Barnes & Noble Education, Inc (NYSE:BNED) bookstores operator for college and university campuses, is expected to report first quarter earnings results, before market open, on Thursday 3rd September 2020.
Analysts polled by Thomson Reuters anticipate first quarter loss of $ 0.78 per share from revenue of $ 220.53 million.
Looking ahead, the full year loss are expected at $ 0.55 per share on the revenues of $ 1552.10 million.
Previous Quarter Performance
Barnes & Noble Education, Inc announced loss for the fourth quarter of $ 0.84 per share, from the revenue of $ 256.89 million. The quarterly revenues contracted 23.18 percent compared with the same quarter last year. Street analysts expected Barnes & Noble Education, Inc to report loss of $ 0.48 per share on revenue of $ 220.54 million for the fourth quarter. The bottom line results missed street analysts by $ 0.36 or 75 percent, at the same time, top line results outshined analysts by $ 36.35 million or 16.48 percent.
Stock Performance
Shares of Barnes & Noble Education, Inc traded low $ -0.11 or -4.53 percent on Wednesday, reaching $ 2.22 with volume of 284.30 thousand shares. The stock opened down for the day at $ 2.29, after closing the previous day trading at $ 2.32.
According to the previous trading day, closing price of $ 2.32, representing a 109.01 % increase from the 52 week low of $ 1.11 and a 54.51 % decrease over the 52 week high of $ 5.10.
The company has a market capital of $ 107.72 million and is part of the Consumer Cyclical sector and Specialty Retail industry.
Conference Call
Barnes & Noble Education, Inc will be hosting a conference call at 8:30 AM eastern time on 3rd September 2020, to discuss its 1Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.bned.com
Barnes & Noble Education, Inc. operates bookstores for college and university campuses, and K-12 institutions in the United States. It operates in three segments: Barnes & Noble College, MBS Textbook Exchange, and Digital Student Solutions.
