Best Buy Reports First Quarter Results
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May 31, 2024 5:02 AM EDT
Evercore ISI analyst Greg Melich raised the price target on Best Buy (NYSE: BBY) to $90.00 (from $80.00) while maintaining a Outperform rating.
The analyst comments "Improved May sales (down 2-3%), and the mention of the start of a new AI led laptop cycle popped the stock 13%, back to where it was in March. 1Q comps of -6% underwhelmed, but EPS beat, driven by gross margins. The commentary on May comp trends, the innovation... More
May 30, 2024 3:57 PM EDT
DA Davidson analyst Michael Baker lowered the price target on Best Buy (NYSE: BBY) to $90.00 (from $95.00) while maintaining a Buy rating.
The analyst comments "In a mixed day for retailers, both with respect to results and stock market performance, Best... More
May 30, 2024 7:03 AM EDT
Best Buy (NYSE: BBY) reported Q1 EPS of $1.20, $0.12 better than the analyst estimate of $1.08. Revenue for the quarter came in at $8.85 billion versus the consensus estimate of $8.97 billion.
GUIDANCE:
Best Buy sees FY2025 EPS of $5.75-$6.20, versus the consensus... More
