Bed Bath & Beyond Inc. earnings more than estimates

Bed Bath & Beyond Inc. (NASDAQ:BBBY). Last Market Price: 58.8, Change: +1.32, % Change: (2.30%). Shares trade in the range of 56.53 – 59.19 dollars. It has a market capitalization of 14.66B dollars, making it a Large Cap Stock and has 249.26M outstanding shares. The company has a beta of 1.19, indicating, the stock to be more volatile than the market. As per the most recent quarterly report, the net income per share (EPS) is 3.51; P/E of 16.75. It operates in Services sector and belongs to Retail (Specialty) industry. Percentage shares held by institutional investors is 91%. The company has a 52 week high of $ 60.91 and a 52 week low of $ 41.67. Average volumes of shares traded daily are 2,920,000. Volume traded in the last session was at 2,470,000, 0.85 times the average volume.

• Reports Q2 (Aug) EPS $0.93 more than market estimates
• Revenues rose 8.3% year on year to $2.31 billion

For Q2 (May ’11), It had a Net profit margin of 8.56%, an Operating margin of 13.69%. Other Key stats and ratios are : Return on average assets of 12.64%, Return on average equity of 18.41%. The organization has an employee strength of 45,000

Consensus Recommendation is a Outperform.

Estimate for sales for the Quarter Ending Nov-11 show a mean of 2,352.64 million dollars, an estimate high of 2,434.70 million dollars and an estimate low of 2,274.10 million dollars. A year ago the figures stood at 2,261.23 million dollars.

Estimate for sales for the Quarter Ending Feb-12 show a mean of 2,664.81 million dollars, an estimate high of 2,783.80 million dollars and an estimate low of 2,562.30 million dollars. A year ago the figures stood at 2,514.85 million dollars.

Estimate for EPS for the Quarter Ending Nov-11 show a mean of 0.86 dollars, an estimate high of 0.91 dollars and an estimate low of 0.81 dollars. A year ago the figures stood at 0.72 dollars.

Estimate for EPS for the Quarter Ending Feb-12 show a mean of 1.28 dollars, an estimate high of 1.33 dollars and an estimate low of 1.22 dollars. A year ago the figures stood at 1.04 dollars.

Sales for Quarter Ending Aug-11 was estimated at 2,311.09 million dollars, however the actual sales figure stood at 2,314.06 million dollars, 2.98 million dollars more than estimates.

Sales for Quarter Ending May-11 was estimated at 2,076.99 million dollars, however the actual sales figure stood at 2,109.95 million dollars, 32.96 million dollars more than estimates.

Post Written By: Ed Liston Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.