- 17 Dec '17 at 11:47 pm #13942
Bed Bath & Beyond $BBBY reports earnings after the close…
[article]441[/article]18 Dec '17 at 9:24 pm #13960TrumanParticipant
Those coupons are a must – never leave home without them the wife says!21 Dec '17 at 7:00 am #14029
Bed Bath & Beyond $BBBY third-quarter per-share earnings above Wall Street expectations and comparable-store sales that declined less than forecasts.
Bed Bath & Beyond earned $61.3 million, or 44 cents a share, in the quarter, compared with $126 million, or 85 cents a share, in the year-ago period. Net sales fell slightly to $2.954 billion, from $2.955 billion a year ago. Analysts polled by FactSet had expected earnings of 38 cents a share on sales of $2.90 billion.
Comparable-store sales fell 0.3% in the quarter. The analysts surveyed by FactSet had expected a 2.4% decline.
$BBBY board of directors also declared a dividend of 15 cents a share, payable April 15 to shareholders of record March 16.21 Dec '17 at 7:06 am #14030
Despite the beat on forecasts $BBBY reversed down 5% after being up 5% After hours
Bed Bath & Beyond Inc NASDAQ: BBBY · December 20 2017 After Hours 23.24▼ 1.33 (5.41%)24 Dec '17 at 8:24 am #14105
Bed Bath & Beyond Inc. (NASDAQ: $BBBY) Analyst Reaction After Earnings
Jefferies reiterated it at Hold with a $25 price target.
Wedbush Securities maintained Neutral rating and lowered its price target to $23.
Credit Suisse reiterated its Neutral rating, noting margins are falling and that its stabilization path unclear.
Merrill Lynch reiterated Underperform rating and $19 price objective.24 Dec '17 at 9:37 pm #14115MoneyNeverSleepsParticipant
Will be watching these guys – and all the retailers after Christmas to see how they fared20 Mar '18 at 9:59 pm #15678
Ahead of earnings Bed Bath & Beyond $BBBY maintained as Neutral with a $23 target price at Wedbush Securities noting the bar is set low, but it’s still too early to call a turn in its medium-term outlook.
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