Bed Bath & Beyond(NASDAQ:BBBY) stock fell by 4.02% on Friday after the company reported its Q2 earnings results on Thursday, September 30, 2021 at 07:45 AM.
Here’s what investors need to know about the announcement.
Earnings
Bed Bath & Beyond missed their estimated earnings by 92.31%, which surprised analysts.
Revenue was up $703,000,000 from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $-0.03, which was followed by a 1.95% drop in the share price the next day.
Here’s a look at Bed Bath & Beyond’s past performance and the resulting price change:
| Quarter | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 | Q2 2020 |
|---|---|---|---|---|---|
| EPS Estimate | 0.52 | 0.08 | 0.31 | 0.19 | -0.23 |
| EPS Actual | 0.04 | 0.05 | 0.40 | 0.08 | 0.50 |
| Price Change % | -4.02% | -1.95% | 0.08% | 1.12% | 9.9% |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Bed Bath & Beyond management provided guidance for their next quarter, expecting earnings between $0.0 and $0.05 per share for the nextquarter.
This represents a -37.5% in quarter-over-quarter growth for Bed Bath & Beyond, a bearish signal to many investors.
To track all upcoming earnings announcements, click to use Benzinga Earnings Calendar.
