Wedbush Has Bullish Estimate for Beyond FY2024 Earnings

Beyond, Inc. (NYSE:BYON - Free Report) - Research analysts at Wedbush boosted their FY2024 earnings per share (EPS) estimates for Beyond in a research report issued to clients and investors on Wednesday, February 5th. Wedbush analyst M. Pachter now anticipates that the company will earn ($3.57) per share for the year, up from their prior forecast of ($3.60). Wedbush currently has a "Outperform" rating and a $15.00 price objective on the stock. The consensus estimate for Beyond's current full-year earnings is ($3.75) per share. Wedbush also issued estimates for Beyond's Q4 2024 earnings at ($0.64) EPS, Q1 2025 earnings at ($0.64) EPS, Q2 2025 earnings at ($0.38) EPS, Q3 2025 earnings at ($0.76) EPS, Q4 2025 earnings at ($0.36) EPS, FY2025 earnings at ($2.13) EPS and FY2026 earnings at ($1.65) EPS.

A number of other equities analysts also recently commented on BYON. Bank of America downgraded Beyond from a "neutral" rating to an "underperform" rating and reduced their price objective for the stock from $12.50 to $6.00 in a research report on Friday, October 25th. Needham & Company LLC reissued a "buy" rating and set a $13.00 price target on shares of Beyond in a research report on Wednesday, October 23rd. Barclays cut their price objective on shares of Beyond from $8.00 to $7.00 and set an "equal weight" rating for the company in a research report on Thursday, January 9th. Argus lowered shares of Beyond from a "hold" rating to a "sell" rating in a report on Wednesday, December 18th. Finally, Maxim Group cut their price target on shares of Beyond from $33.00 to $26.00 and set a "buy" rating for the company in a report on Friday, October 25th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $12.29.

Beyond Price Performance

Shares of Beyond stock traded down $0.01 during trading hours on Friday, reaching $8.77. 1,699,108 shares of the company's stock were exchanged, compared to its average volume of 3,562,739. The company has a quick ratio of 0.91, a current ratio of 0.97 and a debt-to-equity ratio of 0.17. The business has a fifty day moving average of $6.21 and a two-hundred day moving average of $8.17. The company has a market capitalization of $403.63 million, a P/E ratio of -1.19 and a beta of 3.81. Beyond has a 1 year low of $4.45 and a 1 year high of $37.10.

Institutional Trading of Beyond

Hedge funds have recently made changes to their positions in the business. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Beyond during the fourth quarter worth $30,000. R Squared Ltd acquired a new position in Beyond during the 4th quarter worth $32,000. Skandinaviska Enskilda Banken AB publ increased its holdings in Beyond by 68.4% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 6,592 shares of the company's stock worth $32,000 after purchasing an additional 2,678 shares during the period. Hollencrest Capital Management boosted its stake in shares of Beyond by 185.7% in the 4th quarter. Hollencrest Capital Management now owns 10,000 shares of the company's stock valued at $49,000 after buying an additional 6,500 shares during the period. Finally, Marathon Trading Investment Management LLC acquired a new position in shares of Beyond during the fourth quarter worth about $59,000. Institutional investors and hedge funds own 76.30% of the company's stock.

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.