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10 Diversified Stocks to Buy Ahead of Earnings

Stocks in this article: RHT SHFL NKE ORCL BBBY TIBX SCS KMX FINL INXN

6. Bed, Bath & Beyond (BBBY - Get Report) operates a nationwide chain of retail stores selling home items, including furnishings, food, gift items, health and beauty care products and infant and toddler merchandise. BBBY will announce third-quarter fiscal 2012 results on Dec. 21.

Net income for the quarter is estimated at $213.72 million, or 88 cents per share, compared to $188.57 million, or 74 cents per share, in the same quarter last year, according to analysts polled by Bloomberg. Sales are seen at $2.35 billion, an increase of 7% from $2.19 billion recorded in the third quarter of fiscal 2011.

Operating profit for the period is seen growing 14% to $346.87 million. Return on equity during the quarter is expected to rise to 23.30% from 20.39% earlier, while return on assets is expected to have increased to 15.50% from 14%.

Of the 30 analysts covering the stock, 57% recommend a buy and 40% rate a hold. Analysts polled by Bloomberg expect the stock to gain an average 9.3% to $66.86 from current levels over the next 12 months.

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