Best Buy cuts guidance after softer pre-festive sales
Best Buy Co Inc (NYSE:BBY) shares dropped 2% pre-market after the electronics retailer cut guidance because of softer sales in the third quarter. Full-year comparable sales are now guided to decline 2.5% to 3.5%, compared to its previous forecast of a 1.5% to 3.0% drop.
Best Buy (BBY) Q3 Earnings and Revenues Lag Estimates
Best Buy (BBY) came out with quarterly earnings of $1.26 per share, missing the Zacks Consensus Estimate of $1.30 per share. This compares to earnings of $1.29 per share a year ago.
Best Buy's stock slides as ‘softer-than-expected' demand leads to sales, earnings miss
Macro uncertainty, customers waiting for deals and sales events, and distraction during the run-up to the election led to softer-than-expected demand, according to Best Buy CEO Corie Barry.
Best Buy Earnings Miss on All Fronts. The Stock Tumbles.
The retailer's earnings and sales fell short of consensus estimates.
Best Buy cuts full-year sales forecast due to softer demand for consumer electronics
Best Buy on Tuesday cut its full-year sales forecast. The retailer missed Wall Street's quarterly revenue expectations.
Best Buy cuts annual profit, sales forecasts on tepid holiday demand
Best Buy cut its annual profit and sales forecasts on Tuesday, in a sign that the holiday shopping season would be marked by aggressive discounts and tepid demand for pricey electronics such as televisions and home theater systems.
How To Earn $500 A Month From Best Buy Stock Ahead Of Q3 Earnings
Best Buy Co., Inc. BBY will release earnings results for its third quarter, before the opening bell on Tuesday, Nov. 26.
Best Buy's Growth Hinges On Computing And Services As Q3 Approaches: Analyst
BofA Securities analyst Robert F. Ohmes maintained an Underperform rating on Best Buy Co, Inc BBY with a price target of $80.
Ahead of Best Buy (BBY) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics
Beyond analysts' top -and-bottom-line estimates for Best Buy (BBY), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended October 2024.
Best Buy: Q3 Outlook Remains Weak
Best Buy Co., Inc. is soon reporting the company's Q3 results, likely having relatively weak earnings due to persisting consumer weakness. Over the long term, Best Buy's operating model is challenged by ecommerce competition, making for a weak growth outlook despite the company's good ability to maintain earnings power. BBY stock is valued for slightly more growth than I anticipate, marking an estimated -14% downside.
Buy 7 November Barron's Better Bet DiviDogs Of 23 & Watch 3 More To Be 'Safer'
Long-term bond yields continue to rise. But investors looking for income can still find plenty of attractive opportunities with dividend-paying stocks that have healthy yields. “23 stocks pay huge dividends. They should be a better bet than treasuries.” —Barron's Weekly. In an interview with Barron's, Steven Wieting, strategist at Citi Wealth, stated a growing dividend is a shareholder benefit and a hallmark of strong balance-sheets. “Nobody can fake a dividend,” he-said.
Best Buy (BBY) Loses -9.37% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner
The heavy selling pressure might have exhausted for Best Buy (BBY) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
