Nomura Securities Adjusts Estimates on Bed Bath & Beyond (BBBY); Q1 Review
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Price: $68.10 -0.64%
Rating Summary:
10 Buy, 9 Hold, 3 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Rating Summary:
10 Buy, 9 Hold, 3 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Trade BBBY Now!
Nomura Securities maintains a 'Neutral' on Bed Bath & Beyond (NASDAQ: BBBY) price target of $66.00.
Analyst, Aram Rubinson, said, "BBBY reported Q1 EPS of $0.89, beating the consensus estimate of $0.84. Comps of 3% were shy of our 4% projection. Cost reductions continue to drive earnings growth. We suspect that BBBY has realized more expense savings than what it will later uncover. Three years into BBBY’s cost-cutting story, we now look for the relationship between SSS and GMs to be the strongest component of earnings growth. We model FQ2 EPS to grow 12% y-y (to $1.04) vs our prior expectation for a 15% gain ($1.07). Our full-year EPS estimate of $4.60 is $0.05 higher."
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, Aram Rubinson, said, "BBBY reported Q1 EPS of $0.89, beating the consensus estimate of $0.84. Comps of 3% were shy of our 4% projection. Cost reductions continue to drive earnings growth. We suspect that BBBY has realized more expense savings than what it will later uncover. Three years into BBBY’s cost-cutting story, we now look for the relationship between SSS and GMs to be the strongest component of earnings growth. We model FQ2 EPS to grow 12% y-y (to $1.04) vs our prior expectation for a 15% gain ($1.07). Our full-year EPS estimate of $4.60 is $0.05 higher."
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.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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