58% during mid-day trading on Wednesday, hitting $68.79. Bed Bath & Beyond Inc. (BBBY) has a one year low of $53.15 and a one year high of $75.84. The company has a market cap of $15.683 billion and a P/E ratio of 16.11.
Bed Bath & Beyond last posted its quarterly earnings results on Wednesday, September 19th. The company reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by $0.04. Bed Bath & Beyond’s revenue was up 12.1% compared to the same quarter last year. Analysts expect that Bed Bath & Beyond Inc. (BBBY) will post $4.71 EPS for the current fiscal year.
Bed Bath & Beyond Inc. is a chain of retail stores, operating under the names Bed Bath & Beyond (BBB), Christmas Tree Shops (CTS), Harmon and Harmon Face Values (Harmon) and buybuy BABY.
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