Bed Bath & Beyond’s Upcoming Earnings Report

I had a mistake in Friday’s CWS Market Review. I said that Oracle ($ORCL) is the only Buy List company to report earnings this week. That’s not right; Bed Bath & Beyond ($BBBY) will report its fiscal third-quarter earnings on Wednesday, December 21st.

This was a bad oversight on my part because BBBY had a great earnings report three months ago. In September, the company said it earned 93 cents per share which was nine cents more than Wall Street’s expectations. They had told investors to expect fiscal Q2 earnings to range between 77 and 82 cents per share.

For the third quarter, BBBY projects earnings between 82 and 87 cents per share. The company also raised their full-year guidance to earnings growth of 22% to 25%.

This is the second time that BBBY has raised their full-year growth forecast this year. They went from forecasting an earnings increase of 10% – 15% to a revised range of 15% – 20% to the current range of 22% – 25%. For 2010, Bed Bath & Beyond earned $3.07 per share, so the updated forecast translates to a range of $3.74 – $3.84 per share.

Posted by on December 19th, 2011 at 9:27 am


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