What is Wedbush’s Forecast for Beyond FY2024 Earnings?

Beyond, Inc. (NYSE:BYON) – Stock analysts at Wedbush increased their FY2024 earnings per share estimates for Beyond in a research report issued on Wednesday, February 5th. Wedbush analyst M. Pachter now anticipates that the company will post earnings per share of ($3.57) for the year, up from their previous forecast of ($3.60). Wedbush 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.

A number of other analysts have also recently weighed in on the stock. Bank of America cut shares of Beyond from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $12.50 to $6.00 in a research note on Friday, October 25th. Maxim Group lowered their price objective on Beyond from $33.00 to $26.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Piper Sandler dropped their target price on Beyond from $14.00 to $8.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Needham & Company LLC reaffirmed a “buy” rating and issued a $13.00 price target on shares of Beyond in a research note on Wednesday, October 23rd. Finally, Argus lowered Beyond from a “hold” rating to a “sell” rating in a research note on Wednesday, December 18th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $12.29.

Beyond Stock Performance

Shares of BYON stock opened at $8.96 on Friday. The firm has a fifty day moving average of $6.10 and a 200-day moving average of $8.26. Beyond has a 52-week low of $4.45 and a 52-week high of $37.10. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.91 and a current ratio of 0.97.

Institutional Investors Weigh In On Beyond

A number of hedge funds and other institutional investors have recently bought and sold shares of BYON. Kohmann Bosshard Financial Services LLC acquired a new position in Beyond in the fourth quarter worth $30,000. R Squared Ltd acquired a new position in Beyond during the 4th quarter worth about $32,000. SG Americas Securities LLC bought a new stake in Beyond during the 4th quarter worth about $67,000. Sigma Planning Corp acquired a new stake in Beyond in the 4th quarter valued at about $75,000. Finally, Safe Harbor Fiduciary LLC acquired a new stake in Beyond in the 3rd quarter valued at about $80,000. 76.30% of the stock is owned by institutional investors and hedge funds.

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.