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
For his second “Executive Decision” segment of Wednesday’s Mad Money program, host Jim Cramer spoke with Mark Tritton, president and CEO of Bed Bath & Beyond , the home goods retailer. Tritton said he’s been encouraged by their performance as more and more stores reopen. Tritton was also upbeat about the company’s Bye Bye Baby franchise .
By Jarrett Banks Roumell Asset Management LLC filed an amended 13D on Enzo Biochem Inc. expressing its disapproval that the company hasn’t accepted Co-Founder Elazar Rabbani’s board resignation. Enzo Biochem, Inc., founded in the 1970s, has frustrated investors with a poor operational and share-price performance over the last several years. CorpGov has covered the story extensively. “Shareholders demonstrated […]
What happened Bed Bath & Beyond (NASDAQ: BBBY) shares dropped by 13% in April, according to data provided by S&P Global Market Intelligence — a particularly lackluster performance given the 5.2% spike that the S&P 500 registered for the month.
Bed Bath & Beyond (Nasdaq: BBBY) today unveiled its first-ever comprehensive environmental, social and governance (ESG) strategy that sets several bold, strategic goals underpinning its commitment to their people, community and the planet. As outlined in its newly released 2020 ESG Report, the ESG strategy is an integral component of the multi-year transformation and growth plan Bed Bath & Beyond launched in October 2020 and advances the Company’s core belief that everyone deserves the opportunity to home, happier.
Bed Bath & Beyond (Nasdaq: BBBY) together with DoorDash (NYSE: DASH) today announced that Same Day Delivery services are now available in Canada, making it easier and more convenient to shop online for products from Bed Bath & Beyond and select buybuy BABY locations. Same Day Delivery follows the successful introduction last year of Buy-Online-Pickup-In-Store (BOPIS) and contactless Curbside Pickup services, and will enable customers to shop their favourite products online and have them delivered to their doorstep within hours of purchase. Same Day Delivery across Canada from Bed Bath & Beyond and buybuy BABY will be powered through DoorDash Drive – DoorDash’s white-label fulfillment platform that powers direct delivery for any business.
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