Core Insights - Best Buy reported quarterly earnings of $1.15 per share, exceeding the Zacks Consensus Estimate of $1.09 per share, but down from $1.20 per share a year ago, representing an earnings surprise of 5.50% [1] - The company posted revenues of $8.77 billion for the quarter ended April 2025, slightly surpassing the Zacks Consensus Estimate by 0.01%, but down from $8.85 billion year-over-year [2] - Best Buy shares have declined approximately 16.6% year-to-date, contrasting with the S&P 500's gain of 0.1% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.30 on revenues of $9.24 billion, and for the current fiscal year, it is $6.15 on revenues of $41.38 billion [7] - The estimate revisions trend for Best Buy is currently unfavorable, leading to a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] Industry Context - The Retail - Consumer Electronics industry, to which Best Buy belongs, is currently ranked in the bottom 7% of over 250 Zacks industries, suggesting a challenging environment for the stock [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Best Buy's stock performance [5]

The market expects Urban Outfitters (URBN) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended April 2025. 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 rele ...