Best Buy (BBY) Projected to Post Earnings on Thursday

Key Points

• Best Buy is expected to report Q2 fiscal 2027 results before the market opens on August 27. Analysts project earnings of $1.37 per share and revenue of $9.56 billion, while full-year EPS guidance stands at $6.30–$6.60.
• The retailer’s previous quarter exceeded expectations, with EPS of $1.28 versus $1.23 expected and revenue rising 1.9% year over year to $8.94 billion. Shares have gained 2.4% and recently opened at $89.33, near their 52-week high.
• Analyst sentiment remains cautious, with a consensus “Hold” rating and an average price target of $82.70. Best Buy offers a 4.3% dividend yield, but insiders have sold more than $77 million in shares over the past three months.

Best Buy (NYSE:BBY - Get Free Report) will likely be posting its Q2 2027 results before the market opens on Thursday, August 27th. Analysts expect Best Buy to announce earnings of $1.37 per share and revenue of $9.5648 billion for the quarter. Best Buy has set its FY 2027 guidance at 6.300-6.600 EPS. Interested persons can check the company's upcoming Q2 2027 earning report page for the latest details on the call scheduled for Thursday, August 27, 2026 at 8:00 AM ET.

Best Buy (NYSE:BBY - Get Free Report) last posted its quarterly earnings results on Thursday, May 28th. The technology retailer reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.05. Best Buy had a net margin of 2.73% and a return on equity of 48.70%. The business had revenue of $8.94 billion for the quarter, compared to analyst estimates of $8.82 billion. During the same quarter last year, the business posted $1.15 EPS. The firm's revenue for the quarter was up 1.9% on a year-over-year basis. On average, analysts expect Best Buy to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Best Buy Stock Up 2.4%

Shares of BBY opened at $89.33 on Thursday. Best Buy has a one year low of $55.10 and a one year high of $91.26. The company has a market cap of $18.83 billion, a P/E ratio of 16.54, a P/E/G ratio of 2.51 and a beta of 1.29. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.12 and a quick ratio of 0.40. The firm has a 50 day simple moving average of $81.84 and a two-hundred day simple moving average of $70.47.

Best Buy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Thursday, June 18th were paid a $0.96 dividend. The ex-dividend date was Thursday, June 18th. This represents a $3.84 annualized dividend and a dividend yield of 4.3%. Best Buy's dividend payout ratio (DPR) is presently 71.11%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on BBY shares. The Goldman Sachs Group boosted their price target on Best Buy from $59.00 to $62.00 and gave the stock a "sell" rating in a report on Friday, May 29th. Evercore boosted their target price on Best Buy from $65.00 to $85.00 in a research note on Friday, May 29th. Jefferies Financial Group downgraded shares of Best Buy from a "buy" rating to a "hold" rating and reduced their price target for the company from $89.00 to $85.00 in a research note on Wednesday, August 5th. Wells Fargo & Company upped their price objective on shares of Best Buy from $65.00 to $85.00 and gave the stock an "equal weight" rating in a research report on Tuesday, August 11th. Finally, Bank of America initiated coverage on shares of Best Buy in a research report on Monday, August 3rd. They issued an "underperform" rating and a $80.00 target price on the stock. Five analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Best Buy currently has an average rating of "Hold" and an average target price of $82.70.

Insider Transactions at Best Buy

In related news, CAO Mathew Watson sold 1,784 shares of the firm's stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $73.80, for a total value of $131,659.20. Following the completion of the transaction, the chief accounting officer owned 21,630 shares in the company, valued at $1,596,294. This trade represents a 7.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Richard M. Schulze sold 224,705 shares of Best Buy stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $78.10, for a total transaction of $17,549,460.50. Following the sale, the chairman owned 10,430,936 shares in the company, valued at approximately $814,656,101.60. This represents a 2.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,002,134 shares of company stock worth $77,283,527 over the last three months. Insiders own 0.50% of the company's stock.

Hedge Funds Weigh In On Best Buy

Several large investors have recently modified their holdings of the business. Invesco Ltd. lifted its holdings in Best Buy by 6.1% during the 4th quarter. Invesco Ltd. now owns 4,732,080 shares of the technology retailer's stock worth $316,718,000 after buying an additional 271,988 shares during the period. Corient Private Wealth LLC increased its stake in shares of Best Buy by 686.7% in the fourth quarter. Corient Private Wealth LLC now owns 139,358 shares of the technology retailer's stock valued at $9,327,000 after buying an additional 121,643 shares during the period. Alberta Investment Management Corp increased its stake in shares of Best Buy by 124.6% in the fourth quarter. Alberta Investment Management Corp now owns 65,800 shares of the technology retailer's stock valued at $4,404,000 after buying an additional 36,500 shares during the period. Mercer Global Advisors Inc. ADV raised its position in shares of Best Buy by 40.8% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 116,449 shares of the technology retailer's stock worth $7,794,000 after acquiring an additional 33,766 shares during the last quarter. Finally, Vident Advisory LLC raised its position in shares of Best Buy by 30.0% during the fourth quarter. Vident Advisory LLC now owns 43,098 shares of the technology retailer's stock worth $2,885,000 after acquiring an additional 9,944 shares during the last quarter. Institutional investors own 80.96% of the company's stock.

Best Buy Company Profile

Best Buy Co, Inc is a leading North American consumer electronics retailer that sells a broad range of products including computers, mobile phones, televisions and home theater systems, major appliances, smart-home devices, gaming hardware and software, wearables and related accessories. The company operates through a mix of large-format stores, smaller specialty locations and an e-commerce platform, offering national and private-brand merchandise from major consumer-technology manufacturers as well as third-party sellers.

Beyond product retailing, Best Buy provides a suite of services aimed at installation, repair and ongoing technical support.

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