Best Buy Co (BBY) Set to Announce Quarterly Earnings on Thursday
Best Buy Co (NYSE:BBY) is scheduled to release its Q115 earnings data on Thursday, May 22nd. Analysts expect Best Buy Co to post earnings of $0.20 per share and revenue of $9.20 billion for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.
Best Buy Co (NYSE:BBY) last posted its quarterly earnings results on Thursday, February 27th. The company reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.23. The company had revenue of $14.47 billion for the quarter, compared to the consensus estimate of $14.66 billion. During the same quarter in the previous year, the company posted $1.64 earnings per share. The company’s revenue for the quarter was down 3.0% on a year-over-year basis. On average, analysts expect Best Buy Co to post $2.20 EPS for the current fiscal year and $2.54 EPS for the next fiscal year.
Shares of Best Buy Co (NYSE:BBY) opened at 24.66 on Wednesday. Best Buy Co has a one year low of $22.15 and a one year high of $44.66. The stock’s 50-day moving average is $25.70 and its 200-day moving average is $31.03. The company has a market cap of $8.558 billion and a price-to-earnings ratio of 17.03. Best Buy Co also saw unusually large options trading activity on Tuesday. Stock investors acquired 17,654 put options on the stock. This represents an increase of approximately 641% compared to the typical daily volume of 2,384 put options.
A number of analysts have recently weighed in on BBY shares. Analysts at Piper Jaffray reiterated a “buy” rating on shares of Best Buy Co in a research note on Monday. On a related note, analysts at Bank of America reiterated a “buy” rating on shares of Best Buy Co in a research note on Friday, April 4th. Finally, analysts at Zacks upgraded shares of Best Buy Co from an “underperform” rating to a “neutral” rating in a research note on Friday, April 4th. They now have a $28.00 price target on the stock. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seventeen have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $42.00.
Best Buy Co, Inc is a multinational retailer of consumer electronics, computing and mobile phone products, entertainment products, appliances and related services.
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