Best Buy Co., Inc. (NYSE:BBY) electronic retailer, is reporting second quarter earnings results on Tuesday 25th August 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 1.08 per share.
For the full year, analysts predict revenues of $ 43726.10 million, while looking forward to income of $ 5.69 per share.
The Company Outlook
Full Year 2021 topline are forecasted in a range of$ 43,300.00 million ~ $ 44,300.00 million, where as bottomline are predicted in a range of $ 6.10 ~ $ 6.30 per share
Click Here For More Historical Outlooks Of Best Buy Co., Inc.
Previous Quarter Performance
Best Buy Co., Inc. recorded income for the first quarter of $ 0.67 per share, from the revenue of $ 8,562.00 million. The quarterly earnings dropped 34.31 percent compared with the same quarter last year. The consensus estimates are income of $ 0.60 per share from $ 8351.44 million in revenue. The bottom line results beat street analysts by $ 0.07 or 11.67 percent, at the same time, top line results outshined analysts by $ 210.56 million or 2.52 percent.
Stock Performance
Shares of Best Buy Co., Inc. traded high $ 3.37 or 2.96 percent on Monday, reaching $ 117.37 with volume of 5.39 million shares. Best Buy Co., Inc. has traded high as $ 119.48 and has cracked $ 114.80 on the downward trend
According to the previous trading day, closing price of $ 117.37, representing a 136.96 % increase from the 52 week low of $ 48.11 and a 4.59 % decrease over the 52 week high of $ 119.48.
The company has a market capital of $ 30.32 billion and is part of the Consumer Cyclical sector and Specialty Retail industry.
Recent Analyst recommendations
- On 18th August 2020, upgraded by Wedbush to Outperform from Neutral rating, with $ 130.00 target price.
- On 14th August 2020, initiated by DA Davidson at Buy rating, with $ 118.00 target price.
- On 13th August 2020, maintained by Piper Sandler at Overweight rating, with $ 127.00 target price.
- On 22nd July 2020, maintained by Wedbush at Neutral rating, with $ 95.00 target price.
- On 22nd July 2020, maintained by Wells Fargo & Co at Equal-Weight rating, with $ 92.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.55 per share on May 21, 2020. The dividend were payable on July 2, 2020 to holders of record as of the close of business on June 11, 2020 and ex-dividend date on June 10, 2020.
Conference Call
Best Buy Co., Inc. will be hosting a conference call at 8:00 AM eastern time on 25th August 2020, to discuss its 2Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.bestbuy.com
Best Buy Co., Inc. operates as a retailer of technology products, services, and solutions in the United States, Canada, and Mexico. The company operates in two segments, Domestic and International.
