|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||13.11 - 13.64|
|52 Week Range||12.20 - 25.31|
|PE Ratio (TTM)||39.44|
|Earnings Date||May 23, 2018 - May 29, 2018|
|Forward Dividend & Yield||1.52 (11.52%)|
|1y Target Est||15.56|
Consumer electronics retailer Best Buy (BBY) was trading at a forward PE (price-to-earnings) ratio of 15.0x as of April 18. Best Buy’s fiscal 4Q18 revenue as well as earnings were way ahead of analysts’ expectations. Improved consumer sentiment, strong gaming sales, and a favorable competitive landscape resulting from a decline in competitors helped Best Buy end the fiscal year on a strong note.
In the past 12 quarters, Best Buy’s (BBY) earnings have exceeded analysts’ expectations 11 times and were in line with expectations once. In fiscal 4Q18, which ended on February 3, 2018, Best Buy delivered adjusted EPS (earnings per share) of $2.42 and easily surpassed the consensus analyst estimate of $2.04.
Best Buy’s (BBY) gross as well as operating margin declined in fiscal 2018, which ended on February 3, 2018. Best Buy’s gross margin contracted 60 basis points to 23.4% in fiscal 2018. This contraction in the segment’s gross margin was a result of the unfavorable comparison with fiscal 2017, which included a gain of $183 million related to the cathode ray tube settlement.
I don’t dislike Electronic Arts Inc. (NASDAQ:EA) stock. There’s an intriguing long-term case for the video game industry as a whole. EA stock has been an outstanding investment over time. And while Electronic Arts isn’t necessarily cheap, it still has the ability to grow into its valuation over time.
After declining for three consecutive fiscal years, Best Buy’s (BBY) revenue grew in fiscal 2018, which ended on February 3, 2018. Best Buy’s revenue grew 7.0% to $42.2 billion in fiscal 2018. The company’s revenue growth rate in fiscal 2018 marked a notable turnaround compared to a decline of 0.3% and 2.0% in fiscal 2017 and fiscal 2016 revenue, respectively.
The stock price of consumer electronics retailer Best Buy (BBY) rose 3.6% on April 18 following news of a partnership with Amazon (AMZN) to sell televisions that have Amazon’s Fire TV system built in. Beginning this summer, Best Buy plans to launch over ten 4K and HD Fire TV Edition models from Toshiba and Best Buy’s in-house brand Insignia. Through this partnership, Best Buy will become the exclusive retailer to sell Fire TV edition smart TVs.
GameStop’s fiscal 2018 guidance was disappointing and investor concerns heightened as the retailer’s strategic transition isn’t gaining sufficient traction.
Index (PMI) data, output in the Consumer Services sector is rising. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way.
GameStop (GME) has witnessed a significant price decline in the past four weeks, and is seeing negative earnings estimate revisions as well.
GameStop (GME) is going through a rough patch, like a player's Lamborghini in Gran Turismo skidding off the track. Analyst Anthony Chukumba downgraded GameStop to Hold from Buy on Tuesday, and cut his price target by $12, to $14, citing a lack of positive news that could boost the shares.