Bed Bath & Beyond Inc. BBBY will announce its first quarter financial results on Wednesday after the market closes. According to Estimize, the company is expected to deliver one of the weakest quarters in years.
The retailer’s earnings are quite cyclical, peaking at the fourth quarter every year and dipping in the first quarter. For the first quarter of 2015, management guided flat year-over-year earnings of $0.93 per share on revenue of $2.724 billion. This compares to earnings of $0.93 per share on revenue of $2.657 billion reported in the same quarter last year.
The Street is slightly more bullish, anticipating earnings of $0.94 per share on revenue of $2.746 billion.
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However, the most optimistic is the crowd, which projects earnings of $0.95 per share on revenue of $2.743 billion.
Bed Bath & Beyond has a history of meeting estimates and guidance.
In a recent report, Oppenheimer analyst Brian Nagel said that, while long-term prospects for Bed Bath & Beyond are encouraging, he sees no significant near-term positive catalysts for its shares.
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