Nomura Securities Maintains a 'Buy' on Bed Bath and Beyond (BBBY); Q1 Recap
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Price: $4.35 -2.03%
Rating Summary:
4 Buy, 17 Hold, 14 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
4 Buy, 17 Hold, 14 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Nomura Securities maintains a 'Buy' on Bed Bath and Beyond (NASDAQ: BBBY).
Nomura analyst, Aram Rubinson, said, "BBBY reported strong FQ1 results with EPS of $0.72 compared with Street expectations of $0.62 and our Street-high estimate of $0.66. Comps of +7% were also ahead of the Street’s +4.8% expectation. We were higher at +6%. We are raising our F2011 EPS estimate to $3.75 from $3.67. That is due to FQ1 upside together with continued discipline on SG&A, which actually declined 0.5% on a per foot basis. Our F2012 EPS estimate increasee to $4.50 from $4.40: 15% ahead of consensus."
For more ratings news on Bed Bath and Beyond click here and for the rating history of Bed Bath and Beyond click here.
Shares of Bed Bath and Beyond closed at $54.06 yesterday.
Nomura analyst, Aram Rubinson, said, "BBBY reported strong FQ1 results with EPS of $0.72 compared with Street expectations of $0.62 and our Street-high estimate of $0.66. Comps of +7% were also ahead of the Street’s +4.8% expectation. We were higher at +6%. We are raising our F2011 EPS estimate to $3.75 from $3.67. That is due to FQ1 upside together with continued discipline on SG&A, which actually declined 0.5% on a per foot basis. Our F2012 EPS estimate increasee to $4.50 from $4.40: 15% ahead of consensus."
For more ratings news on Bed Bath and Beyond click here and for the rating history of Bed Bath and Beyond click here.
Shares of Bed Bath and Beyond closed at $54.06 yesterday.
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