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Best Buy Earnings Estimate

BBY Stock  USD 76.00  0.23  0.30%   
The next projected EPS of Best Buy is estimated to be 1.08 with future projections ranging from a low of 1.02 to a high of 1.15. Best Buy's most recent 12-month trailing earnings per share (EPS TTM) is at 5.68. Please be aware that the consensus of earnings estimates for Best Buy Co is based on EPS before non-recurring items and includes expenses related to employee stock options.
 
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Best Buy is projected to generate 1.08 in earnings per share on the 30th of April 2024. Best Buy earnings estimates module stress-tests analyst consensus about projected Best Buy Co EPS (Earning Per Share) to derive its highest and lowest estimates based on its historical volatility. Many public companies, such as Best Buy, manage the perception of their earnings on a regular basis to make sure that analyst estimates are accurate. Future earnings calculations are also an essential input when attempting to value a firm. By analyzing Best Buy's earnings estimates, investors can diagnose different trends across Best Buy's analyst sentiment over time as well as compare current estimates against different timeframes. Gross Profit Margin is likely to rise to 0.25 in 2024, whereas Gross Profit is likely to drop slightly above 6.5 B in 2024.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Best Buy Co. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Best Buy Earnings Estimation Breakdown

The calculation of Best Buy's earning per share is based on the data from the past 12 consecutive months, used for reporting the company's financial figures. The next projected EPS of Best Buy is estimated to be 1.08 with the future projection ranging from a low of 1.02 to a high of 1.15. Please be aware that this consensus of annual earnings estimates for Best Buy Co is based on EPS before non-recurring items and includes expenses related to employee stock options.
Last Reported EPS
2.72
1.02
Lowest
Expected EPS
1.08
1.15
Highest

Best Buy Earnings Projection Consensus

Suppose the current estimates of Best Buy's value are higher than the current market price of the Best Buy stock. In this case, investors may conclude that Best Buy is overpriced and will exhibit bullish sentiment. On the other hand, if the present value is lower than the stock price, analysts may conclude that the market undervalues the equity. These scenarios may suggest that the market is not as efficient as it should be at the estimation time, and Best Buy's stock will quickly adjusts to the new information provided by the consensus estimate.
Number of AnalystsHistorical AccuracyLast Reported EPSEstimated EPS for 30th of April 2024Current EPS (TTM)
2587.87%
2.72
1.08
5.68

Best Buy Earnings History

Earnings estimate consensus by Best Buy analysts from Wall Street is used by the market to judge Best Buy's stock performance. Investors also use these earnings estimates to evaluate and project the stock performance into the future in order to make their investment decisions. However, we recommend analyzing not only Best Buy's upcoming profit reports and earnings-per-share forecasts but also comparing them to our different valuation methods.

Best Buy Quarterly Gross Profit

3 Billion

Price Earnings Ratio is likely to rise to 26.02 in 2024, whereas Retained Earnings are likely to drop slightly above 2.5 B in 2024. Common Stock Shares Outstanding is likely to rise to about 386 M in 2024. Net Income Applicable To Common Shares is likely to rise to about 1.7 B in 2024.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Best Buy's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
75.0276.7778.52
Details
Intrinsic
Valuation
LowRealHigh
69.1579.3881.13
Details
30 Analysts
Consensus
LowTargetHigh
74.4581.8190.81
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Best Buy. Your research has to be compared to or analyzed against Best Buy's peers to derive any actionable benefits. When done correctly, Best Buy's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Best Buy. Note that many institutional investors and large investment bankers can move markets due to the volume of Best assets they manage. They also follow analysts to some degree and often drive overall investor sentiments towards Best Buy. With so many stockholders watching consensus numbers, the difference between actual and projected earnings is one of the most critical factors driving Best Buy's stock price in the short term.

Best Buy Earnings per Share Projection vs Actual

Actual Earning per Share of Best Buy refers to what the company shows during its earnings calls or quarterly reports. The Expected EPS is what analysts covering Best Buy Co predict the company's earnings will be in the future. The higher the earnings per share of Best Buy, the better is its profitability. While calculating the Earning per Share, we use the weighted ratio, as the number of shares outstanding can change over time.

Best Buy Estimated Months Earnings per Share

For an investor who is primarily interested in generating an income out of investing in entities such as Best Buy, the EPS ratio can tell if the company is intending to increase its current dividend. Although EPS is an essential tool for investors, it should not be used in isolation. EPS of Best Buy should always be considered in relation to other companies to make a more educated investment decision.

Best Quarterly Analyst Estimates and Surprise Metrics

Earnings surprises can significantly impact Best Buy's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2024-02-29
2024-01-312.522.720.2
2023-11-21
2023-10-311.181.290.11
2023-08-29
2023-07-311.061.220.1615 
2023-05-25
2023-04-301.111.150.04
2023-03-02
2023-01-312.112.610.523 
2022-11-22
2022-10-311.031.380.3533 
2022-08-30
2022-07-311.271.540.2721 
2022-08-22
2022-05-311.851.57-0.2815 
2022-05-24
2022-04-301.611.57-0.04
2022-03-03
2022-02-282.732.730.0
2022-03-03
2022-01-312.732.730.0
2021-11-30
2021-11-301.912.080.17
2021-11-23
2021-10-311.912.080.17
2021-11-23
2021-08-311.97152.080.1085
2021-08-24
2021-07-311.852.981.1361 
2021-08-24
2021-05-311.88732.981.092757 
2021-05-27
2021-04-301.392.230.8460 
2021-05-27
2021-02-281.41242.230.817657 
2021-02-25
2021-01-313.453.480.03
2021-02-25
2020-11-303.44993.480.0301
2020-11-24
2020-10-311.72.060.3621 
2020-11-24
2020-08-311.72432.060.335719 
2020-08-25
2020-07-311.081.710.6358 
2020-08-25
2020-05-311.09281.710.617256 
2020-05-21
2020-04-300.50.670.1734 
2020-05-21
2020-02-290.40730.670.262764 
2020-02-27
2020-01-312.752.90.15
2020-02-27
2019-11-302.75852.90.1415
2019-11-26
2019-10-311.031.130.1
2019-11-26
2019-08-311.03281.130.0972
2019-08-29
2019-07-310.991.080.09
2019-08-29
2019-05-310.99061.080.0894
2019-05-23
2019-04-300.861.020.1618 
2019-05-23
2019-02-280.86691.020.153117 
2019-02-27
2019-01-312.572.720.15
2019-02-27
2018-11-302.5792.720.141
2018-11-20
2018-10-310.850.930.08
2018-11-20
2018-08-310.84860.930.0814
2018-08-28
2018-07-310.830.910.08
2018-08-28
2018-05-310.82790.910.0821
2018-05-24
2018-04-300.740.820.0810 
2018-05-24
2018-02-280.7430.820.07710 
2018-03-01
2018-01-312.042.420.3818 
2018-02-28
2017-11-302.042.420.3818 
2017-11-16
2017-10-310.780.780.0
2017-11-16
2017-08-310.78060.78-6.0E-4
2017-08-29
2017-07-310.630.690.06
2017-08-29
2017-05-310.63230.690.0577
2017-05-25
2017-04-300.40.570.1742 
2017-05-25
2017-02-280.40250.60.197549 
2017-03-01
2017-01-311.671.950.2816 
2017-02-28
2016-11-301.671.950.2816 
2016-11-17
2016-10-310.470.620.1531 
2016-11-17
2016-08-310.47260.620.147431 
2016-08-23
2016-07-310.430.570.1432 
2016-08-23
2016-05-310.42730.570.142733 
2016-05-24
2016-04-300.350.440.0925 
2016-05-24
2016-02-290.34890.440.091126 
2016-02-25
2016-01-311.391.530.1410 
2016-02-25
2015-11-301.39371.530.1363
2015-11-19
2015-10-310.350.410.0617 
2015-11-19
2015-08-310.350.410.0617 
2015-08-25
2015-07-310.340.490.1544 
2015-08-25
2015-05-310.340.490.1544 
2015-05-21
2015-04-300.290.370.0827 
2015-03-03
2015-02-281.351.480.13
2015-03-03
2015-01-311.351.480.13
2014-11-20
2014-10-310.250.320.0728 
2014-11-20
2014-08-310.250.320.0728 
2014-08-26
2014-07-310.310.440.1341 
2014-08-26
2014-05-310.310.440.1341 
2014-05-22
2014-04-300.20.330.1365 
2014-05-22
2014-02-280.20.330.1365 
2014-02-27
2014-01-311.011.240.2322 
2014-02-27
2013-11-301.011.240.2322 
2013-11-19
2013-10-310.120.180.0650 
2013-11-19
2013-08-310.120.180.0650 
2013-08-20
2013-07-310.120.320.2166 
2013-08-20
2013-05-310.120.320.2166 
2013-05-21
2013-04-300.250.360.1144 
2013-03-01
2013-02-281.541.640.1
2013-03-01
2013-01-311.541.640.1
2013-02-28
2012-11-301.541.640.1
2012-11-20
2012-10-310.120.03-0.0975 
2012-11-20
2012-08-310.120.03-0.0975 
2012-08-21
2012-07-310.310.2-0.1135 
2012-08-21
2012-05-310.310.2-0.1135 
2012-05-22
2012-04-300.590.720.1322 
2012-04-14
2012-02-292.162.470.3114 
2012-04-14
2012-01-312.162.470.3114 
2011-12-13
2011-11-300.510.47-0.04
2011-12-13
2011-10-310.510.47-0.04
2011-09-13
2011-08-310.530.47-0.0611 
2011-09-13
2011-07-310.530.47-0.0611 
2011-06-14
2011-05-310.330.350.02
2011-06-14
2011-04-300.330.350.02
2011-03-24
2011-02-281.851.980.13
2011-03-24
2011-01-311.851.980.13
2010-12-14
2010-11-300.610.54-0.0711 
2010-12-14
2010-10-310.610.54-0.0711 
2010-09-14
2010-08-310.440.60.1636 
2010-09-14
2010-07-310.440.60.1636 
2010-06-15
2010-05-310.50.36-0.1428 
2010-06-15
2010-04-300.50.36-0.1428 
2010-03-25
2010-02-281.791.820.03
2010-03-25
2010-01-311.791.820.03
2009-12-15
2009-11-300.440.530.0920 
2009-12-15
2009-10-310.440.530.0920 
2009-09-15
2009-08-310.420.37-0.0511 
2009-09-15
2009-07-310.420.37-0.0511 
2009-06-16
2009-05-310.340.420.0823 
2009-06-16
2009-04-300.340.420.0823 
2009-03-26
2009-02-281.41.610.2115 
2009-03-26
2009-01-311.41.610.2115 
2008-12-16
2008-11-300.240.350.1145 
2008-12-16
2008-10-310.240.350.1145 
2008-09-16
2008-08-310.570.48-0.0915 
2008-09-16
2008-07-310.570.48-0.0915 
2008-06-17
2008-05-310.370.430.0616 
2008-06-17
2008-04-300.370.430.0616 
2008-04-02
2008-02-291.651.710.06
2008-04-02
2008-01-311.651.710.06
2007-12-18
2007-11-300.410.530.1229 
2007-12-18
2007-10-310.410.530.1229 
2007-09-18
2007-08-310.440.550.1125 
2007-09-18
2007-07-310.440.550.1125 
2007-06-19
2007-05-310.490.39-0.120 
2007-06-19
2007-04-300.490.39-0.120 
2007-04-04
2007-02-281.521.550.03
2007-04-04
2007-01-311.521.550.03
2006-12-12
2006-11-300.350.31-0.0411 
2006-12-12
2006-10-310.350.31-0.0411 
2006-09-12
2006-08-310.440.470.03
2006-09-12
2006-07-310.440.470.03
2006-06-13
2006-05-310.360.470.1130 
2006-06-13
2006-04-300.360.470.1130 
2006-03-30
2006-02-281.291.290.0
2006-03-30
2006-01-311.291.290.0
2005-12-13
2005-11-300.30.28-0.02
2005-12-13
2005-10-310.30.28-0.02
2005-09-13
2005-08-310.380.37-0.01
2005-09-13
2005-07-310.380.37-0.01
2005-06-14
2005-05-310.20.340.1470 
2005-06-14
2005-04-300.20.340.1470 
2005-04-01
2005-02-281.031.030.0
2005-04-01
2005-01-311.031.030.0
2004-12-15
2004-11-300.30.30.0
2004-12-15
2004-10-310.30.30.0
2004-09-15
2004-08-310.340.350.01
2004-09-15
2004-07-310.340.350.01
2004-06-16
2004-05-310.220.230.01
2004-06-16
2004-04-300.220.230.01
2004-03-31
2004-02-290.930.950.02
2004-03-31
2004-01-310.930.950.02
2003-12-17
2003-11-300.240.250.01
2003-12-17
2003-10-310.240.250.01
2003-09-17
2003-08-310.280.280.0
2003-09-17
2003-07-310.280.280.0
2003-06-18
2003-05-310.140.140.0
2003-06-18
2003-04-300.140.140.0
2003-04-01
2003-02-280.750.770.02
2003-04-01
2003-01-310.750.770.02
2002-12-17
2002-11-300.170.170.0
2002-12-17
2002-10-310.170.170.0
2002-09-17
2002-08-310.120.130.01
2002-09-17
2002-07-310.120.130.01
2002-06-18
2002-05-310.140.150.01
2002-06-18
2002-04-300.140.150.01
2002-04-02
2002-02-280.710.720.01
2002-04-02
2002-01-310.710.720.01
2001-12-18
2001-11-300.160.160.0
2001-12-18
2001-10-310.160.160.0
2001-09-18
2001-08-310.170.170.0
2001-09-18
2001-07-310.170.170.0
2001-06-19
2001-05-310.10.120.0220 
2001-06-19
2001-04-300.10.120.0220 
2001-04-03
2001-02-280.370.430.0616 
2001-04-03
2001-01-310.370.430.0616 
2000-12-12
2000-11-300.120.120.0
2000-12-12
2000-10-310.120.120.0
2000-09-12
2000-08-310.150.160.01
2000-09-12
2000-07-310.150.160.01
2000-06-13
2000-05-310.150.150.0
2000-06-13
2000-04-300.150.150.0
2000-03-28
2000-02-290.330.350.02
2000-03-28
2000-01-310.330.350.02
1999-12-14
1999-11-300.170.16-0.01
1999-12-14
1999-10-310.170.16-0.01
1999-09-14
1999-08-310.120.120.0
1999-09-14
1999-07-310.120.120.0
1999-06-15
1999-05-310.090.10.0111 
1999-06-15
1999-04-300.090.10.0111 
1999-03-30
1999-02-280.220.230.01
1999-03-30
1999-01-310.220.230.01
1998-12-15
1998-11-300.110.120.01
1998-12-15
1998-10-310.110.120.01
1998-09-15
1998-08-310.090.090.0
1998-09-15
1998-07-310.090.090.0
1998-06-16
1998-05-310.030.040.0133 
1998-06-16
1998-04-300.030.040.0133 
1998-04-02
1998-02-280.140.140.0
1998-04-02
1998-01-310.140.140.0
1997-12-16
1997-11-300.060.060.0
1997-12-16
1997-10-310.060.060.0
1997-09-16
1997-07-3100.020.02
1997-06-18
1997-05-31-0.01-0.010.0
1997-04-09
1997-02-2800.020.02
null
nullnullnullnull
1996-09-18
1996-08-310.010.010.0
null
nullnullnullnull
1996-04-16
1996-02-290.050.050.0

About Best Buy Earnings Estimate

The earnings estimate module is a useful tool to check what professional financial analysts are assuming about the future of Best Buy earnings. We show available consensus EPS estimates for the upcoming years and quarters. Investors can also examine how these consensus opinions have evolved historically. We show current Best Buy estimates, future projections, as well as estimates 1, 2, and three years ago. Investors can search for a specific entity to conduct investment planning and build diversified portfolios. Please note, earnings estimates provided by Macroaxis are the average expectations of expert analysts that we track. If a given stock such as Best Buy fails to match professional earnings estimates, it usually performs purely. Wall Street refers to that as a 'negative surprise.' If a company 'beats' future estimates, it's usually called an 'upside surprise.'
Please read more on our stock advisor page.
Last ReportedProjected for Next Year
Retained Earnings2.7 B2.5 B
Retained Earnings Total Equity2.2 B1.9 B
Earnings Yield 0.08  0.04 
Price Earnings Ratio 13.28  26.02 
Price Earnings To Growth Ratio(1.37)(0.39)

Pair Trading with Best Buy

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Best Buy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Best Buy will appreciate offsetting losses from the drop in the long position's value.

Moving against Best Stock

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The ability to find closely correlated positions to Best Buy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Best Buy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Best Buy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Best Buy Co to buy it.
The correlation of Best Buy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Best Buy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Best Buy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Best Buy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Best Buy offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Best Buy's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Best Buy Co Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Best Buy Co Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Best Buy Co. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics.
Note that the Best Buy information on this page should be used as a complementary analysis to other Best Buy's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.

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When running Best Buy's price analysis, check to measure Best Buy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Best Buy is operating at the current time. Most of Best Buy's value examination focuses on studying past and present price action to predict the probability of Best Buy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Best Buy's price. Additionally, you may evaluate how the addition of Best Buy to your portfolios can decrease your overall portfolio volatility.
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Is Best Buy's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Best Buy. If investors know Best will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Best Buy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.05)
Dividend Share
3.68
Earnings Share
5.68
Revenue Per Share
199.596
Quarterly Revenue Growth
(0.01)
The market value of Best Buy is measured differently than its book value, which is the value of Best that is recorded on the company's balance sheet. Investors also form their own opinion of Best Buy's value that differs from its market value or its book value, called intrinsic value, which is Best Buy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Best Buy's market value can be influenced by many factors that don't directly affect Best Buy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Best Buy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Best Buy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Best Buy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.