Q3 Earnings Preview For Best Buy

Don't be caught off-guard: Best Buy Co BBY releases its next round of earnings this Tuesday, November 26.

Want to skip the homework and get all the facts in one place? We thought so. Here is your everything-that-matters guide for Tuesday's Q3 earnings announcement before the bell.

See Also: Here's Every Major Retailers' Black Friday Weekend Shopping Hours

Earnings and Revenue

Wall Street analysts see Best Buy reporting earnings of $1.03 per share on sales of $9.7 billion.

In the same quarter last year, Best Buy reported earnings per share of 93 cents on sales of $9.59 billion. The Wall Street estimate would represent a 10.75% increase in the company's earnings. Revenue would be have grown 1.15% from the same quarter last year. Here's how the company's reported EPS has compared to analyst estimates in the past:

 

Quarter Q2 2020 Q1 2020 Q4 2019 Q3 2019
EPS Estimate 0.990 0.860 2.57 0.85
EPS Actual 1.080 1.020 2.72 0.93

Stock Performance

Over the last 52-week period, shares are up 16.99%. Given that these returns are generally positive, long-term shareholders can relax going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.

Analyst estimates have adjusted higher for EPS and revenues over the past 90 days. The popular rating by analysts on Best Buy stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.

Conference Call

Best Buy is scheduled to hold a conference call at 8:00 a.m. ET and can be accessed here.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsEarnings Previews
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!