Bed Bath & Beyond Inc. BBBY is slated to absolution fourth-quarter budgetary 2017 after-effects on Apr 11. The catechism abiding in investors’ minds is whether or not this home accoutrement banker will be able to bear a absolute balance abruptness in the division to be reported.
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The aggregation acquaint a absolute balance abruptness of 22.2% in the aftermost appear quarter. However, it lagged the Zacks Consensus Estimate by an boilerplate of 1.8% over the abaft four quarters. Let’s see how things are abstraction up above-mentioned to this announcement.
Bed Bath & Beyond Inc. Price, Consensus and EPS Surprise
Bed Bath & Beyond Inc. Price, Consensus and EPS Abruptness | Bed Bath & Beyond Inc. Quote
What to Expect?
The accepted Zacks Consensus Estimate for the division beneath analysis is $1.41 per share, absorption a year-over-year abatement of 23.4%. We agenda that the Zacks Consensus Estimate has remained banausic in the accomplished 30 days. Further, analysts polled by Zacks activity revenues of $3.67 billion, up about 4% from the year-ago quarter.
Notably, Bed Bath & Beyond has outperformed the broader industry in the aftermost three months, absorption absolute broker affect advanced of earnings. The company’s shares inched up 0.3%, adjoin the industry’s abatement of 9.8%.
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Factors at Play
Bed Bath & Beyond is accepting from its focus on transformation plan to bear a seamless chump experience. The transformation plan focuses on convalescent operational ability through the check of IT and business processes, as able-bodied as adopting customer-centric affairs like adorning artefact array and acceptable services.
In this regard, it adopted a new archetypal to bigger admit and accent technology-related needs. It has additionally set up a cardinal portfolio administration appointment (“SPMO”) to admeasure assets against added assisting areas. Through the SPMO, the aggregation is creating an chip portfolio of strategies to advance gross margin, optimize account levels, enhance accumulation alternation and apparatus chump account transformation.
Further, the company’s basic initiatives and connected shareholder-friendly moves augur well. Additionally, the aggregation is advanced able-bodied with its cardinal abundance amplification plans. It additionally targets accretion the abundance of absolute food by adjusting the across and abyss of its commodity offerings to clothing chump preferences. Consequently, it charcoal focused on expanding, renovating and relocating food to acclimate to the alteration bazaar conditions. We accept these initiatives will go a continued way in application the company’s absolute barter while alluring new ones.
However, Bed Bath & Beyond has been grappling with bendable gross and operating margins for the accomplished six abode now. Administration expects this trend to abide in budgetary 2017 due to college aircraft and advertisement costs as able-bodied as acceleration in SG&A expense.
Additionally, the company’s afflictive commensurable abundance sales (comps) trend charcoal a concern. Driven by antecedent comps achievement in the budgetary fourth quarter, it projects comps to abatement in the low-single-digit allotment range. Further, it envisions budgetary 2017 balance per allotment of almost $3.00, which reflects a abatement of added than 30% from the year-ago period.
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Though Bed Bath & Beyond is appetite adamantine to atom a turnaround, the accepted afflictive trends cannot artlessly be overlooked. So, let’s see what is in abundance for the aggregation in the accessible release.
What the Zacks Archetypal Unveils?
Our accurate archetypal shows that Bed Bath & Beyond is acceptable to exhausted balance estimates because it has the appropriate aggregate of two key components. A banal needs to accept both a absolute Balance ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. The aggregation has an Balance ESP of 0.07%. This, forth with the company’s Zacks Rank #3, makes us analytic assured of an balance beat. You can bare the best stocks to buy or advertise afore they’re appear with our Balance ESP Filter.
Stocks Poised to Exhausted Balance Estimates
Here are some companies that you may appetite to accede as our archetypal shows that these accept the appropriate aggregate of elements to column an balance beat:
Amazon.com Inc. AMZN has an Balance ESP of 12.11% and a Zacks Rank #2. You can see the complete account of today’s Zacks #1 Rank stocks here.
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Fastenal Aggregation FAST has an Balance ESP of 0.21% and a Zacks Rank #2.
Kimberly-Clark Corporation KMB has an Balance ESP of 0.76% and a Zacks Rank #2.
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