Best Buy (BBY) Expected to Announce Quarterly Earnings on Tuesday

Best Buy (NYSE:BBY) will likely be issuing its Q4 2026 results before the market opens on Tuesday, March 3rd. Analysts expect the company to announce earnings of $2.50 per share and revenue of $13.9569 billion for the quarter. Parties can check the company’s upcoming Q4 2026 earning summary page for the latest details on the call scheduled for Tuesday, March 3, 2026 at 8:00 AM ET.

Best Buy (NYSE:BBY) last announced its quarterly earnings results on Tuesday, November 25th. The technology retailer reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.09. The firm had revenue of $9.67 billion during the quarter, compared to analyst estimates of $9.57 billion. Best Buy had a return on equity of 50.02% and a net margin of 1.54%.Best Buy’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.26 EPS. On average, analysts expect Best Buy to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Best Buy Stock Down 2.8%

Shares of NYSE BBY opened at $62.66 on Tuesday. The firm has a market cap of $13.13 billion, a price-to-earnings ratio of 20.75, a price-to-earnings-growth ratio of 1.54 and a beta of 1.44. The company’s 50-day simple moving average is $67.85 and its 200-day simple moving average is $73.23. The company has a quick ratio of 0.26, a current ratio of 1.05 and a debt-to-equity ratio of 0.44. Best Buy has a 52-week low of $54.99 and a 52-week high of $91.20.

Analyst Upgrades and Downgrades

BBY has been the topic of several recent research reports. UBS Group raised their target price on shares of Best Buy from $93.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday, November 26th. Piper Sandler reduced their price objective on Best Buy from $76.00 to $71.00 and set a “neutral” rating on the stock in a research report on Monday. The Goldman Sachs Group lowered their price objective on Best Buy from $95.00 to $93.00 and set a “buy” rating on the stock in a research note on Wednesday, November 26th. Daiwa Securities Group raised their target price on Best Buy from $76.00 to $80.00 and gave the stock a “neutral” rating in a research note on Friday, November 28th. Finally, Loop Capital boosted their price target on shares of Best Buy from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Tuesday, November 25th. Seven equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $80.05.

Institutional Trading of Best Buy

Several hedge funds have recently added to or reduced their stakes in the company. Invesco Ltd. lifted its holdings in Best Buy by 6.1% during the 4th quarter. Invesco Ltd. now owns 4,732,080 shares of the technology retailer’s stock worth $316,718,000 after buying an additional 271,988 shares during the last quarter. Corient Private Wealth LLC lifted its stake in Best Buy by 686.7% during the fourth quarter. Corient Private Wealth LLC now owns 139,358 shares of the technology retailer’s stock worth $9,327,000 after purchasing an additional 121,643 shares during the last quarter. Alberta Investment Management Corp boosted its holdings in Best Buy by 124.6% in the fourth quarter. Alberta Investment Management Corp now owns 65,800 shares of the technology retailer’s stock valued at $4,404,000 after purchasing an additional 36,500 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its stake in Best Buy by 40.8% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 116,449 shares of the technology retailer’s stock valued at $7,794,000 after purchasing an additional 33,766 shares during the last quarter. Finally, Vident Advisory LLC raised its holdings in Best Buy by 30.0% during the fourth quarter. Vident Advisory LLC now owns 43,098 shares of the technology retailer’s stock worth $2,885,000 after purchasing an additional 9,944 shares in the last quarter. Institutional investors and hedge funds own 80.96% of the company’s stock.

About Best Buy

Best Buy Co, Inc is a leading North American consumer electronics retailer that sells a broad range of products including computers, mobile phones, televisions and home theater systems, major appliances, smart-home devices, gaming hardware and software, wearables and related accessories. The company operates through a mix of large-format stores, smaller specialty locations and an e-commerce platform, offering national and private-brand merchandise from major consumer-technology manufacturers as well as third-party sellers.

Beyond product retailing, Best Buy provides a suite of services aimed at installation, repair and ongoing technical support.