Bed Bath & Beyond Inc. (BBBY) : Q216 Earnings Whisper

Bed Bath & Beyond Inc. (BBBY) is scheduled to release its fiscal 2016 second quarter earnings results after the market close on Thursday. Wall Street analysts are on average expecting BBBY to post $3.03 billion in sales during the quarter. This would show a 10.58% increase from the Q116 revenue of $2.74 billion and an increase of 13.91% from the same period in Q115. EPS in Q216 are expected to come in at $1.21, a growth rate of 3.42% from $1.17 per share a year earlier. Meanwhile, reports a whisper number of $1.22 per share.

As a quick reminder, BBBY reported Q116 EPS of $0.93, $0.01 lower than the Street’s consensus estimate. Revs decreased 14.38% yoy to $2.74 billion versus the $2.74 billion consensus.

Bed Bath & Beyond Inc., currently valued at $10.15 billion, has a median Wall Street price target of $70.50 with a high target of $88.00. In the past 52 weeks, shares of Union, New Jersey-based retailer have traded between a low of $58.81 and a high of $79.64 with the 50-day MA and 200-day MA located at $62.25 and $68.93 levels, respectively. Additionally, shares of BBBY trade at a P/E ratio of 1.80 and have a Relative Strength Index (RSI) and MACD indicator of 36.70 and -1.39, respectively.

BBBY currently prints a one year loss of 4.55% and a year-to-date loss of 21.44%.

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