Bed Bath & Beyond (BBBY) Gains But Lags Market: What You Should Know

Asia's Tech News Daily

In the latest trading session, Bed Bath & Beyond (BBBY) closed at $22.29, marking a +0.09% move from the previous day. The stock lagged the S&P 500’s daily gain of 0.23%. Elsewhere, the Dow lost 0.03%, while the tech-heavy Nasdaq added 0.09%.

Click to get this free report, Zacks Investment Research

– Zacks

Coming into today, shares of the home goods retailer had gained 57.61% in the past month. In that same time, the Retail-Wholesale sector gained 1.44%, while the S&P 500 gained 3.34%.

Investors will be hoping for strength from Bed Bath & Beyond as it approaches its next earnings release. On that day, Bed Bath & Beyond is projected to report earnings of $0.03 per share, which would represent a year-over-year decline of 62.5%. Meanwhile, our latest consensus estimate is calling for revenue of $1.98 billion, down 24.51% from the prior-year quarter.

For the full year, our Zacks Consensus Estimates are projecting earnings of $0.84 per share and revenue of $8.2 billion, which would represent changes of +183.17% and -11.21%, respectively, from the prior year.

It is also important to note the recent changes to analyst estimates for Bed Bath & Beyond. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company’s business and profitability.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.9% higher. Bed Bath & Beyond is currently a Zacks Rank #5 (Strong Sell).

In terms of valuation, Bed Bath & Beyond is currently trading at a Forward P/E ratio of 26.51. This valuation marks a premium compared to its industry’s average Forward P/E of 16.78.

Investors should also note that BBBY has a PEG ratio of 0.5 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company’s expected earnings growth rate into account. Retail – Miscellaneous stocks are, on average, holding a PEG ratio of 0.86 based on yesterday’s closing prices.

The Retail – Miscellaneous industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 105, putting it in the top 42% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.


Zacks’ Top Picks to Cash in on Artificial Intelligence

This world-changing technology is projected to generate $100s of billions by 2025. From self-driving cars to consumer data analysis, people are relying on machines more than we ever have before. Now is the time to capitalize on the 4th Industrial Revolution. Zacks’ urgent special report reveals 6 AI picks investors need to know about today.

See 6 Artificial Intelligence Stocks With Extreme Upside Potential>>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

 

Bed Bath & Beyond Inc. (BBBY): Free Stock Analysis Report

 

To read this article on Zacks.com click here.

 

Zacks Investment Research

Internet Explorer Channel Network
Asia's Tech News Daily
News Related

OTHER NEWS

Big takeaway for Build Back Better: ‘lack of change' for wealthy Americans' taxes

Thomas Barwick | DigitalVision | Getty Images Financial advisors and their clients have waited for tax hikes as Congress hammered out provisions for the Build Back Better Act. But the ... Read more »

Unions plan for national rail strike as job cuts loom

Photograph: Amer Ghazzal/REX/Shutterstock ‘Attacks on pay and pensions’ also expected after Department of Transport tells industry to find savings of 10% Rail unions are drawing up plans for a national ... Read more »

The robot Sophia will now exist in the physical and virtual worlds within the metaverse.

Metaverses are becoming more and more popular, little by little more people and investors are getting involved. This time, the news is that the famous humanoid robot, Sophia , will ... Read more »

Organ grinders digitize their tips to rescue tradition

In Mexico there is a tradition that clings tooth and nail to avoid extinction: the organ grinders . It is difficult to imagine a Sunday afternoon down Alameda Central or ... Read more »

Three Pfizer Vaccine Shots Can Neutralize Omicron Variant

Pfizer Inc (NYSE:PFE) said Wednesday that three shots of its vaccine are effective at neutralizing the Omicron variant of COVID-19. The information stems from a laboratory test the pharma giant ... Read more »

Tax credit aimed at low- to middle-income workers was expanded amid Covid-19. Who stands to benefit most

Joe Amon | MediaNews Group | Denver Post | Getty Images A temporary expansion of a tax credit aimed at workers with low to moderate pay could be extended for ... Read more »

Monzo valuation jumps to $4.5 billion after fresh funding round

A Monzo logo is seen in this illustration LONDON (Reuters) -British digital bank Monzo has completed a fresh funding round valuing the company at $4.5 billion, in a vote of ... Read more »

Elon Musk slams Biden's Build Back Better bill and its electric car incentives

Photograph: Mike Blake/Reuters Elon Musk criticized new incentives and infrastructure for electric vehicles in a huge spending bill backed by Joe Biden, saying he would “delete” the measures and even ... Read more »

Sandeep Kumar Sultania ceases to be chief financial officer of Srei Infrastructure Finance

Srei Infrastructure Finance on Wednesday said Sandeep Kumar Sultania has ceased to be the company’s chief financial officer (CFO). “Sandeep Kumar Sultania has ceased to be the chief financial officer ... Read more »

Top tips to prep your portfolio for 2022

Investors saw it all in 2021. Next year promises a little more upside, according to two top strategists. “Aside from the latest variant, and Covid in general, the underlying economy ... Read more »

What Interior Designers Need to Know About Digital Marketing Sales and Lead Generation

The sales funnel map is part of the customer’s journey. It is composed of digital products intentionally created to encourage your website’s visitors to take specific actions at each stage of ... Read more »

FTSE cools on Omicron fears

Traders had a subdued day after 48 hours of expectations rising that the Omicron variant of Covid-19 may not be as concerning as first thought. But rising case numbers and ... Read more »

Scoop Up Big Gains With 4 Stocks Enjoying Rising Cash Flows

Making profits is undoubtedly a company’s primary goal, but having a healthy cash flow is imperative to its existence, development and success. And why not? Even a company generating profits ... Read more »

Are Options Traders Betting on a Big Move in Globalstar (GSAT) Stock?

Investors in Globalstar, Inc. GSAT need to pay close attention to the stock based on moves in the options market lately. That is because the Dec 23, 2021 $1.50 Call ... Read more »

Coronavirus Stimulus Checks to Workers: Your Job May Get You Some COVID Relief Cash

More federal stimulus checks are unlikely to come, but there are a few groups that are getting targeted payments from their state or local government. One such group is workers ... Read more »

Implied Volatility Surging for Invitae (NVTA) Stock Options

Investors in Invitae Corporation NVTA need to pay close attention to the stock based on moves in the options market lately. That is because the Jan 21, 2022 $40.00 Put ... Read more »

Here's Why Hold is an Apt Strategy for AXIS Capital (AXS)

AXIS Capital Holdings Limited AXS is poised for growth on solid Specialty Insurance, Reinsurance plus Accident and Health insurance portfolio, exit from underperforming lines, investment in more attractive markets, and ... Read more »

Pay Attention To Microcap Oil-Dri Corporation 

Supply Chain Costs Are Still Rising For Oil-Dri Corporation  Oil-Dri Corporation (NYSE: ODC) is not a big company but it is representative of an issue that has been and is ... Read more »

Kinsale (KNSL) Gains 33% in 6 Months: More Room for Upside?

Shares of Kinsale Capital Group KNSL have rallied 32.6% in the last six months against the industry’s decrease of 8.6% and the Finance sector’s decrease of 0.7%. The S&P 500 ... Read more »

Stock Market News for Dec 8, 2021

U.S. stocks closed higher for the second consecutive session on Tuesday as investors shrugged off fears of the Omicron variant of the coronavirus after reports suggested that the mutant is ... Read more »

How to Introduce Customer Financing in Your Business

If you’re going to sell expensive items to customers, you should be prepared to offer your customers some form of financing. Once offered, your customers can take advantage of loans ... Read more »

Company News for Dec 8, 2021

Shares of American Airlines Group Inc. AAL declined 0.2% after the company said that its Chief Executive Officer Doug Parker will retire on Mar 31, 2022 after being in the ... Read more »

Lockheed's (LMT) Arm Wins Deal to Support CH-53K Aircraft

Lockheed Martin Corp.’s LMT business unit, Sikorsky, recently won a contract for procuring long-lead items involving full-rate production of CH-53K aircraft. The Naval Air Systems Command, Patuxent River, MD, offered ... Read more »

Are Options Traders Betting on a Big Move in Sesen Bio (SESN) Stock?

Investors in Sesen Bio, Inc. SESN need to pay close attention to the stock based on moves in the options market lately. That is because the Feb 18, 2022 $2.00 ... Read more »

GATX Selects Lyons as New CEO, Incumbent to Retire in '22

GATX Corporation’s GATX president and CEO, Brian A. Kenney, is set to retire on Apr 22, 2022. He will continue to serve on GATX’s board of directors as non-executive chairman ... Read more »

Growing Pains Cut Into Casey's General Stores, Inc Profits

Inflation Takes A Bite Out Of Casey’s General Stores  Casey’s General Stores, Inc (NASDAQ: CASY) is a solid post-pandemic play and steady growth story and nothing has changed about that. ... Read more »

Bill Gates Gets Emotional About Divorce, Empty Nesting: 'It's Been a Year of Great Personal Sadness For Me'

Never one to publicly overshare about his personal life, Bill Gates took to his blog on Tuesday to share some insight on his emotions following a very heartbreaking divorce as ... Read more »

Australian house prices will keep rising and it's truly depressing for those hoping to get into the market

Photograph: Bloomberg/Getty Images In news that unfortunately will shock no one who has thought about buying a house at any point in the past year or so, the latest residential ... Read more »

Pound tumbles to 2021 low over fears of new Plan B virus curbs

Speculation that the Government could launch new Plan B coronavirus restrictions have caused the pound to drop to its lowest level in 2021 and weighed heavily on UK leisure firms. ... Read more »

Google's 2021 search list: Bernie Sanders ‘mittens' and Squid Game top the trends

Photograph: Brendan Smialowski/AFP/Getty Images Annual list reveals most searched-for terms globally related to sports, investing, Covid and skinny jeans Squid Game, Bernie Sanders’ mittens and how to wear skinny jeans, ... Read more »

New laser breakthrough could allow scientists to transform materials just using light

(Independent) Scientists say they have made a major step towards being able to transform materials using just light. The new breakthrough is a step towards the creation of things such ... Read more »

City watchdog reveals tech recruitment woes

Britain’s City watchdog has become the latest victim of the growing recruitment crisis in the UK as it revealed struggles to hire in-demand technology specialists. Financial Conduct Authority (FCA) chief ... Read more »

Former Theranos CEO Elizabeth Holmes Admits to Inaccuracies in Her First Major Cover Story

On Tuesday, U.S. attorney Robert Leach continued his cross-examination of former Theranos CEO Elizabeth Holmes in her fraud trial after a one-week recess. At one point during the testimony, Leach questioned ... Read more »

Google's Year in Search 2021 Was Led by Sports and 'Squid Games,' But Other Trending Topics Might Surprise You

Google just released its Year in Search for 2021, and it includes some predictable topics in the top slots. Sports took up the top five overall with searches like “Australia vs ... Read more »

Why this month echoes December 2018 when stocks plummeted, according to top strategist

It's been a wild few weeks for markets. A sell-off last week dragged stocks sharply lower with the emergence of the omicron variant of the coronavirus, a more hawkish Federal ... Read more »

To Become a Top Executive, Take Control of Your Personal Brand Today

In today’s search-engine era, numerous search platforms make it easier than ever to find out all you could ever need to know about products, businesses or even personal information about senior-level ... Read more »

From CTV to Programmatic Product Placements: Marketing Trends to Embrace in 2022

The digital marketing landscape has been increasingly dynamic, to put it mildly. Pandemic-related restrictions and data security/privacy regulations made hundreds of companies the reexamine old strategies and platforms for ad ... Read more »

Why You Should Look Into Luxury Niches and Micro-Influencer Marketing

Targeting a niche of clients is the first step in building a strong digital brand for your design business. Unique luxury niches such as yachting and private aviation interior design can level ... Read more »

A song called 'Startup' that your marketing strategy can compose in 2022

By Daniel Munar, Office Manager Colombia & México at Wayra Hispam When we talk about undertaking and entering the world of innovation , we can say that it is the ... Read more »

Bitcoin: Self-proclaimed creator wins right to keep $50B BTC fortune he claims to own

US Bitcoin Trial (Copyright 2021 The Associated Press. All Rights Reserved.) A computer scientist who claims to be the inventor of bitcoin has won a legal battle to keep hold ... Read more »
On free-english-test.com you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic