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
Morgan Stanley analysts took a closer look at spending during the COVID-19 recovery period and personal consumption expenditures
Analyst Simeon Gutman downgraded Wayfair and Bed Bath & Beyond shares and slashed his price targets.
In this article, we discuss the 10 best Jim Cramer stocks to buy. You can skip our detailed analysis of Jim Cramer’s investment philosophy, and go directly to read the 5 Best Jim Cramer Stocks To Buy Today. Jim Cramer is an American investor and media personality. He is a former hedge fund manager and […]
Morgan Stanley lowered the price target on Bed Bath & Beyond Inc. (NASDAQ: BBBY) from $18 to $12. Bed Bath & Beyond shares fell 2% to $14.15 in pre-market trading. Keybanc boosted the price target on Pioneer Natural Resources Company (NYSE: PXD) from $192 to $202. Pioneer Natural Resources shares fell 0.3% to close at $190.76 on Wednesday. JP Morgan cut Meritage Homes Corporation (NYSE: MTH) price target from $158 to $143. Meritage Homes shares rose 1.7% to $103.33 in pre-market trading. Credit
Bed Bath & Beyond falls as Morgan Stanley says the home-furnishings category could decline in both 2022 and 2023.
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