Historical Earnings Preview: Bed Bath & Beyond

Apr. 9.08 | About: Bed Bath (BBBY)

Bed Bath & Beyond (NASDAQ:BBBY) is set to report its Q4 results this evening, and Wall Street analysts are forecasting a mean quarterly profit of $0.65 per share on revenue of $1.96 billion, according to Thomson First Call.

BBBY is just maintaining a widening pattern between the sessions, posting wider next-day percentage closing levels following nine of its last 16 after-hours earnings events. In the near-term, the stock favors narrowing, however, cutting back its evening performance in next-day trade in the last four quarters.

On January 3, 2008, BBBY fell 6.2% during evening trading after the company reported results above the year-ago period but guided in a range that appeared to be below the Street mean, although direct comparison wasn't clear. The share loss was trimmed to 4.4% the next day.

On September 26, 2007, BBBY advanced 1.5% in after-hours trade after beating Q2 sales expectations and approving a $1 billion stock buyback. It saw its upside evaporate the next day, closing the September 27 regular session down 1.1%.

On June 27, 2007, BBBY dropped 5.2% in after hours despite the company's topping Q1 estimates. Shares managed to claw back some of those losses but still ended the next day session down 3.9%.

On April 11, 2007, BBBY lost 2% in night trade despite topping Q4 expectations. Shares recovered slightly the next day, ending the regular session down 1.8%.

On December 20, the stock was down 2.3% in the evening hours despite topping year-ago results and setting a share buyback. The stock fell 3.5% the next day.

On September 20, 2006, the stock fell 1.4% in the evening hours in a muted reaction to results that matched the Street view. Shares reversed to close up 3.4% the next day.

On June 21, 2006, shares fell 2.5% in the evening session after the company says Q1 sales were $1.396 billion, more than the FC mean for $1.394 billion. EPS were $0.33, including stock-based compensation. The FC mean, ex-items, was $0.35 per share. The stock fell 6% the next day.

On April 5, 2006, the stock advanced 5.8% in night trading after the company reported ahead of the Street with its Q4 results and guided in line to higher for the coming quarter and the full year. The gain expanded to 6.5% the next day.

On December 21, 2005, shares dropped 6.2% after the company reported EPS in line with the Street's view but sales shy of expectations. The loss expanded to 12% the next day.

BBBY advanced 3.7% the night of September 21, 2005 after the company topped earnings expectations by a penny. It firmed even higher on September 22, rising 6% by the bell-to-bell close.

BBBY declined 3.6% the night of June 22, 2005 after beating the then-current Street estimates. Sellers continued to dog the issue on June 23, pressuring it down 5.4% by that day's close.

BBBY jumped 6.1% the night of April 6, 2005 after the company blew past Q4 earnings expectations. The stock surged higher on April 7, adding 11% by the closing bell.

On December 15, 2004, BBBY added 3.7% in night play after the company beat expectations. Traders slashed the upside the following day, and the stock ended the December 16 regular session down 1.7%.

Back on September 22, 2004 BBBY lost 4% in the evening session after it matched the Street view. It added to its downside the following day, losing 5% by the closing bell.

On June 23 of 2004, BBBY reported in-line sales results and better-than-expected earnings, but was still hit with selling, losing 1.7% in after-hours trade. It narrowed its downside on June 24, eking out a 0.2% decline by the bell-to-bell close.

On March 31, 2004 BBBY edged down 0.5% in night trade after the company beat expectations by three cents. Despite the strong result, the stock continued its negative momentum on April 1, sliding 3.2% by the close.

Disclosure: no position