Best Buy Sees FY24 Adj. EPS $5.75-$6.20 vs $6.13 Est., Revenue $41.3B-$42.6B vs $42.37B Est.
Portfolio Pulse from Benzinga Newsdesk
Best Buy forecasts its adjusted earnings per share (EPS) for fiscal year 2024 to be in the range of $5.75 to $6.20, compared to the estimated $6.13. The company also projects its revenue to be between $41.3 billion and $42.6 billion, versus the estimated $42.37 billion.
February 29, 2024 | 12:02 pm
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NEGATIVE IMPACT
Best Buy forecasts a lower adjusted EPS for FY24 than the estimated, and a slightly lower revenue range compared to expectations.
Best Buy's forecasted adjusted EPS and revenue for FY24 are both below the analysts' estimates, which could lead to negative investor sentiment and potentially lower the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100