NEW YORK (TheStreet) -- Bed Bath & Beyond (BBBY) is scheduled to release its first quarter 2015 earnings results after the market close on Wednesday afternoon. Analysts are expecting the retailer to post earnings per share and revenue that are basically in-line with what the company reported for the 2014 first quarter.
Bed Bath & Beyond has been forecast to report earnings of 94 cents per share on revenue of $2.74 billion for the quarter ended May 2015.
Last year, the company reported earnings of 93 cents per share on net sales of $2.66 billion for the 2014 first quarter.
Shares of Bed Bath & Beyond closed higher by 0.34% to $70.75 on Tuesday afternoon.
Based in Union, NJ. Bed Bath & Beyond operates a chain of domestic merchandise retail stores in the U.S. The company operates under a variety of brand names including The Christmas Tree Shop, World Market, buybuy Baby and Harmon or Harmon Face Values.
Separately, TheStreet Ratings team rates BED BATH & BEYOND INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate BED BATH & BEYOND INC (BBBY) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, revenue growth, notable return on equity and attractive valuation levels. We feel its strengths outweigh the fact that the company shows weak operating cash flow."