Bed Bath & Beyond closed the most recent trading day at $13.15, moving -1.87% from the previous trading session. This change lagged the S&P 500's daily loss of 0.04%. Elsewhere, the Dow gained 0.26%, while the tech-heavy Nasdaq lost 0.48%.
Heading into today, shares of the home goods retailer had lost 29.95% over the past month, lagging the Retail-Wholesale sector's loss of 9.21% and the S&P 500's loss of 4.53% in that time.
Investors will be hoping for strength from BBBY as it approaches its next earnings release, which is expected to be December 19, 2018. On that day, BBBY is projected to report earnings of $0.17 per share, which would represent a year-over-year decline of 61.36%. Our most recent consensus estimate is calling for quarterly revenue of $3.04 billion, up 2.93% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.99 per share and revenue of $12.14 billion. These totals would mark changes of -36.22% and -1.67%, respectively, from last year.
Any recent changes to analyst estimates for BBBY should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 13.87% lower. BBBY is currently sporting a Zacks Rank of #5 (Strong Sell).
Looking at its valuation, BBBY is holding a Forward P/E ratio of 6.74. Its industry sports an average Forward P/E of 12.04, so we one might conclude that BBBY is trading at a discount comparatively.
Investors should also note that BBBY has a PEG ratio of 6.74 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. BBBY's industry had an average PEG ratio of 1.57 as of yesterday's close.
The Retail - Miscellaneous industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 109, putting it in the top 43% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Bed Bath & Beyond (BBBY) Dips More Than Broader Markets: What You Should Know
Bed Bath & Beyond closed the most recent trading day at $13.15, moving -1.87% from the previous trading session. This change lagged the S&P 500's daily loss of 0.04%. Elsewhere, the Dow gained 0.26%, while the tech-heavy Nasdaq lost 0.48%.
Heading into today, shares of the home goods retailer had lost 29.95% over the past month, lagging the Retail-Wholesale sector's loss of 9.21% and the S&P 500's loss of 4.53% in that time.
Investors will be hoping for strength from BBBY as it approaches its next earnings release, which is expected to be December 19, 2018. On that day, BBBY is projected to report earnings of $0.17 per share, which would represent a year-over-year decline of 61.36%. Our most recent consensus estimate is calling for quarterly revenue of $3.04 billion, up 2.93% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.99 per share and revenue of $12.14 billion. These totals would mark changes of -36.22% and -1.67%, respectively, from last year.
Any recent changes to analyst estimates for BBBY should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 13.87% lower. BBBY is currently sporting a Zacks Rank of #5 (Strong Sell).
Looking at its valuation, BBBY is holding a Forward P/E ratio of 6.74. Its industry sports an average Forward P/E of 12.04, so we one might conclude that BBBY is trading at a discount comparatively.
Investors should also note that BBBY has a PEG ratio of 6.74 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. BBBY's industry had an average PEG ratio of 1.57 as of yesterday's close.
The Retail - Miscellaneous industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 109, putting it in the top 43% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.