Best Buy (BBY) Projected to Announce Quarterly Earnings on Thursday

Best Buy (NYSE:BBY) is expected to announce its Q2 2027 results before the market opens on Thursday, August 27th. Analysts expect the company to announce earnings of $1.39 per share and revenue of $9.5945 billion for the quarter. Best Buy has set its FY 2027 guidance at 6.300-6.600 EPS. Parties are encouraged to explore the company’s upcoming Q2 2027 earning summary page for the latest details on the call scheduled for Thursday, August 27, 2026 at 8:00 AM ET.

Best Buy (NYSE:BBY) last posted its quarterly earnings data on Thursday, May 28th. The technology retailer reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.05. Best Buy had a return on equity of 48.70% and a net margin of 2.73%.The company had revenue of $8.94 billion for the quarter, compared to analyst estimates of $8.82 billion. During the same period in the previous year, the firm earned $1.15 earnings per share. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. On average, analysts expect Best Buy to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Best Buy Stock Performance

NYSE:BBY opened at $85.33 on Wednesday. The company has a market capitalization of $17.98 billion, a PE ratio of 15.80, a P/E/G ratio of 2.51 and a beta of 1.29. The company has a 50 day simple moving average of $82.55 and a two-hundred day simple moving average of $71.03. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.40 and a current ratio of 1.12. Best Buy has a fifty-two week low of $55.10 and a fifty-two week high of $91.26.

Best Buy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Thursday, June 18th were given a $0.96 dividend. The ex-dividend date was Thursday, June 18th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 4.5%. Best Buy’s payout ratio is 71.11%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Telsey Advisory Group upped their price objective on shares of Best Buy from $90.00 to $95.00 and gave the company an “outperform” rating in a research note on Tuesday, August 4th. BNP Paribas Exane lifted their target price on shares of Best Buy from $74.00 to $76.00 and gave the stock a “neutral” rating in a research note on Friday, May 29th. Wedbush restated a “buy” rating on shares of Best Buy in a report on Monday. Evercore upped their price target on shares of Best Buy from $65.00 to $85.00 in a research report on Friday, May 29th. Finally, UBS Group reiterated a “neutral” rating and set a $86.00 price target (up from $85.00) on shares of Best Buy in a report on Friday, May 29th. Six investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $83.10.

Insider Buying and Selling

In other news, CAO Mathew Watson sold 1,784 shares of Best Buy stock in a transaction on Friday, May 29th. The shares were sold at an average price of $73.80, for a total value of $131,659.20. Following the completion of the sale, the chief accounting officer owned 21,630 shares in the company, valued at $1,596,294. The trade was a 7.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Richard M. Schulze sold 500,350 shares of the business’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $76.12, for a total transaction of $38,086,642.00. Following the transaction, the chairman owned 10,930,586 shares in the company, valued at $832,036,206.32. The trade was a 4.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,002,134 shares of company stock worth $77,283,527 over the last 90 days. Company insiders own 0.50% of the company’s stock.

Institutional Investors Weigh In On Best Buy

Large investors have recently bought and sold shares of the stock. UMB Bank n.a. lifted its position in shares of Best Buy by 6.2% in the 4th quarter. UMB Bank n.a. now owns 3,158 shares of the technology retailer’s stock worth $211,000 after purchasing an additional 185 shares during the period. Parallel Advisors LLC boosted its stake in shares of Best Buy by 8.2% during the third quarter. Parallel Advisors LLC now owns 2,677 shares of the technology retailer’s stock valued at $202,000 after purchasing an additional 202 shares in the last quarter. Lido Advisors LLC increased its holdings in Best Buy by 2.7% during the third quarter. Lido Advisors LLC now owns 11,918 shares of the technology retailer’s stock valued at $912,000 after buying an additional 317 shares during the period. Palisade Asset Management LLC purchased a new position in Best Buy during the third quarter valued at approximately $25,000. Finally, Geneos Wealth Management Inc. raised its stake in Best Buy by 30.0% in the second quarter. Geneos Wealth Management Inc. now owns 1,466 shares of the technology retailer’s stock worth $98,000 after buying an additional 338 shares in the last quarter. 80.96% of the stock is currently owned by institutional investors and hedge funds.

Best Buy Company Profile

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.