Top Wall Street Forecasters Revamp Best Buy Expectations Ahead Of Q3 Earnings

Core Insights - Best Buy Co., Inc. is set to release its third-quarter earnings results on November 25, with analysts expecting earnings of $1.31 per share, an increase from $1.26 per share in the same period last year [1] - The consensus estimate for quarterly revenue is $9.59 billion, compared to $9.45 billion in the previous year [1] - CFO Matt Bilunas indicated that third-quarter comparable sales are expected to reflect a 1.6% growth, aligning with the higher end of the full-year revenue guidance of $41.1 billion to $41.9 billion [2] Analyst Ratings - Telsey Advisory Group analyst Joseph Feldman maintains an Outperform rating with a price target of $90 [5] - JP Morgan analyst Christopher Horvers has an Overweight rating and raised the price target from $89 to $97 [5] - Truist Securities analyst Scot Ciccarelli holds a Hold rating and increased the price target from $72 to $79 [5] - Argus Research analyst Chris Graja maintains a Hold rating [5] - Wedbush analyst Alicia Reese has a Neutral rating and raised the price target from $70 to $75 [5]