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Can Bed Bath & Beyond Outperform Analysts' Estimates in 1Q17?

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Can Bed Bath & Beyond Outperform Analysts' Estimates in 1Q17? PART 1 OF 6

Could Bed Bath & Beyond’s 1Q17 Earnings Boost Its Stock?

Stock performance

American home improvement retailer Bed Bath & Beyond (BBBY) is scheduled to announce its 1Q17 earnings after the market closes on June 22, 2017.

Could Bed Bath &amp; Beyond&#8217;s 1Q17 Earnings Boost Its Stock?

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Since the announcement of its 4Q16 earnings on April 5, 2017, BBBY stock has fallen 4.9%. During its 4Q16 earnings call, management announced that it’s expecting its 2017 earnings to fall in the low single digits to 10.0% range. Management expects the fall in margins and a higher tax rate to lower its earnings. The announcement could have led to the fall in BBBY stock.

Year-to-date performance

In 2016, BBBY stock fell 15.8% due to lower same-store sales growth and a fall in profitability. The stock continues to struggle in 2017 with its stock falling 11.6% YTD (year-to-date). During the same period, peers Home Depot (HD), Lowe’s Companies (LOW), and Williams-Sonoma (WSM) have returned 16.9%, 13.0%, and 0.80% YTD, respectively.

The comparative indexes, the S&P 500 Index (SPX-INDEX) and the Consumer Discretionary Select Sector SPDR ETF (XLY), have returned 8.6% and 11.1%, respectively, since the beginning of 2017.

Series overview

With BBBY’s earnings just around the corner, we’ll look at analysts’ 1Q17 expectations in this series. We’ll also look at management’s guidance and analysts’ estimates. Finally, we’ll wrap up the series by looking at BBBY’s valuation multiple and analysts’ recommendations.

Let’s start by looking at analysts’ revenue estimates.

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