UPDATE: Odeon Capital Upgrades Bed Bath & Beyond (BBBY) to Hold
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Here's What Wall Street Has to Say About Bed Bath & Beyond (BBBY) Stock After Earnings
September 30, 2022 9:42 AM EDTBed Bath & Beyond (NASDAQ: BBBY) stock closed over 4% yesterday to hit 8-week lows after the retailer reported earnings.
BBBY reported a loss per share of $3.22, much worse than the consensus that was calling for a loss per share of $1.80. Revenue for the quarter also came in slightly lower.
The Company anticipates breakeven operating cash flow by the end of fiscal 2022, BBBY said in a statement.
Wall Street analysts have reflected on the BBBY stock today with most of them reiterating their bearish stance.
Here are comments from the top Wall... More
Bed Bath & Beyond (BBBY) PT Lowered to $7 at Jefferies
September 30, 2022 7:07 AM EDTJefferies analyst Jonathan Matuszewski lowered the price target on Bed Bath & Beyond (NASDAQ: BBBY) to $7.00 (from $9.00) while maintaining a Hold rating.... More
'No clear end in sight for BBBY’s cash burn' - BofA
September 30, 2022 6:01 AM EDTBofA analyst Jason Haas on Bed Bath & Beyond (NASDAQ: BBBY): "We estimate a ~$385mn cash burn in 3Q. BBBY guided to operating cash burn continuing in 3Q and break-even operating cash flow in 4Q. This implies BBBY ends 2022 with roughly $465mn of... More
Bed Bath & Beyond (BBBY) Remains 'Fundamentally Challenged' - KeyBanc
September 30, 2022 5:33 AM EDTKeyBanc analyst Bradley Thomas on Bed Bath & Beyond (NASDAQ: BBBY): "BBBY fundamentals remain challenged, with 2Q comps and EPS solidly negative, which aligned with the Companys August 31 strategic update and our proprietary KFL Data. The Company continues to execute inventory mix... More
Bed Bath & Beyond (BBBY) Reiterated Underperform at Telsey, Analyst 'Concerned'
September 30, 2022 5:25 AM EDTTelsey Advisory Group analyst Cristina Fernández on Bed Bath & Beyond (NASDAQ: BBBY) after earnings: " We remain concerned by the magnitude of the sales declines and believe it will be challenging to win consumers back in a softer economic climate when the... More
Popular stocks increasing volume: PLTR NIO OXY BBBY BABA MU INTC BAC
September 30, 2022 3:30 AM EDTPopular stocks increasing volume: PLTR NIO OXY BBBY BABA MU INTC BAC
... MoreS&P 500 Tumbles Deeper Into Bear Market as Apple Leads Tech Rout
September 29, 2022 3:51 PM EDTBy Yasin Ebrahim
Investing.com -- The S&P 500 fell Thursday, as the respite from a day earlier proved short-lived after an Apple rout on concerns about the strength of the consumer triggered a selloff.
The S&P 500 fell 2.6%, the Dow Jones Industrial Average slipped 2%, or 605 points, and the Nasdaq was down 2.6%.
Apple (NASDAQ: AAPL) fell more than 5% after Bank of America downgraded the company to Neutral from Buy, citing worries about a slowdown in consumer spending.
The tech giant is expected to face... More
Apple, Amazon, American Airlines Fall Premarket; Bed Bath&Beyond Rises
September 29, 2022 9:05 AM EDTBy Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Thursday, September 29th. Please refresh for updates.
Apple (NASDAQ: AAPL) stock fell 2.2% after Bank of America downgraded its stance on the iPhone maker to neutral from buy, saying falling discretionary spending will result in underperformance.
Coinbase (NASDAQ:... More
Analyst Explains Why Bed Bath & Beyond (BBBY) Stock is Rallying Despite a Big EPS Loss
September 29, 2022 9:05 AM EDTBed Bath & Beyond (NASDAQ: BBBY) shares are up about 5% despite the company reporting worse-than-expected earnings for its second quarter.
Bed Bath & Beyond reported a loss per share of $3.22, much worse than the analyst estimate that called for a loss per share of $1.80. Revenue for the quarter came in at $1.44 billion... More
Bed Bath & Beyond says turnaround gaining traction as it posts Q2 loss
September 29, 2022 7:33 AM EDTBy Arriana McLymore
(Reuters) -Bed Bath & Beyond Inc on Thursday said it is seeing early signs that efforts to clear excess inventory are working and it expects its cash flow to break even in the fourth quarter, even as it reported a bigger-than-expected second-quarter loss.
"Of the owned brand inventory that we targeted and was comprised in our reserve, we've made headway in Q2 through about 1/3 of that inventory," Interim Chief Financial Officer Lauren Crossen told investors.
Once known to be a "category killer" in home goods, Bed Bath's stock and fortunes have slumped... More
Bed Bath & Beyond (BBBY) Misses Q2 EPS by $1.42
September 29, 2022 7:31 AM EDTBed Bath & Beyond (NASDAQ: BBBY) reported Q2 EPS of ($3.22), $1.42 worse than the analyst estimate of ($1.80). Revenue for the quarter came in at $1.44 billion versus the consensus estimate of $1.47 billion.
Fiscal 2022 Outlook Commentary:
As previously announced with the Company's Business and... More