76.00 +0.05 (0.07%)
After hours: 7:59PM EDT
|Bid||0.00 x 800|
|Ask||0.00 x 1800|
|Day's Range||74.65 - 76.56|
|52 Week Range||50.29 - 79.90|
|PE Ratio (TTM)||23.28|
|Forward Dividend & Yield||1.80 (2.30%)|
|1y Target Est||N/A|
Retail earnings will continue on Thursday with Best Buy and The Gap reporting results as volumes remain light ahead of the holiday weekend in the U.S.
Electronics retailer Best Buy Co. Inc. ( BBY), a company pegged as one of Amazon.com Inc.'s ( AMZN) many victims in the brick-and-mortar space, has seen pressure lighten up on the announcement of a new deal with the online shopping behemoth. In mid-April, Best Buy announced a partnership with Bezos' "everything store" in which the company became the exclusive brick-and-mortar sales channel for a new line of TVs equipped with Amazon's Fire TV streaming video capabilities and the artificial intelligence (AI)-powered Alexa voice-assistant technology.
Best Buy (BBY) will report earnings tomorrow morning, which has us wondering whether it will beat expectations or disappoint. Jefferies' Daniel Binder isn't what you'd call a bull—he reiterated a Hold rating on Best Buy—but still thinks that it could deliver a strong first quarter.
Consumer durables retailer Best Buy Co., Inc. ( BBY) releases its quarterly results before the opening bell on Thursday, May 24, and has a favorable track record when it comes to earnings. The retailer of refrigerators and televisions down in size to handheld devices and accessories has seen positive reactions to earnings for almost five years in a row. Analysts expect Best Buy to post earnings per share of 74 cents to 80 cents when it reports results on Thursday.
The big selling point of Gamers Club Unlocked was the discounts: For a $30 fee every two years, the program offered 20 percent off of new games and preorders, as well as smaller discounts for pre-owned games.
Hormel Foods (HRL) is scheduled to announce its second-quarter results on May 24 before the market opens. The revenue is expected to grow 9.1% YoY (year-over-year) to $2.4 billion—compared to $2.1 billion in the second quarter of 2017. The EPS (earnings per share) is expected to rise 15.4% to $0.45 from the EPS of $0.39 in the second quarter of 2017.
As of May 21, Best Buy (BBY) stock was up 14.4% on a YTD (year-to-date) basis, ahead of the S&P 500 Index, which has risen 2.2% YTD. Best Buy delivered impressive results in the fourth quarter of fiscal 2018, which ended on February 3, 2018. Best Buy is scheduled to announce its results for the first quarter of fiscal 2019, which ended May 5, on May 24.
Best Buy (BBY) makes extensive investments to upgrade operations, with a special focus on developing omni-channel capabilities and strengthening partnership with vendors.
Best Buy (BBY) exceeded analysts’ earnings expectations in seven of the past eight quarters and was in line with estimates in one quarter. For the first quarter of fiscal 2019, which ended on May 5, analysts expect Best Buy’s adjusted EPS (earnings per share) to rise 23.3% on a year-over-year basis to $0.74. Best Buy’s adjusted EPS of $2.42 in the fourth quarter of fiscal 2018 exceeded analysts’ expectation of $2.04.
Yahoo Finance's Alexis Christoforous and Jared Blikre break down the latest market action.