Bed Bath & Beyond (Nasdaq: BBBY ) is expected to report Q1 earnings around June 29. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Bed Bath & Beyond's revenues will expand 17.3% and EPS will expand 4.5%.
The average estimate for revenue is $2.60 billion. On the bottom line, the average EPS estimate is $0.93.
Last quarter, Bed Bath & Beyond logged revenue of $3.40 billion. GAAP reported sales were 24% higher than the prior-year quarter's $2.73 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $1.68. GAAP EPS of $1.68 for Q4 were 14% higher than the prior-year quarter's $1.48 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 41.0%, 160 basis points worse than the prior-year quarter. Operating margin was 17.6%, 260 basis points worse than the prior-year quarter. Net margin was 11.0%, 180 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $11.68 billion. The average EPS estimate is $4.99.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,118 members out of 1,326 rating the stock outperform, and 208 members rating it underperform. Among 485 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 447 give Bed Bath & Beyond a green thumbs-up, and 38 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Bed Bath & Beyond is outperform, with an average price target of $69.13.
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