Bath & Body Works (NYSE:BBWI) reported its Q2 earnings results on Wednesday, August 17, 2022 at 04:15 PM.
Here's what investors need to know about the announcement.
Bath & Body Works (NYSE:BBWI) reported quarterly earnings of $0.52 per share which beat the analyst consensus estimate of $0.45 by 15.56 percent. This is a 61.19 percent decrease over earnings of $1.34 per share from the
Consumer discretionary stocks are often hit particularly hard when the U.S. economy slips into a recession. Short sellers were hoping rising interest rates, persistently elevated inflation and two consecutive quarters of negative GDP growth would keep the S&P 500 trending lower in the second half of 2022, but so far that hasn't been the case.
Telsey Advisory Group analyst Dana Telsey reiterated Outperform rating on Bath & Body Works Inc (NYSE: BBWI) and lowered the price target to $40 from $60 (23% upside)
Over the past 3 months, 26 analysts have published their opinion on Bath & Body Works (NYSE:BBWI) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.