Research Analysts Offer Predictions for Best Buy Q1 Earnings

Best Buy Co., Inc. (NYSE:BBY) – Stock analysts at Zacks Research decreased their Q1 2026 earnings estimates for Best Buy in a research report issued to clients and investors on Tuesday, March 25th. Zacks Research analyst R. Department now anticipates that the technology retailer will earn $1.07 per share for the quarter, down from their prior estimate 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.

BBY has been the subject of a number of other reports. Piper Sandler reduced their price objective on shares of Best Buy from $102.00 to $92.00 and set an “overweight” rating for the company in a report on Wednesday, March 5th. Jefferies Financial Group cut their price target on shares of Best Buy from $106.00 to $92.00 and set a “buy” rating for the company in a research note on Tuesday, March 4th. KeyCorp reiterated a “sector weight” rating on shares of Best Buy in a research note on Wednesday, March 5th. Telsey Advisory Group cut their target price on Best Buy from $110.00 to $100.00 and set an “outperform” rating for the company in a research report on Wednesday, March 5th. Finally, Barclays lowered their price target on Best Buy from $95.00 to $89.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 9th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Best Buy has a consensus rating of “Hold” and a consensus target price of $93.50.

Best Buy Stock Up 0.2 %

Shares of BBY stock opened at $74.78 on Thursday. The stock has a market cap of $15.81 billion, a P/E ratio of 12.78, a price-to-earnings-growth ratio of 2.10 and a beta of 1.43. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.00 and a quick ratio of 0.22. The stock has a fifty day moving average price of $82.84 and a 200 day moving average price of $88.58. Best Buy has a one year low of $69.29 and a one year high of $103.71.

Best Buy (NYSE:BBY) last announced its quarterly earnings data on Tuesday, March 4th. The technology retailer reported $2.58 EPS for the quarter, topping analysts’ consensus estimates of $2.40 by $0.18. The company had revenue of $13.95 billion during the quarter, compared to the consensus estimate of $13.69 billion. Best Buy had a return on equity of 45.93% and a net margin of 3.01%. During the same quarter last year, the company earned $2.72 EPS.

Institutional Investors Weigh In On Best Buy

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Daiwa Securities Group Inc. grew its position in shares of Best Buy by 16.6% during the 3rd quarter. Daiwa Securities Group Inc. now owns 24,720 shares of the technology retailer’s stock worth $2,554,000 after buying an additional 3,511 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Best Buy by 5.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 152,985 shares of the technology retailer’s stock worth $15,803,000 after acquiring an additional 7,430 shares during the last quarter. Quantbot Technologies LP acquired a new position in Best Buy during the third quarter valued at approximately $1,550,000. Brooklyn Investment Group acquired a new stake in Best Buy in the third quarter worth $44,000. Finally, Avestar Capital LLC bought a new position in shares of Best Buy during the third quarter worth $222,000. Institutional investors own 80.96% of the company’s stock.

Insider Buying and Selling

In related news, CAO Mathew Watson sold 2,951 shares of the business’s stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $72.65, for a total transaction of $214,390.15. Following the completion of the sale, the chief accounting officer now directly owns 21,371 shares of the company’s stock, valued at $1,552,603.15. The trade was a 12.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, 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 transaction of $3,784,200.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 78,355 shares of company stock worth $5,767,213 over the last three months. 0.59% of the stock is currently owned by company insiders.

Best Buy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, March 25th will be paid a $0.95 dividend. This is a boost from Best Buy’s previous quarterly dividend of $0.94. This represents a $3.80 annualized dividend and a dividend yield of 5.08%. The ex-dividend date of this dividend is Tuesday, March 25th. Best Buy’s dividend payout ratio (DPR) is 88.99%.

About Best Buy

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.