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Bed Bath & Beyond (BBBY) Surges 12.2%: Is This an Indication of Further Gains?
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Bed Bath & Beyond (BBBY - Free Report) shares ended the last trading session 12.2% higher at $6.7. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 6.9% loss over the past four weeks.
Bed Bath & Beyond is benefiting from AI-driven strategies for personalization and conversion, enhanced customer experience, investments in technology and PropTech solutions, strategic acquisitions, and the expansion of its "Everything Home" ecosystem.
This online discount retailer is expected to post a quarterly loss of $0.23 per share in its upcoming report, which represents a year-over-year change of +74.7%. Revenues are expected to be $265.45 million, down 12.4% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Bed Bath & Beyond, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on BBBY going forward to see if this recent jump can turn into more strength down the road.
Bed Bath & Beyond belongs to the Zacks Internet - Commerce industry. Another stock from the same industry, Travelzoo (TZOO - Free Report) , closed the last trading session 0.9% lower at $6.69. Over the past month, TZOO has returned -4.5%.
For Travelzoo, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.11. This represents a change of -57.7% from what the company reported a year ago. Travelzoo currently has a Zacks Rank of #5 (Strong Sell).
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Bed Bath & Beyond (BBBY) Surges 12.2%: Is This an Indication of Further Gains?
Bed Bath & Beyond (BBBY - Free Report) shares ended the last trading session 12.2% higher at $6.7. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 6.9% loss over the past four weeks.
Bed Bath & Beyond is benefiting from AI-driven strategies for personalization and conversion, enhanced customer experience, investments in technology and PropTech solutions, strategic acquisitions, and the expansion of its "Everything Home" ecosystem.
This online discount retailer is expected to post a quarterly loss of $0.23 per share in its upcoming report, which represents a year-over-year change of +74.7%. Revenues are expected to be $265.45 million, down 12.4% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Bed Bath & Beyond, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on BBBY going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Bed Bath & Beyond belongs to the Zacks Internet - Commerce industry. Another stock from the same industry, Travelzoo (TZOO - Free Report) , closed the last trading session 0.9% lower at $6.69. Over the past month, TZOO has returned -4.5%.
For Travelzoo, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.11. This represents a change of -57.7% from what the company reported a year ago. Travelzoo currently has a Zacks Rank of #5 (Strong Sell).