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
Telsey Advisory Group analyst Cristina Fernández lowered the price target on Bed Bath & Beyond Inc (NASDAQ: BBBY) to $6 from $15, implying a 10.45% downside. The analyst maintained an Underperform rating on the shares. The analyst is taking a subdued view due to more negative commentary from mass retailers like Big Lots, Inc. (NYSE: BIG), Target Corp (NYSE: TGT), and Walmart Inc (NYSE: WMT) about consumer spending on the home category and the impact of lapping government stimulus checks in 2021.
Stocks were little-changed during midday trading on Wednesday as markets look for direction amid a barrage of Fed commentary.
Else’s expansion into the retailer’s 133 stores in the summer of 2022 expects to boost its national presence and reach millions of new shoppersVANCOUVER, British Columbia, June 21, 2022 (GLOBE NEWSWIRE) — ELSE NUTRITION HOLDINGS INC. (BABY) (BABYF) (0YL.F) (“Else” or the “Company”) announces that its Plant-Based complete Nutrition products for babies, toddlers, and kids will soon be available at over 130 locations of buybuy BABY – the leading specialty retailer of baby products in North America
Bed Bath & Beyond Inc. (NASDAQ: BBBY) today announced that it will hold a conference call to discuss its fiscal 2022 first quarter financial results on Wednesday, June 29, 2022 at 8:15am EDT. The fiscal 2022 first quarter results press release and related materials, for the period ended May 28, 2022, will be issued approximately 45 minutes prior to the start of the conference call.
Coresight Research Founder & CEO Deborah Weinswig joins Yahoo Finance Live to break down May retail sales data, shifting consumer spending, and the outlook for retailers.
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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by Team Stockjumpers