Zacks Research Has Bearish Estimate for Best Buy Q1 Earnings

Best Buy Co., Inc. (NYSE:BBY) – Zacks Research dropped their Q1 2026 EPS estimates for shares of Best Buy in a report released on Tuesday, March 25th. Zacks Research analyst R. Department now expects that the technology retailer will post earnings of $1.07 per share for the quarter, down from their prior forecast of $1.26. The consensus estimate for Best Buy’s current full-year earnings is $6.18 per share. Zacks Research also issued estimates for Best Buy’s Q2 2026 earnings at $1.33 EPS, Q3 2026 earnings at $1.32 EPS, Q4 2026 earnings at $2.60 EPS, FY2026 earnings at $6.32 EPS, Q1 2027 earnings at $1.20 EPS, Q2 2027 earnings at $1.51 EPS, Q3 2027 earnings at $1.47 EPS, Q4 2027 earnings at $2.84 EPS, FY2027 earnings at $7.03 EPS and FY2028 earnings at $7.37 EPS.

A number of other brokerages have also recently weighed in on BBY. UBS Group set a $105.00 price objective on shares of Best Buy in a research note on Wednesday, March 5th. Citigroup dropped their price target on shares of Best Buy from $105.00 to $93.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. Loop Capital reiterated a “negative” rating on shares of Best Buy in a report on Wednesday, March 5th. Evercore ISI dropped their target price on Best Buy from $95.00 to $80.00 and set an “in-line” rating on the stock in a report on Wednesday, March 5th. Finally, Truist Financial dropped their price objective on Best Buy from $95.00 to $81.00 and set a “hold” rating on the stock in a research note on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Best Buy has an average rating of “Hold” and a consensus price target of $93.50.

Best Buy Stock Up 0.1 %

Shares of Best Buy stock opened at $74.89 on Thursday. Best Buy has a 1-year low of $69.29 and a 1-year high of $103.71. The company has a market capitalization of $15.83 billion, a P/E ratio of 12.80, a PEG ratio of 2.10 and a beta of 1.43. The business’s fifty day moving average price is $82.70 and its two-hundred day moving average price is $88.48. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.00 and a quick ratio of 0.22.

Best Buy (NYSE:BBY) last released its quarterly earnings results on Tuesday, March 4th. The technology retailer reported $2.58 earnings per share for the quarter, beating analysts’ consensus estimates of $2.40 by $0.18. Best Buy had a return on equity of 45.93% and a net margin of 3.01%. The company had revenue of $13.95 billion for the quarter, compared to analysts’ expectations of $13.69 billion. During the same quarter in the previous year, the company posted $2.72 earnings per share.

Institutional Trading of Best Buy

Large investors have recently added to or reduced their stakes in the business. IFP Advisors Inc lifted its stake in shares of Best Buy by 5.2% in the 4th quarter. IFP Advisors Inc now owns 2,538 shares of the technology retailer’s stock valued at $218,000 after purchasing an additional 125 shares during the last quarter. Mariner LLC raised its holdings in Best Buy by 0.3% during the fourth quarter. Mariner LLC now owns 43,215 shares of the technology retailer’s stock valued at $3,708,000 after buying an additional 129 shares in the last quarter. LRI Investments LLC lifted its position in shares of Best Buy by 36.3% in the fourth quarter. LRI Investments LLC now owns 529 shares of the technology retailer’s stock worth $45,000 after buying an additional 141 shares during the last quarter. Rothschild Investment LLC boosted its stake in shares of Best Buy by 19.7% during the 4th quarter. Rothschild Investment LLC now owns 861 shares of the technology retailer’s stock worth $74,000 after acquiring an additional 142 shares in the last quarter. Finally, Independent Advisor Alliance increased its holdings in shares of Best Buy by 5.0% during the 4th quarter. Independent Advisor Alliance now owns 3,002 shares of the technology retailer’s stock valued at $258,000 after acquiring an additional 142 shares during the last quarter. 80.96% of the stock is owned by institutional investors.

Insider Activity at Best Buy

In other Best Buy news, CFO Matthew M. Bilunas sold 51,000 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $74.20, for a total value of $3,784,200.00. Following the completion of the sale, the chief financial officer now owns 55,856 shares in the company, valued at $4,144,515.20. This represents a 47.73 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Mathew Watson sold 3,182 shares of the firm’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $71.29, for a total value of $226,844.78. Following the sale, the chief accounting officer now directly owns 19,218 shares of the company’s stock, valued at $1,370,051.22. This trade represents a 14.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 78,355 shares of company stock valued at $5,767,213. Company insiders own 0.59% of the company’s stock.

Best Buy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, March 25th will be issued a dividend of $0.95 per share. This is an increase from Best Buy’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend is Tuesday, March 25th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 5.07%. Best Buy’s payout ratio is currently 88.99%.

Best Buy Company Profile

Best Buy Co, Inc engages in the retail of technology products in the United States, Canada, and international. Its stores provide computing and mobile phone products, such as desktops, notebooks, and peripherals; mobile phones comprising related mobile network carrier commissions; networking products; tablets covering e-readers; smartwatches; and consumer electronics consisting of digital imaging, health and fitness products, portable audio comprising headphones and portable speakers, and smart home products, as well as home theaters, which includes home theater accessories, soundbars, and televisions.