TRENDING KEYWORDS
Bed Bath & Beyond (BBBY, $17.27) misses fiscal Q2 expectations
Bed Bath & Beyond reported its fiscal second quarter earnings that were lower than expected by analysts. The home goods retail company also cut its full-year profit outlook.
Bed Bath & Beyond’s adjusted earnings for the three months ending in August came in at 4 cents per share, well below the 52 cents per share expected by the Street.
Revenues fell -26% from the year-ago quarter to $1.98 billion, compared to analysts’ estimates of $2.06 billion.
Looking into fiscal year 2022, Bed Bath & Beyond predicts adjusted earnings in the range of 70 cents to $1.10 per share, down from its prior forecast of $1.40 to $1.55 per share. The company projects net sales in the range of $8.1 billion to $8.3 billion.
CEO Mark Tritton said that traffic slowed significantly in August and, therefore, sales did not materialize as expected. According to Tritton's statement, the spread of the Delta variant of COVID-19 led to a challenging environment for the company.
He also mentioned “ unprecedented supply chain challenges” in the industry that led to steeper cost inflation rising by month, especially later in the quarter, beyond the significant increases that were already anticipated by the company.
BBBY in +9.35% Uptrend, growing for three consecutive days on May 26, 2022
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where BBBY advanced for three days, in 207 of 277 cases, the price rose further within the following month. The odds of a continued upward trend are 75%.
Current price $8.54 crossed the support line at $41.28 and is trading between $41.28 support and $-11.71 resistance lines. Throughout the month of 04/26/22 - 05/26/22, the price experienced a -45% Downtrend. During the week of 05/19/22 - 05/26/22, the stock fell -12%.
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where BBBY's RSI Indicator exited the oversold zone, 28 of 48 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 58%.
The Moving Average Convergence Divergence (MACD) for BBBY just turned positive on May 25, 2022. Looking at past instances where BBBY's MACD turned positive, the stock continued to rise in 32 of 45 cases over the following month. The odds of a continued upward trend are 71%.
BBBY may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where BBBY declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 83%.
The Aroon Indicator for BBBY entered a downward trend on May 26, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 68%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.04.
The Tickeron SMR rating for this company is 3 (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Seasonality Score of 35 (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron PE Growth Rating for this company is 70 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of 74 (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (3.915) is normal, around the industry mean (8.093). P/E Ratio (23.981) is within average values for comparable stocks, (27.917). BBBY's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (1.401). BBBY has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.029). P/S Ratio (0.108) is also within normal values, averaging (31.210).
The Tickeron Price Growth Rating for this company is 95 (best 1 - 100 worst), indicating slightly worse than average price growth. BBBY’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. BBBY’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 77, placing this stock worse than average.
The specialty stores sector includes companies dedicated to the sale of retail products focused on a single product category, such as clothing, carpet, books, or office supplies. A specialty store could face intense competition from big-box departmental chains, and therefore offering an adequate collection of the product type it specializes in is key in maintaining/growing its market.
The average market capitalization across the Specialty Stores Industry is 6.4B. The market cap for tickers in the group ranges from 48 to 301.7B. HD holds the highest valuation in this group at 301.7B. The lowest valued company is CALI at 48.
The average weekly price growth across all stocks in the Specialty Stores Industry was -1.05%. For the same Industry, the average monthly price growth was -10.94%, and the average quarterly price growth was -21.01%. CYYHF experienced the highest price growth at 43.87%, while ECXJ experienced the biggest fall at -48.89%.
- 4/12/22 7:12 AM: Bed Bath & Beyond (BBBY, $19.27) was a top loser this week, declining -15.56%
- 4/5/22 5:39 AM: Bed Bath & Beyond (BBBY, $22.82) was a top loser this week, declining -13.3%
- 3/15/22 5:19 AM: Bed Bath & Beyond (BBBY, $19.21) was a top loser this week, declining -11.52%
The average weekly volume growth across all stocks in the Specialty Stores Industry was 1.49%. For the same stocks of the Industry, the average monthly volume growth was 81.72% and the average quarterly volume growth was 148.3%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Positive Outlook today, backed by the Volume Indicator. Tickeron has a positive outlook on this group and predicts a further increase by more than 4.00% within the next month with a likelihood of 43%. During the last month, the daily ratio of advancing to declining volumes was 1.14 to 1.
20 stocks in the group of tickers confirmed the positive outlook based on the 15 indicator with average odds of 79%.
The most notable companies in this group are AutoZone (NYSE:AZO), Tractor Supply Company (NASDAQ:TSCO), Ulta Beauty (NASDAQ:ULTA), Best Buy Company (NYSE:BBY), Advance Auto Parts (NYSE:AAP), GameStop Corp (NYSE:GME), RH (NYSE:RH), Stitch Fix (NASDAQ:SFIX), Bed Bath & Beyond (NASDAQ:BBBY), RealReal (The) (NASDAQ:REAL).
The average market capitalization across the group is 4B. The market cap for tickers in the group ranges from 41.6K to 44.9B. ANCTF holds the highest valuation in this group at 44.9B. The lowest valued company is JMTM at 41.6K.
The average weekly price growth across all stocks in the group was 3.39%. For the same group, the average monthly price growth was -9.76%, and the average quarterly price growth was -16.58%. SSOK experienced the highest price growth at 191.58%, while FJHL experienced the biggest fall at -58.4%.
- 5/25/22 7:32 AM: CarMax (KMX, $90.79) was a top loser this week, declining -6.85%
- 5/25/22 7:32 AM: China Yongda Automobile Svcs (CYYHF, $0.87) was a top weekly gainer, with a +43.87% jump
- 5/21/22 6:31 AM: AutoNation (AN, $108.39) was a top loser this week, declining -12.36%
The average weekly volume growth across all stocks in the group was 296.8%. For the same stocks of the group, the average monthly volume growth was 192.89% and the average quarterly volume growth was 302.05%
- 5/19/22 8:17 AM: The volume for Tuesday Morning stock increased for two consecutive days, resulting in a record-breaking daily growth of 221% of the 65-Day Volume Moving Average
- 5/17/22 6:45 AM: The volume for Vroom stock increased for four consecutive days, resulting in a record-breaking daily growth of 182% of the 65-Day Volume Moving Average
- 5/14/22 4:17 AM: The volume for Vroom stock increased for three consecutive days, resulting in a record-breaking daily growth of 191% of the 65-Day Volume Moving Average
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Latest blogs by Sarah Patel
Top Blogs
