Wedbush Has Negative Forecast for Best Buy FY2025 Earnings

Best Buy Co., Inc. (NYSE:BBY) – Investment analysts at Wedbush dropped their FY2025 earnings per share estimates for shares of Best Buy in a research report issued to clients and investors on Wednesday, November 27th. Wedbush analyst S. Basham now anticipates that the technology retailer will post earnings per share of $6.18 for the year, down from their previous forecast of $6.25. Wedbush currently has a “Neutral” rating and a $95.00 target price on the stock. The consensus estimate for Best Buy’s current full-year earnings is $6.18 per share. Wedbush also issued estimates for Best Buy’s Q1 2026 earnings at $1.36 EPS, Q3 2026 earnings at $1.34 EPS, Q4 2026 earnings at $2.57 EPS, FY2026 earnings at $6.56 EPS and FY2027 earnings at $7.41 EPS.

Best Buy (NYSE:BBY) last announced its quarterly earnings results on Tuesday, November 26th. The technology retailer reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.04). The company had revenue of $9.45 billion during the quarter, compared to the consensus estimate of $9.63 billion. Best Buy had a net margin of 3.01% and a return on equity of 45.93%. The business’s revenue was down 3.2% compared to the same quarter last year. During the same period last year, the company earned $1.29 earnings per share.

Several other brokerages also recently issued reports on BBY. Piper Sandler restated an “overweight” rating and issued a $114.00 price target (up from $100.00) on shares of Best Buy in a report on Friday, August 30th. The Goldman Sachs Group lifted their price target on shares of Best Buy from $95.00 to $116.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. UBS Group lowered their price objective on shares of Best Buy from $123.00 to $115.00 and set a “buy” rating for the company in a research report on Wednesday, November 27th. Barclays boosted their price objective on shares of Best Buy from $81.00 to $95.00 and gave the company an “equal weight” rating in a research report on Friday, August 30th. Finally, DA Davidson reiterated a “buy” rating and set a $117.00 target price on shares of Best Buy in a report on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $101.06.

Best Buy Price Performance

Shares of BBY stock opened at $88.97 on Monday. The firm has a market capitalization of $19.10 billion, a price-to-earnings ratio of 15.21, a price-to-earnings-growth ratio of 2.28 and a beta of 1.44. Best Buy has a 12-month low of $69.29 and a 12-month high of $103.71. The company has a quick ratio of 0.22, a current ratio of 1.00 and a debt-to-equity ratio of 0.37. The firm has a fifty day moving average of $93.47 and a 200-day moving average of $89.61.

Institutional Trading of Best Buy

Several institutional investors and hedge funds have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. lifted its holdings in Best Buy by 4.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,164,953 shares of the technology retailer’s stock valued at $636,840,000 after purchasing an additional 241,988 shares during the last quarter. Geode Capital Management LLC raised its holdings in Best Buy by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 4,852,980 shares of the technology retailer’s stock valued at $499,954,000 after acquiring an additional 120,185 shares during the period. Raymond James & Associates lifted its position in Best Buy by 1.8% during the third quarter. Raymond James & Associates now owns 3,440,215 shares of the technology retailer’s stock worth $355,374,000 after acquiring an additional 62,452 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Best Buy by 8.3% during the second quarter. Dimensional Fund Advisors LP now owns 3,055,743 shares of the technology retailer’s stock worth $257,569,000 after acquiring an additional 235,478 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of Best Buy by 55.7% in the second quarter. Bank of New York Mellon Corp now owns 2,863,291 shares of the technology retailer’s stock valued at $241,347,000 after purchasing an additional 1,024,824 shares during the last quarter. Institutional investors own 80.96% of the company’s stock.

Best Buy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Tuesday, December 17th will be issued a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date is Tuesday, December 17th. Best Buy’s payout ratio is currently 64.27%.

About Best Buy

Best Buy Co, Inc engages in the retail of technology products in the United States, Canada, and international. Its stores provide computing and mobile phone products, such as desktops, notebooks, and peripherals; mobile phones comprising related mobile network carrier commissions; networking products; tablets covering e-readers; smartwatches; and consumer electronics consisting of digital imaging, health and fitness products, portable audio comprising headphones and portable speakers, and smart home products, as well as home theaters, which includes home theater accessories, soundbars, and televisions.