Cleveland Research Raised Estimates on Best Buy Prior to Earnings

Cleveland Research analyst Daryl Boehringer raised estimates on Best Buy Co., Inc. BBY assuming market share gains in earnings report next week. Boehringer commented on Best Buy's improved comp/ margin trajectory, ongoing cost savings, and upcoming product introductions tailwinds. Cleveland increased full year 2014 EPS estimates from $2.53 to $2.57. The average analyst FY14 EPS is $2.45 according to Bloomberg. Best Buy is scheduled to report earning on Tuesday, November 19th. Best Buy closed at $43.33 on Thursday and is currently trading +0.83%.