Zacks
0
All posts from Zacks
Zacks in Our Research. Your Success.,

Barnes & Noble Education (BNED) Posts Earnings Miss, Stock Falls

Shares of Barnes & Noble Education BNED fell 12.5% today in afternoon trading on Wednesday after reporting break-even earnings for the fourth quarter of fiscal year 2017. 

Barnes & Noble Education, a contract operator of bookstores for academic institutions, reported fourth quarter net income of $227,000. The company broke even on earnings per share, missing analyst estimates of $0.02 earnings per share.

The company’s sales did well this quarter, however. Sales totaled $342.8 million, up from 294.8 million last year. Same-store sales increased 1.4%.

Earlier this year, Barnes & Noble Education completed the acquisition of MBS Textbook Exchange, a used college textbook wholesaler. Currently, there are 712 MBS stores. Moving forward, Barnes & Noble Education will report in two segments: one for Barnes & Noble College Booksellers, or BNC, and one for MBS.

Looking ahead, Barnes & Noble Education expects total sales to be flat in fiscal year 2018. The company projects comparable store sales to fall to a low-to mid-single digit percentage point range. BNED also expects consolidated sales to be in the range of $2.25 billion to $2.35 billion before intercompany eliminations.

BNED remains a Zacks Rank #3 (Hold). Our current consensus show that there will be positive year-over-year growth for the current year in sales, and the company has a VGM score of ‘B.’

More Stock News: 8 Companies Verge on Apple-Like Run

Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade, which could in turn save $200 billion in U.S. healthcare costs.

A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Barnes & Noble Education, Inc (BNED): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research