Bed Bath & Beyond report today

Bed Bath & Beyond closed at 6776 last night ahead of announcing its fourth-quarter results today, expected after the markets close at 9pm (London time).

The Bed Bath & Beyond share price is now down 15% since it revealed its third-quarter earnings in January, as I discussed last week.

The stock has regained some of its losses but it has struggled to break through and stay above the level 7000. There is a possibility we could retest the recent low of 6700 if the earnings per share is below the range of $1.57-$1.61. Since the forecast has been lowered twice, it will be difficult for the stock to reach the 7200 region that has proved to be an important metric over the past 18-months.

Bed Bath & Beyond chart

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