Market Overview

Earnings Preview: Best Buy Co


Best Buy Co (NYSE: BBY) releases its next round of earnings this Tuesday, August 25. Get the latest predictions in Benzinga's essential guide to the company's Q2 earnings report.

Earnings and Revenue

Best Buy Co EPS will likely be near $1.05 while revenue will be around $9.67 billion, according to analysts. Best Buy Co earnings in the same period a year ago was $1.08 per share. Quarterly sales came in at $9.54 billion. If the company were to match the consensus estimate, earnings per share would be down 2.78%. In comparison to analyst estimates in the past, here's how the company's reported EPS stacks up:

Quarter Q1 2020 Q4 2020 Q3 2019 Q2 2019
EPS Estimate 0.60 2.75 1.03 0.99
EPS Actual 0.67 2.90 1.13 1.08
Revenue Estimate 8.35 B 15.06 B 9.70 B 9.56 B
Revenue Actual 8.56 B 15.20 B 9.76 B 9.54 B

Stock Performance

Over the last 52-week period, shares are up 71.52%. Given that these returns are generally positive, long-term shareholders should be content going into this earnings release.

Don't be surprised to see the stock move on comments made during its conference call. Best Buy Co is scheduled to hold the call at 08:00:00 ET and can be accessed here:


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Posted-In: Earnings