Beyond (NYSE:BYON) Posts Earnings Results, Misses Estimates By $0.30 EPS

Beyond (NYSE:BYON) issued its quarterly earnings data 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. Beyond had a negative return on equity of 16.92% and a negative net margin of 19.72%. The company had revenue of $382.28 million for the quarter, compared to analysts’ expectations of $389.36 million. During the same quarter last year, the company earned ($0.10) earnings per share. The company’s revenue for the quarter was up .3% compared to the same quarter last year.

Beyond Stock Up 2.4 %

Shares of Beyond stock opened at $16.73 on Thursday. The stock has a market cap of $765.06 million, a price-to-earnings ratio of -2.40 and a beta of 3.92. The company has a 50-day simple moving average of $29.37. The company has a current ratio of 1.51, a quick ratio of 1.45 and a debt-to-equity ratio of 0.10. Beyond has a twelve month low of $13.71 and a twelve month high of $39.27.

Analysts Set New Price Targets

BYON has been the subject of a number of research analyst reports. Barclays decreased their price target on Beyond from $30.00 to $22.00 and set an “equal weight” rating for the company in a research note on Wednesday. Maxim Group decreased their price target on Beyond from $50.00 to $36.00 and set a “buy” rating for the company in a research note on Wednesday. Piper Sandler reduced their price objective on Beyond from $26.00 to $17.00 and set a “neutral” rating for the company in a research note on Wednesday. Needham & Company LLC downgraded shares of Beyond from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Compass Point assumed coverage on shares of Beyond in a report on Thursday, February 1st. They set a “buy” rating and a $45.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus 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.