Bed Bath & Beyond (BBBY) Stock Moves -0.47%: What You Should Know

This story originally appeared on Zacks

Bed Bath & Beyond (BBBY) closed the last trading day at $ 19.13, down -0.47% from the previous trading session. That change was smaller than the S&P 500’s 0.72% daily loss.

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Today, the household goods retailer’s shares are down 11.79% over the past month. At the same time, the retail-wholesale sector lost 2.61%, while the S&P 500 gained 0.11%.

Investors will be hoping for strength from Bed Bath & Beyond as it nears the next earnings release. The company is expected to post earnings per share of $ 0.03, a decrease of 62.5% from the year-ago quarter. Our latest consensus estimate was for revenue of $ 1.98 billion, down 24.51% from the prior year quarter.

For the full year, our Zacks Consensus Estimates suggest analysts expect earnings per share of $ 0.84 and revenue of $ 8.2 billion. These sums would mean a change of +183.17% or -11.21% compared to the previous year.

Investors should also be aware of any recent changes in analyst estimates for Bed Bath & Beyond. Most recent revisions usually reflect the latest short-term business trends. Therefore, positive estimate revisions reflect analysts’ optimism about the company’s business and profitability.

Based on our research, we believe these valuation revisions are directly related to team-based stock movements. To take advantage of this, we developed the Zacks Rank, a proprietary model that takes these estimation changes into account and provides an actionable rating system.

The Zacks ranking system ranges from # 1 (strong buy) to # 5 (strong sell). He has a remarkable, externally audited track record, with the number 1 stocks posting an average annual return of + 25% since 1988. Within the last 30 days, our consensus EPS forecast has stagnated. Bed Bath & Beyond currently holds a Zacks rank of # 3 (Hold).

Investors should also check out Bed Bath & Beyond’s most recent valuation metrics, including a forward P / E of 22.88. This rating marks a premium to the industry’s average forward P / E of 17.44.

We can also see that BBBY currently has a PEG ratio of 0.43. The PEG ratio is similar to the widely used P / E ratio, but this metric also takes into account the company’s expected earnings growth rate. BBBY’s industry had an average PEG ratio of 0.72 at the close of trading yesterday.

The Retail-Other industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 71, making it the top 28% of all 250+ industries.

Zacks Industry Rank measures the strength of our individual industry groups by measuring the average Zacks rank of individual stocks within the groups. Our research shows that the top rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to use Zacks.com to keep track of all of these stock movement metrics and more in the upcoming trading sessions.

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Bed Bath & Beyond Inc. (BBBY): Free stock analysis report

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