BBBY - BBBY Stock: Factors That Could Affect Q3 Earnings
Bed Bath & Beyond Inc. ( NASDAQ:BBBY ) results for the third quarter of fiscal 2022 are scheduled to be released on January 10. In the fiscal quarter that will soon be reported, it is anticipated that this industry-leading specialty retailer will post lower sales and profitability. After hitting an all-time high of $80.48 in January 2014, BBBY stock has plunged and is now trading under $2.00 a share.
BBBY Stock: Q3 Estimates
The Consensus Estimate for the company’s earnings for the fiscal third quarter is pegged at a loss of $1.96 per share, which indicates a fall of 684% compared to the reported figure for the same quarter a year ago. The thirty-day loss forecast has been revised upward by 1.6%. The consensus estimate for sales in the fiscal third quarter is pegged at $1.43 billion, which indicates a fall of 23.6% from the number that was recorded in the previous year.
I anticipate that the total revenues for the company’s fiscal third quarter will fall by 23.1% year over year, coming in at $1,444.5 million. I expect that BBBY will record a loss of $1.78 per share, which is significantly more than the loss of 25 cents per share that it reported in the same quarter one year ago.
The company exceeded expectations with a quarterly profit of 102.5% in the most recent period that was disclosed. In addition, the company’s average negative earnings surprise for the preceding four quarters came in at 1,638.4%.
Important Factors to Keep in Mind
Bed Bath & Beyond has been having a difficult time recently due to slow sales, an inability to compete with other retail giants, and a shift toward private brands. This drove away many devoted clients who had come hunting for their preferred brands. The company’s continued failure to get in-demand fashions onto its shelves and its efforts to offer additional store-branded products have resulted in the company’s deci...
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