A Preview Of Best Buy Co's Earnings
Portfolio Pulse from Benzinga Insights
Best Buy Co (NYSE:BBY) is expected to release its quarterly earnings report on Tuesday, 2023-11-21, with an estimated EPS of $1.19. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, Best Buy's stock price has shown mixed reactions to past earnings performances, with both increases and decreases in share price following earnings reports. Currently, shares are trading at $68.22, down 13.91% over the last 52 weeks.
November 20, 2023 | 2:00 pm
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NEUTRAL IMPACT
Best Buy Co (BBY) is anticipated to report quarterly earnings with investors focusing on an earnings beat and positive future guidance. The stock has experienced both positive and negative reactions to past earnings, and is currently down year-over-year.
The short-term impact on BBY's stock price will likely hinge on whether the company beats the EPS estimate and provides positive guidance. Historical data shows mixed market reactions to past earnings, suggesting uncertainty in predicting the immediate price movement. The current downward trend in the stock price over the past year may temper investor expectations, leading to a neutral score.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100