Best Buy Co., Inc. (BBY) Recovers Post-Earnings Losses
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Goldman Sachs Comments on Best Buy's (BBY) Q1
May 23, 2014 11:46 AM EDTGoldman Sachs maintained a Neutral rating on Best Buy (NYSE: BBY) and increased its price target slightly to $29.00 (from $28.00). The change follows Q1 results.
Analyst Matthew J. Fassler said, "BBY continues to manage its cost structure aggressively, and to upgrade and enhance its... More
Best Buy (BBY) Bullish Stance Reiterated at Jefferies Post Q1
May 23, 2014 7:18 AM EDTJefferies analyst Daniel Binder reiterated a Buy rating and $38 price target on Best Buy (NYSE: BBY) following Q1 results saying the company is executing against tough industry headwinds.
Binder commented, "EPS beat welcomed, especially this earnings season, but shares likely range bound... More
Best Buy (BBY) Momentum Building Into Q4 - BofA/Merrill Lynch
May 22, 2014 4:03 PM EDTBofA/Merrill Lynch analyst Denise Chai reiterated a Buy rating and $36 price target on Best Buy (NYSE: BBY) following the Q1 EPS beat. The firm said momentum is building into Q4.
Chai called Q1 "another quarter of strong execution and cost reductions ($860mn since 1Q13) and... More
Best Buy Co., Inc. (BBY) Tops Q1 EPS by 13c; Issues Update
May 22, 2014 7:02 AM EDTBest Buy Co., Inc. (NYSE: BBY) reported Q1 EPS of $0.33, $0.13 better than the analyst estimate of $0.20. Revenue for the quarter came in at $9.04 billion versus the consensus estimate of $9.2 billion.
Comps fell 5.8 percent.
Domestic Segment First Quarter Results
Domestic Revenue
Domestic revenue of $7.78 billion declined 2.1% versus last year. This decline was primarily driven by (1) a comparable sales decline of 1.3%; and (2) a revenue decline of $63 million, or 80 basis points, due to the less favorable ongoing economics of the new credit card agreement. These declines were partially offset by $16... More
