Nomura Securities Adjusts Estimates on Bed Bath & Beyond (BBBY); Q1 Review
Tweet
Share
E-mailGet Alerts BBBY Hot Sheet
Price: $0.08 --0%
Rating Summary:
4 Buy, 17 Hold, 14 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 17 | Down: 14 | New: 17
Rating Summary:
4 Buy, 17 Hold, 14 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 17 | Down: 14 | New: 17
Join SI Premium – FREE
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.
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- BayCom Corp (BCML) Misses Q1 EPS by 4c
- Independent Bank (INDB) Misses Q1 EPS by 3c
- HSBC Upgrades Topdanmark (TOP:DC) (TPDKY) to Hold
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS ViewRelated Entities
Nomura, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
