🔥Stock Prediction: How will BBBY close on 29/9 after its earnings?
Click to vote. Can you predict where$Bed Bath & Beyond(BBBY)$ will move following their earnings? If you get the right answers, you can get 20 Tiger Coins. In addition, you have the chance of winning 100 Tiger Coins.$Bed Bath & Beyond(BBBY)$ is scheduled to announce its Q2 earnings results before the market opens on Thursday, 29 September 2022. Lets's guess where BBBY will move following their earnings?
💡Highlights of this quarter:
In the last reported quarter, the company delivered an earnings surprise of 112.8%. Also, the company has a trailing four-quarter negative earnings surprise of 1,635%, on average. On the last reported quarter’s earnings call, management noted that digital sales were nearly in-line with pre-pandemic levels. Management remained optimistic about the growth of its digital channel and is making efforts to offer an improved customer experience. The robust trends in the digital business are expected to have boosted the top line in the fiscal second quarter.
However, BBBY’s second-quarter fiscal 2022 results are likely to be affected by the ongoing macroeconomic environment, rising inflation, supply-chain challenges, and significant dislocation in sales and inventory. Weak margins and high debt levels are also concerns.
📒BBBY Q2 earnings consensus
💰Activity Details
- Click to vote. Guess where $Bed Bath & Beyond(BBBY)$ will move following their earnings? If you get correct answers, you can get 20 Tiger Coins.
- Reply and forward this post, share your insights about BBBY's financial reports, we will give 100 Tiger Coins with outstanding comments.
⏰Event Time
The deadline for this event is 22:00 on 29 September 2022, SGT
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How will BBBY close on 29/9 after its earnings?(Single choice)Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
$Bed Bath & Beyond(BBBY)$ is one of the most exciting meme stocks in August when it was up 89% in early August and now has fallen back to earth.
This was due to a short squeeze fueled by traders on Reddit's Wall Street Bets. However BBBY 's share price plunged by more than 50% mid August when Ryan Cohen, Chairman of Gamestop suddenly sold his stake in BBBY. Ryan Cohen made 68 million dollars on BBBY.
BBBY's management announced on August 31 that it is introducing a cost cutting plan that included staff layoffs and 150 store closures to reduce expenses by 250 million dollars and a new round of financing of more than 500 million dollars to give it a much needed capital boost.
BBBY also said that its sales declined 26% in 2Q22 and that it had free cash flow loss of 325 million dollars.
BBBY is teetering on huge losses and its very survival is at stake.
I am Bearish on BBBY and predict it will drop further in the Red by 10% tomorrow to go below 6.38 to about 5.80.
@Tiger_Earnings
BBBY's share price went up to as high as 30.06 to 4.38, its lowest level in 52 weeks.
BBBY had a wild ride in early August due to a short squeeze rally but plunged when Ryan Cohen, an activist investor sold mid August.
BBBY plans to cut costs by 250 million dollars through 150 store closing and laying off 20% of its staff. It also said that it has negotiated over 500 million dollars in debt and plans to sell up to 12 million shares to repay its debt of 1. 4 billion dollars.
I am bearish on BBBY as I believe it has an uphill climb to recover its losses especially with massive debts and recession in sight.
I predict BBBY will close in red down by 10% tomorrow.
@Tiger_Earnings
所以我猜平[微笑]
When you least expect it and short the stock, 💥 boom!! 200% gains!
That's what we call a meme stock.