Research Analysts Set Expectations for Best Buy Q2 Earnings

Best Buy Co., Inc. (NYSE:BBY) – Stock analysts at Zacks Research dropped their Q2 2027 earnings per share (EPS) estimates for shares of Best Buy in a research report issued to clients and investors on Tuesday, December 16th. Zacks Research analyst Team now expects that the technology retailer will post earnings of $1.41 per share for the quarter, down from their previous forecast of $1.42. The consensus estimate for Best Buy’s current full-year earnings is $6.18 per share. Zacks Research also issued estimates for Best Buy’s Q3 2027 earnings at $1.48 EPS, Q4 2027 earnings at $2.69 EPS, FY2027 earnings at $6.82 EPS, Q1 2028 earnings at $1.33 EPS and Q2 2028 earnings at $1.53 EPS.

Other analysts also recently issued reports about the company. Weiss Ratings restated a “hold (c)” rating on shares of Best Buy in a report on Wednesday, October 8th. Wells Fargo & Company boosted their price target on Best Buy from $67.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, August 29th. Barclays raised their price objective on Best Buy from $74.00 to $81.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 25th. Daiwa Capital Markets boosted their target price on Best Buy from $76.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday, November 28th. Finally, Argus reissued a “hold” rating on shares of Best Buy in a research report on Tuesday, September 16th. Nine analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Best Buy has a consensus rating of “Hold” and a consensus price target of $84.11.

Best Buy Stock Down 1.7%

Shares of BBY opened at $71.40 on Thursday. The firm has a market cap of $14.96 billion, a PE ratio of 23.64, a price-to-earnings-growth ratio of 1.84 and a beta of 1.37. The company’s fifty day moving average is $77.58 and its two-hundred day moving average is $73.69. Best Buy has a fifty-two week low of $54.99 and a fifty-two week high of $91.68. The company has a quick ratio of 0.26, a current ratio of 1.05 and a debt-to-equity ratio of 0.44.

Best Buy (NYSE:BBY) last released its earnings results on Tuesday, November 25th. The technology retailer reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.09. Best Buy had a net margin of 1.54% and a return on equity of 50.02%. The business had revenue of $9.67 billion for the quarter, compared to analysts’ expectations of $9.57 billion. During the same period last year, the company earned $1.26 earnings per share. The company’s quarterly revenue was up 2.4% on a year-over-year basis. Best Buy has set its FY 2026 guidance at 6.250-6.350 EPS.

Best Buy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Tuesday, December 16th will be given a $0.95 dividend. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $3.80 annualized dividend and a yield of 5.3%. Best Buy’s dividend payout ratio (DPR) is 125.83%.

Insider Activity

In other news, Chairman Richard M. Schulze sold 74,553 shares of Best Buy stock in a transaction that occurred on Thursday, October 30th. The shares were sold at an average price of $84.31, for a total transaction of $6,285,563.43. Following the sale, the chairman owned 11,451,911 shares in the company, valued at $965,510,616.41. This trade represents a 0.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 1,534,993 shares of company stock worth $126,626,855 in the last 90 days. Company insiders own 0.47% of the company’s stock.

Institutional Investors Weigh In On Best Buy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BBY. Public Sector Pension Investment Board grew its stake in shares of Best Buy by 8.5% during the first quarter. Public Sector Pension Investment Board now owns 25,297 shares of the technology retailer’s stock valued at $1,862,000 after acquiring an additional 1,989 shares in the last quarter. Versor Investments LP acquired a new stake in Best Buy during the 1st quarter valued at approximately $434,000. Brooklyn Investment Group increased its holdings in Best Buy by 78.3% during the 1st quarter. Brooklyn Investment Group now owns 845 shares of the technology retailer’s stock worth $62,000 after purchasing an additional 371 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Best Buy by 106.7% in the 1st quarter. Wellington Management Group LLP now owns 11,744 shares of the technology retailer’s stock valued at $864,000 after purchasing an additional 6,061 shares in the last quarter. Finally, RWA Wealth Partners LLC purchased a new position in shares of Best Buy during the 1st quarter valued at approximately $295,000. Hedge funds and other institutional investors own 80.96% of the company’s stock.

Best Buy Company Profile

Best Buy Co, Inc engages in the retail of technology products in the United States, Canada, and international. Its stores provide computing and mobile phone products, such as desktops, notebooks, and peripherals; mobile phones comprising related mobile network carrier commissions; networking products; tablets covering e-readers; smartwatches; and consumer electronics consisting of digital imaging, health and fitness products, portable audio comprising headphones and portable speakers, and smart home products, as well as home theaters, which includes home theater accessories, soundbars, and televisions.