JUMP REPORT

BED BATH & BEYOND (BBBY)

EARNINGS RELEASE - JULY 8 (AMC)

EARNINGS EXPECTATIONS:  

     THIS QTR:   EPS:      -1.22/share     REV:  1,390/M
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     LAST QTR:  EPS:       .20/share     ACTUAL:  .38/share  (BEAT)
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     NEXT QTR:  EPS:      -.43/share     REV:  2,210/M
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     FULL YR:     EPS:       -1.78/Share     REV: 9,030/M
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BEAT/MISS RECORD:  47% OF THE TIME THEY BEAT ESTIMATES

PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %)  22.5, -20.06, 6.48

EXPECTED JUMP MOVE THIS QUARTER:  15%

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*** With market volatility at extremes there is greater risk in trading these events which may not react as they would under normal market conditions. Please take extra caution before trading. 

Links To Latest News and Headlines

Bed Bath & Beyond Inc. shares were down 7% in after-hours trading Monday after the retail outlet said it has lifted suspension of planned debt reductions, which had been implemented because of economic and market conditions caused by the pandemic. Bed Bath & Beyond also announced it has started cash tender offers to purchase up to $300 million of certain outstanding senior notes. Bed Bath & Beyond shares are down 27% in 2020. The broader S&P 500 index is up 4% this year.

Bed Bath & Beyond Inc. (Nasdaq: BBBY) (“Bed Bath” or the “Company”) announced today that, in light of current business and market conditions, it has lifted the suspension of planned debt reductions, which had been implemented in response to the economic and market conditions resulting from the COVID-19 pandemic.

The ratings on two interest-only (IO) classes were affirmed based on the credit quality of the referenced classes. The rating on exchangeable class, Cl. PEZ, was downgraded due to a decline in the credit quality of its referenced classes.

Bed Bath & Beyond (BBBY) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

After a contentious battle to sell PersonalizationMall.com (PMall) to 1-800-Flowers.com (NASDAQ: FLWS), Bed Bath & Beyond (NASDAQ: BBBY) finally sealed the deal on Monday. The struggling housewares chain will benefit from the cash influx as it begins to see higher sales after coronavirus-related store closures. Bed Bath & Beyond has undergone a massive management overhaul since activist investors overthrew the CEO in late 2019 and brought in Mark Tritton from Target to take over.

StockJumpers analysis and trade plans are uploaded generally 1 HOUR BEFORE MARKETS CLOSE (3PM EST) for most events.


ANALYSIS:  

The trajectory analysis models have the market reaction as negative on the release. We were hoping for a more positive outcome on better than expected numbers, but it looks like a miss and the investor confidence may not be there.

We are biased SHORT on this event

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OUR TRADE PLAN:

ENTRY:  SELL – end of day
STOP LOSS:  N/A
INITIAL PROFIT TARGET:  12%

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TRADE ASSIST:  N/A

POST RELEASE ACTION:  

There is a significant amount of data behind the scenes involved in the analysis and trade plan tab above, that does not get put into the report. Too much information for traders often confuses things – so this is stripped down to only what is needed to make the best possible decision(s) on trading the trajectory. 

Members who are too busy to manual trade can use Trade Assist. For more information visit here

Avg Daily Volume: 1,554,955    Market Cap: 5.29B
Sector: None    Short Interest: 11.96

Ticker delayed 20 minutes

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