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Bed Bath & Beyond 4Q EPS Forecast Disappoints

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  • Description

    FBN's Nicole Petallides on stocks moving the morning markets.

  • Duration 1:49
  • Date

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Business the wept as usual I'll go to big name that you know and is just auction is a company and is trading lower this morning it's a retail not.

Not good forecast from bad.

And beyond the call for -- in place.

I think you're gonna make as gas which wanna watch night and outset it's it's a big have a lot of home furnishings and home goods.

I down 6% we're talking about Bed, Bath & Beyond and that really.

They're talking about a little bit of a cautionary tone cautiously optimistic it's down near 6%.

Basically for the fourth quarter.

-- below the market expectations they talk about we sales.

-- also noting sandy and they've been trying to be up today trying to work on technology work on the website even trying to bring in food and beverages.

To keep them current and competitive but obviously this week forecast is not good news here.

For Bed, Bath & Beyond.

-- the full cast that's gone up.

And you can always understand that San Diego are accounted was a big problem when it happened bed bath a good a -- that.

But when you forecast and a dismal one long distance but the corner -- -- For the corner not -- finally -- but -- out for the quarter when you forecasting weakness that's what gets you stop every time.

Right and I have to say all all the analysts I was noting a lot of price target cots.

Rights they think -- stop will be lower than what they originally thought Credit Suisse for example but 75 target 791 dollar target.

But -- these companies that are cutting their price targets.

Kept the rating.

Outperformed.

Overweight Raymond James kept -- strong buying so.

They still think it's a great company they just don't think it's nine dollars stock anymore they think it's more than seventy gallery.

I'll tell you want things in the college this fall behind like something smell like bed bath and -- -- -- defines the product areas and obviously.

I'll let you want to bump into you there's seven -- good luck I don't -- is -- as well.

Thanks the gulf we'll see a light up --

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