Bed Bath & Beyond (NASDAQ:BBBY) Issues FY20 Earnings Guidance
Bed Bath & Beyond (NASDAQ:BBBY) updated its FY20 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $2.08-2.13 for the period, compared to the Thomson Reuters consensus estimate of $1.87. The company issued revenue guidance of approx $11.40 billion, compared to the consensus revenue estimate of $11.39 billion.Bed Bath & Beyond also updated its FY 2019 guidance to $2.08-2.13 EPS.
A number of brokerages have recently issued reports on BBBY. Telsey Advisory Group upgraded shares of Bed Bath & Beyond from a market perform rating to an outperform rating and raised their target price for the stock from $14.00 to $16.00 in a research report on Thursday. Raymond James set a $17.00 target price on shares of Bed Bath & Beyond and gave the sto ...