Earnings Play Bed Bath Beyond
Bed Bath & Beyond's 1Q earnings are expected to be released on Wednesday.
Share this:
On Wednesday, after market, Bed Bath & Beyond (BBBY) is expected to report first quarter LPS of $1.22 compared to an EPS of $0.12 a year ago on revenue of approximately $1.4B vs. $2.6B last year. The company operates a home furnishing retail chain and its current analyst consensus rating is 4 buys, 12 holds and 3 sells, according to Bloomberg.
Looking at a daily chart, Bed Bath & Beyond's stock price is currently rising within a short-term ascending wedge pattern. The ascending wedge pattern is usually categorized as having a bearish bias. The RSI is currently above 60 and has been holding above a bullish trend line since mid-March. In the last 2-3 weeks it appears the RSI has been losing momentum after spiking into overbought territory (>70) in early-June. Price can potentially fall below the lower trend line and break down to the $9.00 support level. If price does not find strong support on the $9.00 level it will most likely continue to meander down to the $7.25 level. If price manages to hold within the ascending wedge pattern, we could see price reach for the $11.75 resistance level. If price can hit $11.75, there is a possibility that price could run back up to $13.00.
Source: GAIN Capital, TradingView
Looking at a daily chart, Bed Bath & Beyond's stock price is currently rising within a short-term ascending wedge pattern. The ascending wedge pattern is usually categorized as having a bearish bias. The RSI is currently above 60 and has been holding above a bullish trend line since mid-March. In the last 2-3 weeks it appears the RSI has been losing momentum after spiking into overbought territory (>70) in early-June. Price can potentially fall below the lower trend line and break down to the $9.00 support level. If price does not find strong support on the $9.00 level it will most likely continue to meander down to the $7.25 level. If price manages to hold within the ascending wedge pattern, we could see price reach for the $11.75 resistance level. If price can hit $11.75, there is a possibility that price could run back up to $13.00.
Source: GAIN Capital, TradingView
On Wednesday, after market, Bed Bath & Beyond (BBBY) is expected to report first quarter LPS of $1.22 compared to an EPS of $0.12 a year ago on revenue of approximately $1.4B vs. $2.6B last year. The company operates a home furnishing retail chain and its current analyst consensus rating is 4 buys, 12 holds and 3 sells, according to Bloomberg.
Looking at a daily chart, Bed Bath & Beyond's stock price is currently rising within a short-term ascending wedge pattern. The ascending wedge pattern is usually categorized as having a bearish bias. The RSI is currently above 60 and has been holding above a bullish trend line since mid-March. In the last 2-3 weeks it appears the RSI has been losing momentum after spiking into overbought territory (>70) in early-June. Price can potentially fall below the lower trend line and break down to the $9.00 support level. If price does not find strong support on the $9.00 level it will most likely continue to meander down to the $7.25 level. If price manages to hold within the ascending wedge pattern, we could see price reach for the $11.75 resistance level. If price can hit $11.75, there is a possibility that price could run back up to $13.00.
Source: GAIN Capital, TradingView
Looking at a daily chart, Bed Bath & Beyond's stock price is currently rising within a short-term ascending wedge pattern. The ascending wedge pattern is usually categorized as having a bearish bias. The RSI is currently above 60 and has been holding above a bullish trend line since mid-March. In the last 2-3 weeks it appears the RSI has been losing momentum after spiking into overbought territory (>70) in early-June. Price can potentially fall below the lower trend line and break down to the $9.00 support level. If price does not find strong support on the $9.00 level it will most likely continue to meander down to the $7.25 level. If price manages to hold within the ascending wedge pattern, we could see price reach for the $11.75 resistance level. If price can hit $11.75, there is a possibility that price could run back up to $13.00.
Source: GAIN Capital, TradingView
Open an account in minutes
Experience award-winning platforms with fast and secure execution, and enjoy tight spreads from 0.5 pts on FX and 0.3 pts on indices.
Economic calendar
Web Trader platform
Our sophisticated web-based platform is packed with features.
Related articles
S&P 500, Nasdaq, Dow Forecast: Rising Yields Test Rally Ahead of Nvidia, Fed 8 22 2026
S&P 500, Nasdaq and Dow test key technical levels as momentum fades, raising the risk of a deeper correction heading into a pivotal week.
GBP/USD, Dow Jones Forecast: Key Technical Scenarios to Watch
GBP/USD and the Dow Jones are approaching critical technical levels amid earning optimism, Fed rate hike expectations, US-Iran developments, and persistent geopolitical risks.
The U.S. Dollar Is Rising Again and Nasdaq Is Feeling It
Nasdaq, the U.S. Dollar Index and Federal Reserve expectations are driving market sentiment ahead of a pivotal FOMC meeting. Razan Hilal, StoneX Market Analyst, explains how rising expectations for a hawkish Federal Reserve, persistent U.S.-Iran tensions and key technical levels on the U.S. Dollar Index could influence currencies, equities and precious metals in the weeks ahead.
This report is intended for general circulation only. It should not be construed as a recommendation, or an offer (or solicitation of an offer) to buy or sell any financial products. The information provided does not take into account your specific investment objectives, financial situation or particular needs. Before you act on any recommendation that may be contained in this report, independent advice ought to be sought from a financial adviser regarding the suitability of the investment product, taking into account your specific investment objectives, financial situation or particular needs.
StoneX Financial Pte. Ltd., may distribute reports produced by its respective foreign entities or affiliates within the StoneX group of companies or third parties pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the report is distributed to a person in Singapore who is not an accredited investor, expert investor or an institutional investor (as defined in the Securities Futures Act), StoneX Financial Pte. Ltd. accepts legal responsibility to such persons for the contents of the report only to the extent required by law. Singapore recipients should contact StoneX Financial Pte. Ltd. at 6826 9988 for matters arising from, or in connection with the report.
In the case of all other recipients of this report, to the extent permitted by applicable laws and regulations neither StoneX Financial Pte. Ltd. nor its associated companies will be responsible or liable for any loss or damage incurred arising out of, or in connection with, any use of the information contained in this report and all such liability is hereby expressly disclaimed. No representation or warranty is made, express or implied, that the content of this report is complete or accurate.
StoneX Financial Pte. Ltd. is not under any obligation to update this report.
Trading CFDs carries a high level of risk that may not be suitable for some investors. Consider your investment objectives, level of experience, financial resources, risk appetite and other relevant circumstances carefully. The possibility exists that you could lose some or all of your investments, including your initial deposits. If in doubt, please seek independent expert advice. Visit www.forex.com/en-sg/terms-and-policies for the complete Risk Disclosure Statement.