Latest Articles
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Best Buy Stock Not Expected To Move Much Following Q1 Earnings
Best B uy (NYSE: BBY), a specialty retailer of consumer electronics, is scheduled to report its fiscal first-quarter results on Tuesday, May 24. We expect the retailer’s stock to likely see little to no movement post fiscal Q1 with revenues...
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Best Buy’s Stock Down 12% In A Month, What’s Next?
After a 12% decline over the last month, at the current price of around $93 per share, we believe Best Buy’s stock (NYSE: BBY), an electronics specialty retailer – could see a rebound. BBY stock has declined from $105 to $93 in the ...
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Will Best Buy’s Stock Rise Following Its Q4 Results?
Best B uy (NYSE: BBY), a specialty retailer of consumer electronics, is scheduled to report its fiscal fourth-quarter results on Thursday, March 3. We expect the retailer’s stock to likely trade higher post Q4 with both revenues and earning...
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Can Best Buy’s Stock Rebound After An 18% Drop?
Best Buy’s stock (NYSE: BBY) has declined by 18% in the last five trading days (one week). In comparison, the broader S&P500 index declined only marginally over the same period. The company’s stock fell despite posting a better-...
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These Stocks Are Better Buying Opportunities Compared To Best Buy
We believe that FedEx Corporation stock (NYSE: FDX), Regeneron Pharmaceuticals stock (NASDAQ: REGN), D.R. Horton Stock (NYSE: DHI), Progressive Corp Stock (NYSE: PGR), and Cigna Corp Stock (NYSE: CI) are currently better valued than Best Buy stoc...
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Is Best Buy’s Stock Attractive At $107?
[Updated: 09/23/21] BBY Stock Update Best B uy (NYSE: BBY) recently released its Q2 report, wherein revenues came in 2% ahead and adjusted earnings per share (EPS) were a whopping 57% above our estimates. The company’s revenues grew a st...
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What To Expect From Best Buy’s Stock Post Q2 Release?
Best B uy (NYSE: BBY), a specialty retailer of consumer electronics, is scheduled to report its fiscal second-quarter results on Tuesday, August 24. We expect the retailer’s stock to likely trade higher post Q2 with both revenues and earnin...
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Forecast Of The Day: Number of U.S. Best Buy Stores
What? Trefis expects the number of Best Buy (NYSE:BB) stores in the U.S. to gradually decline from 1009 in 2020 to about 990 in 2021 and 985 in 2022. Why? The decline is likely to be driven by an increasing pivot towards online sales, which ha...
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What’s Next After a 6% Rise in Best Buy’s Stock?
Best Buy’s stock (NYSE: BBY), a specialty retailer of consumer electronics, home-office products, entertainment software, appliances, and related services, has increased 6% over the last five trading days (one week) and currently stands at ...
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Which Stocks Can Offer Better Returns Compared To Best Buy?
We believe that there are two specialty retail stocks that are currently better valued than Best Buy (NYSE: BBY) . BBY’s current price to operating income ratio (P/EBIT) of 29x is much higher than levels of under 20x for Lithia Motors (LAD)...
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Will the Gains Continue For Best Buy Stock?
Best B uy (NYSE: BBY), a specialty retailer of consumer electronics, home-office products, entertainment software, appliances, and related services, has more than doubled from the March 2020 lows of around $52 (when broader markets made a bottom ...
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Best Buy’s Stock To Rebound After A 12% Drop In Five Days?
Best Buy’s (NYSE: BBY) stock, a specialty retailer of consumer electronics, home-office products, entertainment software, appliances, and related services, has declined by almost 12% over the last five trading days and currently stands at a...
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What To Expect From Best Buy’s Stock Post Q4 Release?
Best B uy (NYSE: BBY), a specialty retailer of consumer electronics, home-office products, entertainment software, appliances, and related services, is scheduled to report its fiscal fourth-quarter results on Thursday, February 25. We expect the ...
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Best Buy’s Stock To Likely Trade Higher Post Fiscal Q3 Earnings
Best Buy (NYSE: BBY) is scheduled to report its fiscal third-quarter results on Tuesday, November 24. We expect the consumer electronics retailer to likely beat the revenue and earnings expectations, driven by a major sales boost from the work fr...
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Best Buy’s Stock Still Attractive At $118?
Best Buy’s (NYSE: BBY) stock is up around 35% to around $118 levels year-to-date, compared to a 9% growth for the broader S&P 500. The retailer’s stock grew despite a 1% decline in revenues in the last 2 quarters. While Best Buy h...
