|Bid||71.65 x 800|
|Ask||71.68 x 1000|
|Day's Range||69.58 - 71.81|
|52 Week Range||52.92 - 84.37|
|Beta (3Y Monthly)||0.38|
|PE Ratio (TTM)||19.89|
|Earnings Date||Nov 14, 2018 - Nov 19, 2018|
|Forward Dividend & Yield||1.80 (2.49%)|
|1y Target Est||80.37|
With Sears largely out of the picture amid a long-awaited bankruptcy, home improvement retailers such as Home Depot and Lowe's are poised to clean up.
You would think e-commerce and cloud computing giant Amazon.com (AMZN), after 20 years of unfettered growth, would have run out of room to pump up its top line. But the company continues to choose new opportunities. Amazon is willing to try its hand at almost any sort of business, does well at the bulk of them - and threatens to destroy dozens of other companies with its success. The latest foray into unfamiliar territory? The June acquisition of PillPack turns Amazon into a mail-order pharmacy, with a twist. PillPack packs all pills it dispenses into individual bags, each with a unique time and date to be consumed by the customer. That's not Amazon's first venture outside its space. Amazon's also a grocer, a fashion venue, a peddler of handmade crafts and even a video game developer, just to name a few. As a result, Amazon has become at best a headache, at worst a survival threat, for any rival organization in its past. Indeed, in November, we tallied up 32 companies that looked like potential victims of Amazon's never-ending expansion. Today, we're looking at 49 companies Amazon could kill - a few updates of the original list, but also an alarming number of new outfits that have fallen into Amazon's crosshairs - as well as one confirmed kill. SEE ALSO: Millionaires in America: All 50 States Ranked
Additionally, this was an improvement in sentiment as investors who seek to profit from falling equity prices reduced their short positions on September 20. Index (PMI) data, output in the Consumer Services sector is rising.
Do Analysts Expect Best Buy Stock to Gain Momentum? Best Buy’s (BBY) 12-month forward PE multiple has fallen ~11% since its announcement of its results for the second quarter of fiscal 2019 in August. As we discussed earlier, Best Buy delivered impressive fiscal 2019 second-quarter results, but its earnings guidance for the third quarter of fiscal 2019 came up short of analysts’ expectations.
Best Buy’s (BBY) EPS, excluding one-time items, rose 36.7% and 31.9% year-over-year, respectively, in the first and second quarters of fiscal 2019.
Do Analysts Expect Best Buy Stock to Gain Momentum? Best Buy (BBY) has exceeded analysts’ revenue expectations in eight of the past ten quarters. Best Buy’s growth initiatives are helping it deliver improved performances across several categories.
As of October 16, Best Buy (BBY) stock has fallen 8.4% since its announcement of its results for the second quarter of fiscal 2019, which ended on August 4. Best Buy stock has risen 9.3% YTD (year-to-date), outperforming the S&P 500’s 5.1% rise as of October 16. As of October 16, Best Buy stock is rated as a “hold” by 16 out of the 25 analysts (or 64%) covering the consumer electronics retailer.
The analyst expects a full Sears liquidation to add an extra $0.47 to Best Buy's fiscal 2019 earnings per share (EPS), given that 85% of all Sears stores are within a five mile range of a Best Buy location.
Postmates made another major push on Tuesday to shore up its position as a dominant player in the competitive on-demand delivery space.
About 85 percent of Sears' stores are within five miles of a Best Buy store, according to Loop Capital. If Sears liquidates, Best Buy could see an additional 47 cents a share in adjusted annual earnings from the added customers. "We believe Sears' bankruptcy filing is a major positive for Best Buy," Loop's Anthony Chukumba says.
The downfall of Sears may bring a hearty influx of customers to Best Buy and therefore boost its bottom line, according to a report Tuesday by Loop Capital.
Where we were: Sears has been sliding for quite some time, so its bankruptcy is hardly a surprise. Where we’re headed: If a full liquidation comes, Best Buy could see a big benefit, but even if Sears only closes the roughly 200 stores as part of its current plan, it should still help Best Buy’s stock, says Loop Capital. Some may mourn the passing of the former retail behemoth Sears, but such can be the circle of life.
Best Buy (BBY) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
The change stems from a 2005 legislative overhaul of the bankruptcy code that forced companies to find an agreement within seven months on its real-estate leases, or allow landlords to walk away from the agreement. The law intensifies the pressure on Sears and Chairman Eddie Lampert to restructure the company and turn it into a relevant, viable business. Sears did not respond to requests seeking comment.