Bed Bath & Beyond Lower Ahead Of Q4 Report

Bed Bath & Beyond Inc. BBBY shares are trading lower by $1.10 (3.8 percent) at $37.88 in Wednesday's session.

Investors are exiting the exit ahead of its Q4 report that will be announced after the close. Street estimates for EPS stand at $1.77 on revenues of $3.5 billion. The company has missed Street estimates for EPS in six of its last nine quarters. For revenues over that same time period, it has missed estimates in all but one of the nine quarters.

Off the open, Bed Bath & Beyond's stock barley exceeded Tuesday's high of $39.27, peaking at $39.37 before reversing course. The ensuing decline sliced through the pair of lows from at the $38.75 area, so far reaching $37.93. At this time, it's struggling to remain in the $38.00 handle.

The low from its recent slide is just below that area at $37.78. If that level breached, the stock may be in jeopardy of reaching its September 2010 low of $36.19.