Alert: New Earnings Report (11/21/23)-Best Buy Co Inc (NYSE: BBY).


Best Buy Co Inc (NYSE: BBY) has reported E.P.S. of $1.21 for its third fiscal quarter (ending October 31) versus $1.23 for the same period a year ago — a decline of -2%. E.P.S. were $5.82 for the latest four quarters through October 31 versus $6.74 for the same period a year ago — a decline of -14%.


Recent Price Action

Best Buy Co Inc (NYSE: BBY) stock declined modestly by -0.7% on 11/21/23. The stock closed at $67.62. The stock has performed in line with the market over the last nine months and has risen 5.9% during the last week.

Current PriceTarget Research Rating

BBY is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

Best Buy has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Best Buy has a neutral Appreciation Score of 48 and a slightly negative Power Rating of 36, triggering the Negative Value Trend Rating.

Rating Review

In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.

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