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Beyond (NYSE:BYON) Issues Earnings Results, Misses Estimates By $0.30 EPS

Beyond (NYSE:BYON - Get Free Report) posted its quarterly earnings data on Monday. The company reported ($1.22) earnings per share for the quarter, missing analysts' consensus estimates of ($0.92) by ($0.30), Briefing.com reports. Beyond had a negative return on equity of 16.92% and a negative net margin of 19.72%. The company had revenue of $382.28 million for the quarter, compared to analysts' expectations of $389.36 million. During the same period in the prior year, the company posted ($0.10) EPS. The firm's revenue was up .3% compared to the same quarter last year.

Beyond Stock Performance

Beyond stock traded down $5.37 during mid-day trading on Tuesday, reaching $16.52. 8,289,707 shares of the company were exchanged, compared to its average volume of 1,517,512. The stock has a market capitalization of $755.46 million, a price-to-earnings ratio of -2.43 and a beta of 3.92. The company has a current ratio of 1.51, a quick ratio of 1.45 and a debt-to-equity ratio of 0.10. The stock has a 50-day moving average price of $29.37. Beyond has a twelve month low of $13.71 and a twelve month high of $39.27.

Wall Street Analysts Forecast Growth

BYON has been the topic of several recent analyst reports. Maxim Group initiated coverage on Beyond in a report on Wednesday, April 17th. They issued a "buy" rating and a $50.00 target price on the stock. Piper Sandler dropped their target price on Beyond from $27.00 to $26.00 and set a "neutral" rating on the stock in a report on Thursday, April 18th. Barclays increased their target price on Beyond from $24.00 to $30.00 and gave the company an "equal weight" rating in a report on Thursday, February 22nd. Compass Point assumed coverage on Beyond in a report on Thursday, February 1st. They set a "buy" rating and a $45.00 price objective on the stock. Finally, Wedbush reissued an "outperform" rating and issued a $43.00 target price on shares of Beyond in a report on Tuesday, April 30th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $39.00.


Read Our Latest Report on Beyond

Beyond Company Profile

(Get Free Report)

Beyond, Inc operates as an online retailer of furniture and home furnishings products in the United States and Canada. The company offers furniture, bedding and bath, patio and outdoor gear, area rugs, tabletop and cookware, décor, storage and organization, small appliances, home improvement, and other products under the Bed Bath & Beyond brand.

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Earnings History for Beyond (NYSE:BYON)

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