BBBY to Release Earnings on January 8

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Bed Bath & Beyond Inc. (BBBY) is scheduled to release earnings on January 8, 2020, after the market closes, and will hold a conference call at 5:00 PM ET on the same day. The stock currently trades at 16.67, which is 62.0% higher than the close following its last reported earnings, trading with a range of 9.62 to 17.79 since that time.

Expected Price Volatility

Currently, option traders are expecting a ± 11.6% move for this earnings, and during the previous earnings release, the stock experienced a +2.7% move. Over the last 12 quarters, the absolute average move has been ± 10.7%, with a minimum move of 2.7% and a maximum move of 21.0%. BBBY has experienced 7 larger-than-expected earnings moves in the last 12 quarters.

Earnings Price Pattern

The MarketChameleon earnings price pattern has detected two notable historical trends.
2 Weeks Before Earnings:For each of the last 8 quarters, BBBY stock price has gone up in the 2 weeks before earnings. It has had an average gain of +4.8% during that span.
Earnings Opening Gap:For 10 of the last 12 quarters (83%), the stock price has gapped open with significant losses, on average opening down -7.1%.

Earnings Option Strategies

MarketChameleon's option strategy analysis shows that selling OTM calls the day before earnings had 100% winning occurrences, for an average gain of +21.7%. Additionally, selling at-the-money straddles resulted in 60% winning occurrences, for an average return of +3.6%.

EPS Estimate

Analysts are currently expecting BBBY to report an earnings of $0.02 per share, compared to $0.18 for the same quarter last year. Revenue is expected to come in at $2.8 billion versus $3.0 billion for the previous year.