Canaccord Genuity Lowers Numbers on Bed Bath & Beyond (BBBY); Guidance Falls Short
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Price: $70.69 -1.81%
Rating Summary:
11 Buy, 8 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Rating Summary:
11 Buy, 8 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Trade BBBY Now!
Canaccord Genuity maintains a 'Hold' on Bed Bath & Beyond (NASDAQ: BBBY) price target of $71.00 (from $73.00).
Analyst, Laura Champine, said, "BBBY reported Q1 EPS of $0.89, $0.04 above our estimate and $0.05 ahead of consensus...BBBY guided for Q2 EPS of $0.97-$1.03, excluding any potential impact from the Cost Plus acquisition, which is expected to close in the quarter. (The Linens Holdings acquisition is not expected to have a material effect on EPS in Q2 or FY12.) The prior consensus estimate was $0.05 above the high end of the range. We are reducing our Q2 EPS estimate by $0.02 to $1.07." (FY12 EPS estimate cut from $4.68 to $4.66)
For an analyst ratings summary and ratings history on Bed Bath & Beyond click here. For more ratings news on Bed Bath & Beyond click here.
Shares of Bed Bath & Beyond closed at $73.67 yesterday, with a 52 week range of $48.75-$75.84.
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Analyst, Laura Champine, said, "BBBY reported Q1 EPS of $0.89, $0.04 above our estimate and $0.05 ahead of consensus...BBBY guided for Q2 EPS of $0.97-$1.03, excluding any potential impact from the Cost Plus acquisition, which is expected to close in the quarter. (The Linens Holdings acquisition is not expected to have a material effect on EPS in Q2 or FY12.) The prior consensus estimate was $0.05 above the high end of the range. We are reducing our Q2 EPS estimate by $0.02 to $1.07." (FY12 EPS estimate cut from $4.68 to $4.66)
For an analyst ratings summary and ratings history on Bed Bath & Beyond click here. For more ratings news on Bed Bath & Beyond click here.
Shares of Bed Bath & Beyond closed at $73.67 yesterday, with a 52 week range of $48.75-$75.84.
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