Best Buy Co Inc reports results for the quarter ended April 30 - Earnings Summary

• Best Buy Co Inc BBY.N reported quarterly adjusted earnings of $1.15​​ per share for the quarter ended April 30, lower than the same quarter last year, when the company reported EPS of $1.20. The mean expectation of twenty two analysts for the quarter was for earnings of $1.09 per share. Wall Street expected results to range from $1.04 to $1.20 per share.

• Revenue fell 0.9% to $8.77 billion from a year ago; analysts expected $8.81 billion.

• Best Buy Co Inc's reported EPS for the quarter was 95 cents​.

• The company reported quarterly net income of $202 million.

• Best Buy Co Inc shares had fallen by 2.8% this quarter and lost 16.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 11.8% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 9 "strong buy" or "buy," 18 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the computer & electronics retailers peer group is "buy."

• Wall Street's median 12-month price target for Best Buy Co Inc is $86.78

This summary was machine generated from LSEG data May 29 at 01:30 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)