Beyond (NYSE:BYON) Announces Quarterly Earnings Results, Misses Expectations By $0.17 EPS

Beyond (NYSE:BYON) posted its quarterly earnings data on Monday. The company reported ($0.91) EPS for the quarter, missing the consensus estimate of ($0.74) by ($0.17), Zacks reports. Beyond had a negative return on equity of 69.32% and a negative net margin of 22.82%. The business had revenue of $303.15 million for the quarter, compared to the consensus estimate of $337.96 million.

Beyond Stock Performance

Shares of NYSE BYON opened at $7.43 on Wednesday. The firm has a fifty day moving average price of $6.84 and a 200-day moving average price of $7.92. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.97 and a quick ratio of 0.91. The stock has a market cap of $341.89 million, a PE ratio of -1.00 and a beta of 3.81. Beyond has a 1 year low of $4.45 and a 1 year high of $37.10.

Analyst Ratings Changes

Several research firms recently commented on BYON. Wedbush reissued an “outperform” rating and set a $15.00 price objective on shares of Beyond in a research note on Wednesday, February 5th. Argus lowered shares of Beyond from a “hold” rating to a “sell” rating in a research note on Wednesday, December 18th. Finally, Barclays dropped their price objective on shares of Beyond from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 9th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Beyond presently has an average rating of “Hold” and a consensus target price of $12.29.

About Beyond

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.