Best Buy (BBY) Expected to Announce Quarterly Earnings on Tuesday

Best Buy (NYSE:BBY) is projected to issue its Q4 2026 results before the market opens on Tuesday, March 3rd. Analysts expect the company to announce earnings of $2.50 per share and revenue of $13.9569 billion for the quarter. Parties can find conference call details on the company’s upcoming Q4 2026 earning report page for the latest details on the call scheduled for Tuesday, March 3, 2026 at 8:00 AM ET.

Best Buy Trading Down 1.5%

Shares of BBY stock opened at $61.93 on Monday. Best Buy has a 1-year low of $54.99 and a 1-year high of $90.86. The firm has a market cap of $12.98 billion, a PE ratio of 20.51, a price-to-earnings-growth ratio of 1.48 and a beta of 1.46. The company has a 50-day moving average of $67.09 and a two-hundred day moving average of $73.01. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.05 and a quick ratio of 0.26.

Institutional Trading of Best Buy

A number of large investors have recently made changes to their positions in BBY. AQR Capital Management LLC lifted its stake in Best Buy by 30.9% in the fourth quarter. AQR Capital Management LLC now owns 9,158,839 shares of the technology retailer’s stock worth $613,001,000 after acquiring an additional 2,160,968 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Best Buy by 2.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,452,642 shares of the technology retailer’s stock valued at $498,805,000 after purchasing an additional 160,713 shares in the last quarter. Invesco Ltd. lifted its position in shares of Best Buy by 6.1% during the 4th quarter. Invesco Ltd. now owns 4,732,080 shares of the technology retailer’s stock worth $316,718,000 after purchasing an additional 271,988 shares during the last quarter. Morgan Stanley lifted its position in shares of Best Buy by 19.1% during the 4th quarter. Morgan Stanley now owns 3,778,294 shares of the technology retailer’s stock worth $252,881,000 after purchasing an additional 605,911 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Best Buy by 26.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,133,646 shares of the technology retailer’s stock worth $209,735,000 after purchasing an additional 664,522 shares in the last quarter. 80.96% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Best Buy

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

• Positive Sentiment: Telsey Advisory Group reiterated an Outperform rating on BBY, signaling at least one major shop has confidence in Best Buy’s longer-term playbook. Telsey Reiterates Outperform
• Positive Sentiment: GoPro and ASUS launched a co-branded ProArt laptop that will be sold exclusively at Best Buy in the U.S., providing a small but tangible product-differentiation and traffic driver in the near term. GoPro/ASUS ProArt at Best Buy
• Neutral Sentiment: Macro/AI uncertainty is a market-wide theme — commentary notes AI could both help and hurt sectors; this keeps discretionary retailers like Best Buy exposed to sentiment swings around tech spending. AI disruption looms over markets
• Neutral Sentiment: Analyst-model coverage (Zacks) highlights the key metrics investors will watch in BBY’s Q4 — same-store sales, AURs, services/Total Tech attach and margin drivers — useful context but no consensus surprise implied yet. Zacks Analyst Projections for BBY Q4
• Neutral Sentiment: Consensus analyst recommendation sits at “Hold,” reflecting mixed views across the sell-side and limited near-term conviction. Consensus “Hold” for Best Buy
• Negative Sentiment: HSBC lowered its price target on BBY from $96 to $85, signaling reduced optimism on Best Buy’s recovery momentum and contributing to downward pressure on the stock. HSBC cuts BBY price target
• Negative Sentiment: Wedbush trimmed its target to $70 (from $80) while staying Neutral, reflecting cautious near-term expectations and signaling limited upside in the near term. Wedbush cautious on Best Buy
• Negative Sentiment: UBS expects a tough fiscal Q4 with sales down ~2% amid intensifying competition — this guidance/expectation directly pressures near-term revenue and margins, a likely catalyst for today’s selloff. UBS sees tough Q4 for Best Buy

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on BBY shares. Wall Street Zen downgraded shares of Best Buy from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Jefferies Financial Group lowered their price target on Best Buy from $94.00 to $89.00 and set a “buy” rating for the company in a research report on Monday, February 9th. Loop Capital lifted their price objective on Best Buy from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Tuesday, November 25th. UBS Group increased their target price on Best Buy from $93.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday, November 26th. Finally, Wedbush dropped their target price on Best Buy from $80.00 to $70.00 and set a “neutral” rating for the company in a research report on Tuesday, February 24th. Seven research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $80.05.

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.