Bed Bath & Beyond Beats Analyst Estimates on EPS
Bed Bath & Beyond (NAS: BBBY) reported earnings on June 20. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended May 26 (Q1), Bed Bath & Beyond met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share increased significantly.
Gross margins dropped, operating margins improved, net margins increased.
Bed Bath & Beyond logged revenue of $2.22 billion. The 21 analysts polled by S&P Capital IQ expected revenue of $2.25 billion on the same basis. GAAP reported sales were 5.1% higher than the prior-year quarter's $2.11 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.89. The 25 earnings estimates compiled by S&P Capital IQ predicted $0.84 per share. GAAP EPS of $0.89 for Q1 were 24% higher than the prior-year quarter's $0.72 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 40.0%, 60 basis points worse than the prior-year quarter. Operating margin was 14.1%, 40 basis points better than the prior-year quarter. Net margin was 9.3%, 70 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $2.47 billion. On the bottom line, the average EPS estimate is $1.03.
Next year's average estimate for revenue is $10.33 billion. The average EPS estimate is $4.63.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,050 members out of 1,258 rating the stock outperform, and 208 members rating it underperform. Among 443 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 400 give Bed Bath & Beyond a green thumbs-up, and 43 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 $76.14.
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The article Bed Bath & Beyond Beats Analyst Estimates on EPS originally appeared on Fool.com.Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Motley Fool newsletter services have recommended buying shares of Bed Bath & Beyond. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.