Best Buy (NYSE:BBY) Updates FY 2027 Earnings Guidance

Best Buy (NYSE:BBY) issued an update on its FY 2027 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 6.300-6.600 for the period, compared to the consensus earnings per share estimate of 6.680. The company issued revenue guidance of $41.2 billion-$42.1 billion, compared to the consensus revenue estimate of $42.2 billion.

Best Buy Stock Performance

Shares of NYSE:BBY opened at $67.31 on Thursday. The company has a quick ratio of 0.26, a current ratio of 1.11 and a debt-to-equity ratio of 0.39. Best Buy has a 12-month low of $54.99 and a 12-month high of $84.99. The company’s 50 day moving average price is $66.78 and its two-hundred day moving average price is $72.86. The firm has a market cap of $14.10 billion, a PE ratio of 13.36, a PEG ratio of 1.58 and a beta of 1.46.

Best Buy (NYSE:BBY) last issued its quarterly earnings results on Tuesday, March 3rd. The technology retailer reported $2.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.48 by $0.13. The business had revenue of $13.81 billion during the quarter, compared to analysts’ expectations of $13.96 billion. Best Buy had a return on equity of 49.17% and a net margin of 2.56%.The firm’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period in the previous year, the company posted $2.58 earnings per share. Best Buy has set its FY 2027 guidance at 6.300-6.600 EPS. Equities research analysts predict that Best Buy will post 6.18 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on BBY shares. Morgan Stanley cut their price objective on shares of Best Buy from $76.00 to $72.00 and set an “equal weight” rating for the company in a research report on Wednesday. Truist Financial dropped their target price on shares of Best Buy from $73.00 to $66.00 and set a “hold” rating for the company in a research report on Tuesday. Daiwa Securities Group upped their price target on shares of Best Buy from $76.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday, November 28th. JPMorgan Chase & Co. cut shares of Best Buy from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $99.00 to $76.00 in a research note on Monday, February 2nd. Finally, DA Davidson cut their target price on Best Buy from $90.00 to $85.00 and set a “buy” rating for the company in a research note on Wednesday. Nine analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Best Buy presently has a consensus rating of “Hold” and a consensus price target of $77.15.

Best Buy News Roundup

Here are the key news stories impacting Best Buy this week:

• Positive Sentiment: Q4 earnings beat and stronger profitability — BBY topped EPS expectations and reported meaningful margin gains driven by higher‑margin Ads and marketplace growth, which is the main driver of the post‑earnings rally. BBY Jumps 7% as Q4 Earnings Beat Signals Strong Strategic Execution
• Positive Sentiment: Dividend increase and strategic initiatives highlighted — Management raised the dividend and emphasized digital marketplace expansion, small format stores and AI initiatives, supporting the narrative of shareholder returns plus structural margin upside. Best Buy Earnings Beat Highlights Shift To Higher Margin Digital Model
• Positive Sentiment: Multiple analyst price‑target raises and reaffirmations — Several firms raised PTs (Evercore, BNP Paribas Exane, Evercore) and Guggenheim reaffirmed a buy, reflecting confidence in margin trajectory despite softer sales. Analyst Price Target Coverage
• Neutral Sentiment: Guidance is cautious but may cap downside — Best Buy set FY‑2027 EPS and revenue ranges slightly below consensus; UBS says the outlook provides a cushion versus downside but limits upside surprise potential. Best Buy’s Fiscal 2027 Outlook Offers Cushion Despite Soft Sales, UBS Says
• Neutral Sentiment: Market context and momentum extension — Post‑earnings analyst coverage and broader market moves (geopolitical/oil pressure on retail) are amplifying intraday volatility; some outlets note continued trading strength off the report. Best Buy Stock Is Continuing Its Rally: What’s Happening?
• Negative Sentiment: Top‑line softness and guidance miss risk — Revenue slightly missed estimates and management forecast tepid sales growth as consumers stay value‑focused, which keeps upside limited and raises sensitivity to consumer weakness. Best Buy forecasts annual sales below estimates (Reuters)
• Negative Sentiment: Analyst concern on near‑term demand — Wedbush flags near‑term demand headwinds tied to memory pricing/shortages and other cyclical pressures; some analysts and sell‑side commentary question longer‑term growth catalysts. Best Buy Facing Near-Term Demand Challenges, Wedbush Says
• Negative Sentiment: Bearish / downgrade views remain — A few sell/downgrade pieces argue there’s limited differentiation and insufficient near‑term catalysts, which could weigh on valuation if sales momentum stalls. Best Buy: No Compelling Reason To Own (Rating Downgrade)

Institutional Investors Weigh In On Best Buy

Hedge funds and other institutional investors have recently bought and sold shares of the company. Woodline Partners LP boosted its stake in shares of Best Buy by 40.1% during the first quarter. Woodline Partners LP now owns 16,436 shares of the technology retailer’s stock valued at $1,210,000 after purchasing an additional 4,701 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in Best Buy by 4.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 29,560 shares of the technology retailer’s stock valued at $1,984,000 after buying an additional 1,234 shares during the last quarter. Investment Management Corp of Ontario boosted its position in Best Buy by 127.7% during the 2nd quarter. Investment Management Corp of Ontario now owns 12,997 shares of the technology retailer’s stock worth $872,000 after buying an additional 7,288 shares during the period. Ieq Capital LLC boosted its position in Best Buy by 155.4% during the 2nd quarter. Ieq Capital LLC now owns 160,568 shares of the technology retailer’s stock worth $10,779,000 after buying an additional 97,688 shares during the period. Finally, Alliancebernstein L.P. grew its holdings in Best Buy by 32.0% during the 2nd quarter. Alliancebernstein L.P. now owns 313,584 shares of the technology retailer’s stock worth $21,051,000 after acquiring an additional 76,102 shares during the last quarter. Institutional investors 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.