What is Wedbush’s Forecast for Beyond FY2024 Earnings?

Beyond, Inc. (NYSE:BYON) – Research analysts at Wedbush upped their FY2024 earnings per share (EPS) estimates for shares of Beyond in a report issued on Wednesday, February 5th. Wedbush analyst M. Pachter now expects that the company will post earnings of ($3.57) per share for the year, up from their previous estimate of ($3.60). Wedbush currently has a “Outperform” rating and a $15.00 price target 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.

Several other equities research analysts have also issued reports on BYON. Bank of America lowered shares of Beyond from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $12.50 to $6.00 in a research note on Friday, October 25th. Piper Sandler reduced their price target on Beyond from $14.00 to $8.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Needham & Company LLC reissued a “buy” rating and set a $13.00 price objective on shares of Beyond in a report on Wednesday, October 23rd. Maxim Group reduced their target price on Beyond from $33.00 to $26.00 and set a “buy” rating for the company in a report on Friday, October 25th. Finally, Barclays decreased their target price on Beyond from $8.00 to $7.00 and set an “equal weight” rating for the company in a research report on Thursday, January 9th. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $12.29.

Beyond Stock Down 2.9 %

NYSE BYON opened at $8.96 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.91 and a debt-to-equity ratio of 0.17. Beyond has a 12-month low of $4.45 and a 12-month high of $37.10. The company has a 50 day moving average price of $6.10 and a two-hundred day moving average price of $8.26.

Institutional Trading of Beyond

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BYON. Raymond James Financial Inc. bought a new stake in shares of Beyond in the fourth quarter valued at approximately $578,000. Kohmann Bosshard Financial Services LLC acquired a new position in Beyond during the 4th quarter valued at $30,000. SRN Advisors LLC boosted its holdings in Beyond by 164.5% in the 4th quarter. SRN Advisors LLC now owns 320,001 shares of the company’s stock valued at $1,578,000 after purchasing an additional 199,000 shares during the period. Bank of New York Mellon Corp grew its position in Beyond by 1.0% in the 4th quarter. Bank of New York Mellon Corp now owns 136,405 shares of the company’s stock worth $672,000 after purchasing an additional 1,292 shares during the last quarter. Finally, Sigma Planning Corp bought a new position in shares of Beyond during the 4th quarter worth about $75,000. Institutional investors and hedge funds own 76.30% of the company’s stock.

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.