Close

BTIG Remains Neutral on Best Buy (BBY) Following Solid Q3 Results, Outlook

Go back to BTIG Remains Neutral on Best Buy (BBY) Following Solid Q3 Results, Outlook

Morgan Stanley Raises Price Target on Best Buy (BBY) Following EPS Beat

November 18, 2016 1:16 PM EST

Morgan Stanley reiterated an Equalweight rating on Best Buy (NYSE: BBY), and raised the price target to $43.00 (from $35.00), following the company's 3Q earnings report. BBY reported a $0.15 beat in non-GAAP EPS compared to the Street's ($0.47) estimate.

Analyst Simeon Gutman commented, "Q3... More

Further Share Gains Drive Best Buy (BBY) Results, PT to $47 - UBS

November 18, 2016 8:05 AM EST

UBS analyst Michael Lasser lifted his price target on Best Buy (NYSE: BBY) to $47.00 (from $38.00) but maintained a Neutral rating following Q3 results which showed further share gains.

Lasser commented, "In the face of a declining category, BBY continues to outperform & take share. Its 3Q domestic SSS... More

Best Buy same-store sales beat estimates, shares hit 3-year high

November 17, 2016 7:13 AM EST

By Gayathree Ganesan

(Reuters) - Best Buy Co Inc (NYSE: BBY), the No. 1 U.S. electronics retailer, reported a better-than-expected rise in quarterly profit and same-store sales on Thursday, helped by higher online revenue and strong demand for TVs, home theaters and wearable devices.

The retailer's forecast for full-year adjusted profit also beat analysts' expectations, sending its shares up 7.5 percent to $43.50 in early trading, their highest in three years.

Best Buy, like home-improvement chains Home Depot Inc (NYSE: HD) and Lowe's Inc (NYSE:... More

Best Buy (BBY) Tops Q3 EPS by 15c; Comps Beat Views; Issues Mixed Q4 Outlook

November 17, 2016 7:01 AM EST

(Updated - November 17, 2016 7:02 AM EST)

Best Buy (NYSE: BBY) reported Q3 EPS of $0.62, $0.15 better than the analyst estimate of $0.47. Revenue for the quarter came in at $8.95 billion versus the consensus estimate of $8.85 billion.

Domestic comps rose 1.8 percent, versus a gain of... More