Beyond (NYSE:BYON) Releases Quarterly Earnings Results, Misses Expectations By $0.18 EPS

Beyond (NYSE:BYON) posted its earnings results on Monday. The company reported ($0.91) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.73) by ($0.18), Zacks reports. Beyond had a negative net margin of 22.82% and a negative return on equity of 69.32%.

Beyond Stock Down 9.6 %

Shares of NYSE:BYON traded down $0.74 during midday trading on Monday, reaching $6.91. The company had a trading volume of 4,527,157 shares, compared to its average volume of 3,433,190. The stock has a market capitalization of $317.95 million, a P/E ratio of -0.93 and a beta of 3.81. The stock’s fifty day moving average price is $6.75 and its 200-day moving average price is $7.96. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.97 and a quick ratio of 0.91. Beyond has a one year low of $4.45 and a one year high of $37.10.

Wall Street Analysts Forecast Growth

BYON has been the subject of several recent research reports. Barclays lowered 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 downgraded shares of Beyond from a “hold” rating to a “sell” rating in a research note on Wednesday, December 18th. Finally, Wedbush reaffirmed an “outperform” rating and set a $15.00 price target on shares of Beyond in a research note on Wednesday, February 5th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $12.29.

About Beyond

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.