Beyond (NYSE:BYON) Issues Earnings Results

Beyond (NYSE:BYON) posted its earnings results on Monday. The company reported ($1.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.92) by ($0.30), Briefing.com reports. The company had revenue of $382.28 million for the quarter, compared to analysts’ expectations of $389.36 million. Beyond had a negative net margin of 19.72% and a negative return on equity of 16.92%. The firm’s quarterly revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.10) EPS.

Beyond Stock Up 2.4 %

Shares of BYON stock opened at $16.73 on Thursday. The stock has a market capitalization of $765.06 million, a PE ratio of -2.40 and a beta of 3.92. The business has a fifty day moving average price of $29.37. Beyond has a twelve month low of $13.71 and a twelve month high of $39.27. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.45 and a current ratio of 1.51.

Analyst Ratings Changes

Several research analysts have recently commented on BYON shares. Needham & Company LLC lowered Beyond from a “buy” rating to a “hold” rating in a report on Wednesday. Piper Sandler cut their price objective on Beyond from $26.00 to $17.00 and set a “neutral” rating for the company in a report on Wednesday. Wedbush cut their price objective on Beyond from $43.00 to $37.00 and set an “outperform” rating for the company in a report on Wednesday. Maxim Group cut their price objective on Beyond from $50.00 to $36.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Barclays cut their price objective on Beyond from $30.00 to $22.00 and set an “equal weight” rating for the company in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Beyond presently has an average rating of “Moderate Buy” and an average price target of $32.83.

Beyond Company Profile

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.