Wednesday, 20 September, 2017

(BBY) Scheduled to Post Quarterly Earnings on Tuesday

Best Buy earnings 69 cents a share vs 63 cents EPS expected Getty Images. More customers have been picking up gaming and mobile products at Best Buy helping the retailer continue to grow
Debra Rodriguez | 30 August, 2017, 01:51

Adjusted earnings per share were 69 USA cents in the quarter, well above the market consensus for 63 U.S. cents.

The company said its comparable sales rose 5.4% in its second fiscal quarter, which eclipsed the 2.2% expected by Wall Street according to Consensus Metrix.

Among 25 analysts covering Best Buy Co (NYSE:BBY), 11 have Buy rating, 3 Sell and 11 Hold. Last quarter, the company saw 8.53 billion in total revenues. During the same quarter in the prior year, the firm earned $0.57 earnings per share. The business had revenue of $8.94 billion for the quarter, compared to analysts' expectations of $8.67 billion. Zurcher Kantonalbank (Zurich Cantonalbank) invested in 143,519 shares or 0.06% of the stock. The company's 50 day moving average is $58.19 and its 200 day moving average is $52.51. The company has a market cap of $19.05 billion, a price-to-earnings ratio of 16.81 and a beta of 1.45. Caisse De Depot Et Placement Du Quebec has 0% invested in Best Buy Co Inc (NYSE:BBY) for 18,000 shares. Sun Life accumulated 0% or 6 shares. If you are viewing this piece of content on another website, it was stolen and republished in violation of global trademark & copyright legislation. Ny Life Com reported 0.5% in Best Buy Co Inc (NYSE:BBY). Loop Capital initiated the shares of BBY in report on Wednesday, December 7 with "Buy" rating. To assess the reasonability of BBY's earnings growth per share, we should look at its most recent growth rate delivered. The analysts estimated EPS for the higher end at 0.69 and lower end at 0.58 while the year ago reported earnings per share was 0.51.

Insider Trades for Best Buy Co., Inc. show that the latest trade was made on 20 Aug 2017 where Scarlett (Kathleen), the Officer completed a transaction type "Sell" in which 539 shares were traded at a price of $59.92. Over the trailing year, the stock is underperforming the S&P 500 by -39.55%, and it's gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. Four Brokerage firms have recommended the share with a sell recommendation, around three have issued a hold recommendation, seventeen have issued a buy recommendation and 1 has given a strong buy recommendation to The corporation. The stock has an average rating of "Buy" and a consensus target price of $57.42. $47.70's average target is -22.90% below currents $61.87 stock price.

The company's shares rose 4.2 percent to $65.10 in premarket trading. The disclosure for this sale can be found here. Company insiders own 0.84% of the company's stock. It turned negative, as 42 investors sold BBY shares while 168 reduced holdings.

Best Buy, the nation's largest consumer electronics retailer, is trying to make itself indispensable to shoppers as people shop more online. (NYSE:BBY) stock may see increased volatility following the report. (NYSE:BBY) last released its quarterly earnings results on Thursday, May 25th.

At the same time, Best Buy executives acknowledged on a conference call that some of that gain come from the store closings of some rivals. Massachusetts Financial Services Co. Moreover, Sterling Capital Mngmt Ltd Liability has 0.02% invested in Best Buy Co Inc (NYSE:BBY).

As it stands at present, the stock might find important action at key Fibonacci levels. Finally, Vanguard Group Inc. increased its stake in shares of Best Buy Co.by 4.0% in the first quarter. The stock's Dividend Yield stands at 1.98%. Institutional investors own 86.43% of the company's stock.

Best Buy Co, Inc is a provider of technology products, services and solutions. It has activities in the United States, Canada and Mexico.

The big change in product mix in the company's domestic segment was sales of entertainment gear.

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