FY2025 Earnings Estimate for Best Buy Issued By Wedbush

Best Buy Co., Inc. (NYSE:BBY) – Equities research analysts at Wedbush cut their FY2025 earnings per share estimates for Best Buy in a research note issued on Wednesday, November 27th. Wedbush analyst S. Basham now anticipates that the technology retailer will post earnings per share of $6.18 for the year, down from their previous forecast of $6.25. Wedbush has a “Neutral” rating and a $95.00 price objective on the stock. The consensus estimate for Best Buy’s current full-year earnings is $6.18 per share. Wedbush also issued estimates for Best Buy’s Q1 2026 earnings at $1.36 EPS, Q3 2026 earnings at $1.34 EPS, Q4 2026 earnings at $2.57 EPS, FY2026 earnings at $6.56 EPS and FY2027 earnings at $7.41 EPS.

Best Buy (NYSE:BBY) last posted its earnings results on Tuesday, November 26th. The technology retailer reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.04). Best Buy had a return on equity of 45.93% and a net margin of 3.01%. The company had revenue of $9.45 billion during the quarter, compared to analyst estimates of $9.63 billion. During the same quarter last year, the firm posted $1.29 earnings per share. The firm’s revenue for the quarter was down 3.2% compared to the same quarter last year.

Several other equities research analysts also recently issued reports on BBY. Loop Capital lowered their price target on Best Buy from $110.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, November 27th. StockNews.com downgraded Best Buy from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. JPMorgan Chase & Co. increased their price objective on Best Buy from $111.00 to $117.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. UBS Group dropped their target price on shares of Best Buy from $123.00 to $115.00 and set a “buy” rating on the stock in a research report on Wednesday, November 27th. Finally, Bank of America increased their price target on shares of Best Buy from $70.00 to $80.00 and gave the company an “underperform” rating in a report on Friday, August 30th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $101.06.

Best Buy Stock Performance

NYSE:BBY opened at $88.97 on Monday. The firm has a market capitalization of $19.10 billion, a PE ratio of 15.21, a PEG ratio of 2.28 and a beta of 1.44. Best Buy has a 1 year low of $69.29 and a 1 year high of $103.71. The company has a current ratio of 1.00, a quick ratio of 0.22 and a debt-to-equity ratio of 0.37. The firm’s fifty day simple moving average is $93.47 and its 200 day simple moving average is $89.61.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Richardson Financial Services Inc. increased its position in Best Buy by 190.9% in the 2nd quarter. Richardson Financial Services Inc. now owns 320 shares of the technology retailer’s stock valued at $27,000 after acquiring an additional 210 shares in the last quarter. Innealta Capital LLC acquired a new position in Best Buy during the 2nd quarter worth $35,000. Harbor Capital Advisors Inc. bought a new position in Best Buy in the 3rd quarter valued at $40,000. LRI Investments LLC increased its stake in shares of Best Buy by 632.1% in the 3rd quarter. LRI Investments LLC now owns 388 shares of the technology retailer’s stock valued at $40,000 after buying an additional 335 shares during the period. Finally, Whittier Trust Co. raised its position in shares of Best Buy by 53.3% during the second quarter. Whittier Trust Co. now owns 492 shares of the technology retailer’s stock worth $41,000 after acquiring an additional 171 shares during the last quarter. Institutional investors own 80.96% of the company’s stock.

Best Buy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Tuesday, December 17th will be issued a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a dividend yield of 4.23%. The ex-dividend date of this dividend is Tuesday, December 17th. Best Buy’s payout ratio is 64.27%.

Best Buy Company Profile

Best Buy Co, Inc engages in the retail of technology products in the United States, Canada, and international. Its stores provide computing and mobile phone products, such as desktops, notebooks, and peripherals; mobile phones comprising related mobile network carrier commissions; networking products; tablets covering e-readers; smartwatches; and consumer electronics consisting of digital imaging, health and fitness products, portable audio comprising headphones and portable speakers, and smart home products, as well as home theaters, which includes home theater accessories, soundbars, and televisions.