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
. 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
expect the stock to gain an average 9.3% to $66.86 from current levels over the next 12 months.