Zacks Research Estimates Best Buy’s Q2 Earnings (NYSE:BBY)

Best Buy Co., Inc. (NYSE:BBY) – Analysts at Zacks Research dropped their Q2 2027 earnings per share estimates for Best Buy in a research note issued to investors on Tuesday, December 16th. Zacks Research analyst Team now forecasts that the technology retailer will post earnings per share of $1.41 for the quarter, down from their prior estimate of $1.42. The consensus estimate for Best Buy’s current full-year earnings is $6.18 per share. Zacks Research also issued estimates for Best Buy’s Q3 2027 earnings at $1.48 EPS, Q4 2027 earnings at $2.69 EPS, FY2027 earnings at $6.82 EPS, Q1 2028 earnings at $1.33 EPS and Q2 2028 earnings at $1.53 EPS.

Best Buy (NYSE:BBY) last posted its quarterly earnings data on Tuesday, November 25th. The technology retailer reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.09. The firm had revenue of $9.67 billion for the quarter, compared to the consensus estimate of $9.57 billion. Best Buy had a net margin of 1.54% and a return on equity of 50.02%. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.26 earnings per share. Best Buy has set its FY 2026 guidance at 6.250-6.350 EPS.

Several other equities analysts also recently issued reports on BBY. Daiwa Capital Markets upped their target price on Best Buy from $76.00 to $80.00 and gave the company a “neutral” rating in a research report on Friday, November 28th. Morgan Stanley boosted their price target on Best Buy from $75.00 to $82.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 26th. Truist Financial set a $77.00 price objective on Best Buy in a research note on Wednesday. Wells Fargo & Company lifted their target price on Best Buy from $67.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, August 29th. Finally, Loop Capital upped their target price on Best Buy from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Tuesday, November 25th. Nine research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Best Buy has an average rating of “Hold” and a consensus price target of $84.11.

Best Buy Trading Up 0.0%

NYSE BBY opened at $71.76 on Thursday. Best Buy has a 12-month low of $54.99 and a 12-month high of $91.68. The company has a fifty day simple moving average of $77.53 and a two-hundred day simple moving average of $73.70. The company has a current ratio of 1.05, a quick ratio of 0.26 and a debt-to-equity ratio of 0.44. The stock has a market cap of $15.04 billion, a P/E ratio of 23.76, a P/E/G ratio of 1.82 and a beta of 1.37.

Best Buy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Tuesday, December 16th will be issued a $0.95 dividend. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $3.80 dividend on an annualized basis and a yield of 5.3%. Best Buy’s payout ratio is presently 125.83%.

Insider Transactions at Best Buy

In other Best Buy news, Chairman Richard M. Schulze sold 500,000 shares of the company’s stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $80.83, for a total value of $40,415,000.00. Following the sale, the chairman owned 12,486,904 shares in the company, valued at approximately $1,009,316,450.32. This represents a 3.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders sold 1,534,993 shares of company stock valued at $126,626,855 over the last three months. Insiders own 0.47% of the company’s stock.

Institutional Trading of Best Buy

A number of hedge funds have recently added to or reduced their stakes in BBY. IFM Investors Pty Ltd raised its stake in Best Buy by 6.6% in the second quarter. IFM Investors Pty Ltd now owns 48,919 shares of the technology retailer’s stock valued at $3,284,000 after buying an additional 3,040 shares in the last quarter. Focus Partners Advisor Solutions LLC lifted its stake in Best Buy by 191.9% during the first quarter. Focus Partners Advisor Solutions LLC now owns 10,714 shares of the technology retailer’s stock worth $789,000 after purchasing an additional 7,043 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Best Buy during the 1st quarter worth approximately $370,000. Conning Inc. boosted its holdings in shares of Best Buy by 5.4% in the 2nd quarter. Conning Inc. now owns 479,055 shares of the technology retailer’s stock valued at $32,159,000 after buying an additional 24,741 shares in the last quarter. Finally, Intech Investment Management LLC grew its position in shares of Best Buy by 53.6% in the 1st quarter. Intech Investment Management LLC now owns 26,462 shares of the technology retailer’s stock valued at $1,948,000 after buying an additional 9,231 shares during the last quarter. 80.96% of the stock is owned by hedge funds and other institutional investors.

Best Buy News Roundup

Here are the key news stories impacting Best Buy this week:

• Positive Sentiment: Zacks raised FY‑2027 EPS and bumped several quarterly estimates (Q1, Q3, Q4 increases), signaling improved medium‑term earnings expectations that can support the stock; investors often reward consensus upgrades. MarketBeat BBY Zacks Coverage
• Positive Sentiment: A report noted Zacks increased its FY2026 EPS estimate for Best Buy, which reinforces near‑term upside to earnings expectations and can buoy sentiment. Best Buy FY2026 EPS Estimate Increased by Zacks Research
• Neutral Sentiment: Yahoo Finance recap/benchmark pieces on specialty retail review Best Buy’s Q3 performance in context of peers — useful for relative valuation and sector positioning but not an immediate catalyst. Specialty Retail Stocks Q3 Results: Benchmarking Best Buy
• Neutral Sentiment: Investopedia’s feature on the top companies Best Buy owns is background on the company’s investment stakes; informative for long‑term holders but unlikely to move the stock short‑term. Top 3 Companies Owned by Best Buy (BBY)
• Negative Sentiment: Truist lowered its price target to $77 from $84, a direct negative signal for valuation expectations that can pressure sentiment and cap upside. Best Buy price target lowered to $77 from $84 at Truist
• Negative Sentiment: Separately, Zacks trimmed its Q2‑2028 EPS estimate modestly (e.g., down to $1.53 from $1.57), a small near‑term earnings headwind that offsets some of the positive revisions. MarketBeat BBY Zacks Coverage

Best Buy Company Profile

Best Buy Co, Inc is a leading North American consumer electronics retailer that sells a broad range of products including computers, mobile phones, televisions and home theater systems, major appliances, smart-home devices, gaming hardware and software, wearables and related accessories. The company operates through a mix of large-format stores, smaller specialty locations and an e-commerce platform, offering national and private-brand merchandise from major consumer-technology manufacturers as well as third-party sellers.

Beyond product retailing, Best Buy provides a suite of services aimed at installation, repair and ongoing technical support.