Needham Reiterates Buy on Barnes & Noble Education, Maintains $16 Price Target
Needham analyst Ryan MacDonald reiterates Barnes & Noble Education (NYSE:BNED) with a Buy and maintains $16 price target.
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Barnes & Noble Education Q1 Adj. EPS $(0.37) Misses $0.63 Estimate, Sales $290.595M Miss $685.284M Estimate
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Barnes & Noble Education shares are trading lower after the company reported worse-than-expected Q1 financial results.
Barnes & Noble Education (BNED) Reports Q1 Loss, Misses Revenue Estimates
Barnes & Noble Education reported a Q1 loss of $0.37 per share, beating expectations of a $0.50 loss, but missed revenue estimates with $290.6 million versus the consensus estimate. Despite the revenue miss, the stock has gained 38.4% year-to-date and holds a Zacks Rank #2 (Buy) rating based on favorable estimate revisions.