Best Buy Co., Inc. (NYSE:BBY) Q4 2024 Earnings Conference Call February 29, 2024 8:00 AM ET Company Participants Mollie O'Brien - VP, IR Corie Barry - CEO Matt Bilunas - CFO Conference Call Participants Scott Ciccarelli - Truist Securities Brian Nagel - Oppenheimer Michael Lasser - UBS Seth Sigman - Barclays Kate McShane - Goldman Sachs Greg Melich - Evercore ISI Joe Feldman - Telsey Advisory Group Operator Ladies and gentlemen, thank you for standing by. Welcome to Best Buy's Fourth Quarter Fiscal 2024 Ear ...

Best Buy (BBY) reported $14.65 billion in revenue for the quarter ended January 2024, representing a year-over-year decline of 0.6%. EPS of $2.72 for the same period compares to $2.61 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $14.52 billion, representing a surprise of +0.89%. The company delivered an EPS surprise of +8.37%, with the consensus EPS estimate being $2.51.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how ...

Best Buy (BBY) came out with quarterly earnings of $2.72 per share, beating the Zacks Consensus Estimate of $2.51 per share. This compares to earnings of $2.61 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.37%. A quarter ago, it was expected that this consumer electronics retailer would post earnings of $1.19 per share when it actually produced earnings of $1.29, delivering a surprise of 8.40%.Over the last four quarters, ...

Best Buy Co Inc (NYSE: BBY) is trading up in premarket on Thursday after reporting better-than-expected financial results for the fourth quarter.Best Buy’s guidance for fiscal 2025Copy link to sectionShareholders are cheering also because the management issued good enough guidance for the future. Best Buy now forecasts its revenue to fall between $41.3 billion and $42.6 billion in fiscal 2025. Analysts, in comparison, were at $42.3 billion. Corie Barry – the chief executive of Best Buy Co Inc said in a pre ...

Best Buy surpassed Wall Street's revenue and earnings expectations for the holiday quarter on Thursday, even as the retailer navigated through a period of tepid consumer electronics demand and guided to a softer year ahead. For this fiscal year, Best Buy anticipates revenue will range from $41.3 billion to $42.6 billion. That would mark a drop from the most recently ended fiscal year, when full-year revenue totaled $43.45 billion. It said comparable sales will range from flat to a 3% decline.In a news relea ...

Best Buy logo is seen near the store in Montreal, Canada on June 13, 2023. (Photo by Jakub ... [+] Porzycki/NurPhoto via Getty Images)NurPhoto via Getty ImagesNote: Best Buy’s BBY FY’24 ended Jan 2024Best Buy (NYSE: BBY), a specialty retailer of consumer electronics, is scheduled to report its fiscal fourth-quarter results on Thursday, February 29. We expect the retailer’s stock to decrease post-fiscal Q4 with revenues and earnings missing estimates slightly. Several big factors hurt the consumer electronic ...

Exhibit 99 Best Buy Reports Fourth Quarter Results Comparable Sales Declined 4.8% GAAP Diluted EPS of $2.12 Non-GAAP Diluted EPS of $2.72 Increasing Quarterly Dividend 2% to $0.94 per Share Expects FY25 Non-GAAP Diluted EPS of $5.75 to $6.20 MINNEAPOLIS, February 29, 2024 -- Best Buy Co., Inc. (NYSE: BBY) today announced results for the 14-week fourth quarter ended February 3, 2024 (“Q4 FY24”), as compared to the 13-week fourth quarter ended January 28, 2023 (“Q4 FY23”). Q4 FY24 Q4 FY23 FY24 FY23 (14 weeks) ...

Investors are always looking for stocks that are poised to beat at earnings season and Best Buy Co., Inc. (BBY) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Best Buy is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good in ...

Best Buy Co., Inc. (BBY) is likely to register year-over-year declines in the top and bottom lines when it reports its fourth-quarter fiscal 2024 results on Feb 29, before the opening bell.The Zacks Consensus Estimate for revenues is pegged at $14,517 million, indicating a 1.5% decrease from the year-ago quarter’s reported figure. The consensus estimate for quarterly earnings has been unchanged at $2.51 in the past 30 days, suggesting a 3.8% plunge from the year-ago quarter’s reported figure.BBY delivered a ...

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use fundamental analysis and traditional va ...