The market expects Best Buy (BBY) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended January 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on F ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Best Buy (BBY) . This company, which is in the Zacks Retail - Consumer Electronics industry, shows potential for another earnings beat.When looking at the last two reports, this consumer electronics retailer has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 11.75%, on average, i ...

Best Buy (BBY) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.Since a changing ...

We are in the second phase of the fourth-quarter 2023 earnings season. Results are, so far, better than expected. As of Feb 16, 396 companies on the S&P 500 Index reported their financial numbers. Total earnings for these index members are up 5.1% from the same period last year on 3.4% higher revenues, with 78.8% beating EPS estimates and 64.4% beating revenue estimates.At present, total fourth-quarter 2023 earnings for the S&P 500 Index are expected to be up 5.1% on 3.4% higher revenues. This would follow ...

Kena Betancur Overview My recommendation for Best Buy Co., Inc. (NYSE:BBY) is a buy rating. My reason for the buy recommendation is because of the attractive capital return story and the demand recovery in PCs and smartphones in the latter part of this year. I need to highlight that any investment position should be small because near-term growth is likely to remain weak, at least through 1H24. If there are signs of further macro weakness, I would recommend further scaling down the position. For risk-av ...

In this video, Motley Fool contributor Jason Hall takes a closer look at JPMorgan Chase (JPM 1.73%), Wells Fargo (WFC 3.62%), and Bank of America (BAC 1.54%). One is most worth buying right now.*Stock prices used were from the afternoon of Jan. 17, 2023. The video was published on Jan. 20, 2023. ...

Best Buy has added a new platform to support its expansion into prescription health and wellness technology products. The new online experience enables eligible customers to buy continuous glucose monitoring devices (CGMs), according to a Wednesday (Jan. 10) press release issued by Stripe, which is providing the payments infrastructure for Best Buy’s new platform. “Stripe is thrilled to accelerate the expansion of Best Buy’s health and wellness category as they sell prescription based medical devices for th ...

7 Safe Stocks That Pay You Serious Dividends ShutterstockProfessional / Shutterstock.com Investors love dividend stocks because they provide dependable income and give investors a great opportunity for solid total return. Total return includes interest, capital gains, dividends, and distributions realized over time. In other words, the actual investment or portfolio return consists of dividend income and stock appreciation.We screened our 24/7 Wall St. dividend stock database, looking for solid companies ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) (cid:0) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 28, 2023 OR (cid:0) TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-9595 BEST BUY CO., INC. (Exact name of registrant as specified in its charter) Minnesota 41-0907483 (State or other ...

Best Buy Co., Inc. (NYSE:BBY) Q3 2024 Earnings Call Transcript November 21, 2023 8:00 AM ET Company Participants Mollie O'Brien - VP, IR Corie Barry - CEO Matt Bilunas - CFO Conference Call Participants Simeon Gutman - Morgan Stanley Chris Horvers - JPMorgan Peter Keith - Piper Sandler Mike Baker - D.A. Davidson Steven Zaccone - Citi Jonathan Matuszewski - Jefferies Steven Forbes - Guggenheim Operator Ladies and gentlemen, thank you for standing by. Welcome to the Best Buy's Third Quarter Fiscal 2024 Earnin ...