Barnes & Noble, Inc. (NASDAQ:BKS) To Report Earnings

Peter Castro
December 2, 2017

Many analysts are providing their Estimated Earnings analysis for Barnes & Noble, Inc. and for the current quarter 3 analysts have projected that the stock could give an Average Earnings estimate of $1.05/share. The company traded as low as $6.75 and last traded at $6.90. The stock had a trading volume of 2,207,600 shares, compared to its average volume of 1,058,074. The specialty retailer reported ($0.15) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.12) by ($0.03).

While looking at the Stock's Performance, Barnes & Noble, Inc. now shows a Weekly Performance of -4.83%, where Monthly Performance is -1.43%, Quarterly performance is -10.97%, 6 Months performance is -1.43% and yearly performance percentage is -45.24%.

The New York-based company's total sales fell almost 8 percent in its fiscal second quarter that ended October 28 compared to previous year, fueling a loss of $30.1 million.

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Barnes & Noble (BKS) traded up $0.25 during trading on Thursday, hitting $7.80. It was also a far cry from Wall Street's losses per share estimate of 26 cents for the quarter. JPMorgan Chase & Co. now owns 23,581 shares of the specialty retailer's stock valued at $218,000 after acquiring an additional 3,191 shares during the last quarter. Barnes & Noble said it did not take the offer seriously. The number of shares now owned by investors are 16.54 mln. In the second quarter past year, Barnes & Noble lost 29 cents per share. Abrams Capital Management L.P. owns 3.51 million shares or 1.06% of their United States portfolio. These holdings make up 77.86% of the company's outstanding shares. Acadian Asset Management LLC acquired a new position in Barnes & Noble during the second quarter worth approximately $2,181,000.

Institutional investors have recently added to or reduced their stakes in the business. The company's P/E (price to earnings) ratio is 19.55 and Forward P/E ratio of 12.32. These analysts have also projected a Low Estimate of $0.99/share and a High Estimate of $1.14/share.

According to analysts Barnes & Noble (NYSE:BKS)'s minimum EPS for the current quarter is at $-0.28 and can go high up to $-0.23. If you are reading this story on another website, it was illegally stolen and republished in violation of USA and global trademark & copyright laws. The legal version of this news story can be viewed at https://www.dispatchtribunal.com/2017/11/30/barnes-noble-bks-posts-earnings-results-misses-expectations-by-0-15-eps.html. The last close places the company's stock about $6.3 off its 52 week high of $13.2 and $0.65 above the 52 week low of $6.25.

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