Can Bed Bath & Beyond Beat These Numbers?
Bed Bath & Beyond (NAS: BBBY) is expected to report Q3 earnings around Dec. 19. 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 grow 16.5% and EPS will grow 7.4%.
The average estimate for revenue is $2.73 billion. On the bottom line, the average EPS estimate is $1.02.
Last quarter, Bed Bath & Beyond tallied revenue of $2.59 billion. GAAP reported sales were 12% higher than the prior-year quarter's $2.31 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 $0.98. GAAP EPS of $0.98 for Q2 were 5.4% higher than the prior-year quarter's $0.93 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 39.8%, 130 basis points worse than the prior-year quarter. Operating margin was 14.1%, 200 basis points worse than the prior-year quarter. Net margin was 8.7%, 120 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $10.95 billion. The average EPS estimate is $4.62.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,098 members out of 1,317 rating the stock outperform, and 219 members rating it underperform. Among 437 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 394 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 $75.55.
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The article Can Bed Bath & Beyond Beat These Numbers? 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. The Motley Fool has no positions in the stocks mentioned above. Motley Fool newsletter services recommend 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.