Best Buy Reports First Quarter Results

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Best Buy (BBY) PT Lowered to $88 at Telsey

May 24, 2022 3:58 PM EDT

Telsey analyst Jospeh Feldman lowered the price target on Best Buy (NYSE: BBY) to $88.00 (from $90.00) while maintaining an Outperform rating following earnings.

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Best Buy (BBY) Misses Q1 EPS by 6c,Revenue Beats, Updates FY Guidance

May 24, 2022 7:02 AM EDT

Best Buy (NYSE: BBY) reported Q1 EPS of $1.57, $0.06 worse than the analyst estimate of $1.63. Revenue for the quarter came in at $10.65 billion versus the consensus estimate of $10.44 billion.

Comparable Sales Decreased 8.0% Compared to 37.2% Growth in Q1... More