Best Buy Co Inc (NYSE: BBY) has reported E.P.S. of $1.14 for its first fiscal quarter (ending April 30) versus $1.11 for the same period a year ago. For the latest four quarters through April 30, E.P.S. were $5.73 versus $5.94 for the same period a year ago.
Recent Price Action
Best Buy Co Inc (NYSE: BBY) stock enjoyed a major increase of 13.4% on 5/30/24. The shares closed at $81.55. Moreover, this advance was accompanied by exceptionally high trading volume at 493% of normal. The stock has risen 12.2% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
BBY’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Best Buy has a current Value Trend Rating of D (Negative). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Best Buy has a neutral Power Rating of 47 and a slightly negative Appreciation Score of 30, with the Negative Value Trend Rating the result.
Rating Review
In light of this new information and very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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