Barclays (NYSE:BCS) believes the sales trends of Bed Bath and Beyond (NASDAQ:BBBY) will come in above consensus in their next quarterly report, citing stronger sales trends than anticipated and sustainable gross margins.
"Bed Bath is scheduled to report 3Q'10 earnings on Wednesday, Dec 22nd after the close. We like the near-term risk reward for the stock as we think that the company's sales trends have been better than most are anticipating. This performance coupled with tight expense control and a stable gross margin should push its EPS results to be better than the consensus, which will move 2011 estimates higher," said Barclays.
Barclays maintains an "Equalweight" on Bed Bath and Beyond, which closed Monday at $47.63, up $0.87, or 1.86 percent. They increased their price target on them from $47 to $51.
Tuesday, December 14, 2010
Bed Bath and Beyond (NASDAQ:BBBY) Gross Margins Stable
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2 comments:
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