For its fourth fiscal quarter (ending January 31), Best Buy Co Inc (NYSE: BBY) has reported a -5% decline in E.P.S. from $2.24 a year ago to $2.13 in the current quarter. This performance was $-0.37 short of the consensus estimate of $2.50. E.P.S. were $5.70 for the latest four quarters through January 31 versus $6.31 for the same period a year ago — a decline of -10%.
Recent Price Action
Best Buy Co Inc (NYSE: BBY) stock closed at $80.88 on 2/29/24 after an increase of 1.5%. Moreover, trading volume in this advance was exceptionally high at 335% of normal. The stock has risen 9.1% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
BBY is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Best Buy has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Best Buy has a slightly negative Power Rating of 37 and a slightly negative Appreciation Score of 37, triggering the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
Be the first to comment