BED BATH & BEYOND (BBBY)

EARNINGS RELEASE WEDNESDAY - JANUARY 8(AMC)

Trade Assist May Not Be Available For All Jump Trades (See Trade Plan

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JUMP REPORT

Avg Daily Volume: 7,339,249    Market Cap: 2.04B
Sector: Services    Short Interest: 71.91

EARNINGS EXPECTATIONS:  

     THIS QTR:   EPS:               .02/share     REV:  2,850/M
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     LAST QTR:  EPS:                .27/share      ACTUAL: .34/share  (BEAT)
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     NEXT QTR:  EPS:               1.47/share     REV:  3,150/M
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     FULL YR:     EPS:               1.92/share     REV: 11,320/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD:  66% OF THE TIME THEY BEAT ESTIMATES

PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) 6.48, -9.46, -12.6

EXPECTED JUMP MOVE:  10%

Links To Latest News and Headlines

Bed Bath & Beyond Inc. (Nasdaq: BBBY) has named Elizabeth Meltzer as Senior Vice President (SVP), General Merchandising Manager for its Bed, Bath and Home Décor categories, effective November 2, 2020. Ms. Meltzer will join the Company’s merchandising leadership team, reporting to Joe Hartsig, Executive Vice President & Chief Merchandising Officer, and President of Harmon Health and Beauty Stores.

Does Bed Bath & Beyond (BBBY) have what it takes to be a top stock pick for momentum investors? Let’s find out.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Bed Bath & Beyond Inc. (Nasdaq: BBBY) has appointed Mary-Farrell Tarbox and Ann-Marie Clendenin as Regional Vice Presidents (RVP) for the Central and East regions respectively, effective October 26, 2020. Both Ms. Tarbox and Ms. Clendenin will report directly to Executive Vice President and Chief Stores Officer, Gregg Melnick, to round out Bed Bath & Beyond’s store leadership team. Ms. Tarbox will be responsible for over 350 of Bed Bath & Beyond’s retail stores across 22 states, while Ms. Clendenin will oversee another approximately 200 stores across 12 states.

The market response to Bed Bath & Beyond (NASDAQ: BBBY) fundamentally restructuring itself by shedding noncore assets and focusing on its digital future has caused its stock price to double. Shares in the home goods retailer over the last 30 days have risen from about $12 to over $24, and now an analyst thinks they can double again. Baird analyst Peter Benedict told investors in a research note that despite Bed Bath & Beyond’s meteoric rise, the bullish case remains weighed down by doubt.

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