Deutsche Bank Predicts BBY 4Q11 Results

Deutsche Bank has issued a report on their predictions for Best Buy's BBY fourth quarter results. According to the report, "Best Buy reports 4Q11 earnings on Thursday, March 24rth. We're forecasting EPS of $1.83 vs implied guidance of $1.75 - $1.95 and consensus of $1.85… Low expectations make the stock interesting in front of the quarter. We believe TVS are still weak, but should be offset by strength in mobile, which helps Gross Margins, as well as SGA reduction and buybacks" Best Buy closed at $31.53 yesterday.