|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||54.34 - 55.99|
|52 Week Range||41.67 - 63.32|
|PE Ratio (TTM)||14.77|
|Forward Dividend & Yield||1.36 (2.46%)|
|1y Target Est||N/A|
Best Buy‘s announced mixed third quarter results, as its revenue missed market expectations and its earnings per share came in line. The company’s stock declined 4% after the earnings announcement.
Best Buy (NYSE: BBY) has continued to build momentum as it advances from its turnaround phase into a new stage of growth. The consumer electronics chain, which once looked doomed, has completely reversed ...
Wal-Mart (WMT) and Best Buy (BBY) are both trading down on Friday morning, after reporting earnings on Thursday. Morgan Stanley's Simeon Gutman and Joshua Siber take a look at the two retail giants today, keeping an Equal Weight rating on both stocks, although they slightly raised their price target on Wal-Mart. From the note: The market already knows WMT expects 5% EPS growth in F'19 and estimates generally align with this outlook.
Best Buy made a big deal about how the later-than-usual launch of an “iconic” mobile phone was a key reason for missing sales expectations, but analysts aren’t worried.
This represents an increase in short interest as investors who seek to profit from falling equity prices added to their short positions on November 15. Index (PMI) data, output in the Consumer Services sector is rising.
U.S. equities rebounded strongly on Thursday as the House GOP passed its tax-reform proposal and the classic buy-the-dip mentality appeared after a couple of weeks of weakness (especially in small-cap stocks). Treasury bonds were weaker, the dollar climbed, gold was little changed, and oil lost 0.3%.
The two retailers' strong domestic sales gain in the third quarter show they are starting to win in the battle against Amazon with service, price and hard work. Meanwhile Amazon is responding by cutting prices in its marketplace.
Investors were disappointed by Best Buy's fourth-quarter forecast. However, Best Buy stock is starting to look attractive based on its reasonable valuation and the company's meaningful near-term growth opportunities.
With in-line earnings and a miss on revenue and comp-store sales, Best Buy's third quarter doesn't look great. Not-so-good guidance for the holidays didn't help matters.
Stocks that moved substantially or traded heavily Thursday: Time Inc., up $3.55 to $16.20 The New York Times reported that Meredith Corp. will make another offer for the publisher. Wal-Mart Stores Inc., ...
Consumer electronics retailer Best Buy came up short of third-quarter targets and guided below estimates for the holiday period.
For some, today’s results raise concerns about Best Buy’s ability to deliver the growth investors crave. At Loop Capital Markets, Anthony Chukumba, was “impressed: by Best Buy’s results, “particularly given all the noise the company encountered in the quarter.” He reiterated a Buy rating and a $72 price target. ...While Best Buy's F4Q 2017 earnings guidance missed our expectations, we note the several mitigating factors, as well as management's long track record of "underpromising and overdelivering." Meanwhile, Credit Suisse’s Seth Sigman says Best Buy will need to deliver a fourth quarter upside surprise.
Two retail heavyweights reported their third-quarter earnings on Thursday: Walmart delivered the goods and then some, while Best Buy pretty much laid a big fat egg.
Shares of Best Buy (BBY) were down more than 7% in morning trading Thursday, just hours after the company reported its third-quarter earnings results. Here's exactly why the company missed our earnings estimates.
Best Buy Co. Inc. reported lower-than-expected sales for the third quarter, as a delayed launch to Apple's heavily hyped iPhone X left the retailer without a crucial gadget to lure in shoppers. Richfield-based Best Buy (BBY) also tamped down on earnings expectations for the fourth quarter, and the company's stock is off by about 6 percent in morning trading Thursday. MarketWatch has an early report on Best Buy's third-quarter results — you can also read the full announcement from Best Buy .
Anthony Chukumba, Loop Capital, and Ian Winer, Wedbush Securities, debate the bull and bear cases for Best Buy after reporting quarterly earnings.