What is Zacks Research’s Estimate for Best Buy Q1 Earnings?

Best Buy Co., Inc. (NYSE:BBY) – Investment analysts at Zacks Research lowered their Q1 2026 EPS estimates for shares of Best Buy in a research note issued on Tuesday, March 25th. Zacks Research analyst R. Department now forecasts that the technology retailer will earn $1.07 per share for the quarter, down from their prior forecast 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.

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

Other research analysts have also issued reports about the company. Barclays cut their target price on Best Buy from $95.00 to $89.00 and set an “equal weight” rating for the company in a research note on Thursday, January 9th. Jefferies Financial Group dropped their price objective 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. Wells Fargo & Company reduced their price objective on shares of Best Buy from $89.00 to $85.00 and set an “equal weight” rating for the company in a report on Wednesday, March 5th. Truist Financial lowered their target price on shares of Best Buy from $95.00 to $81.00 and set a “hold” rating on the stock in a research note on Wednesday, March 5th. Finally, KeyCorp restated a “sector weight” rating on shares of Best Buy in a research note on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $93.50.

Best Buy Trading Up 0.1 %

Best Buy stock opened at $74.89 on Thursday. Best Buy has a 12 month low of $69.29 and a 12 month high of $103.71. The stock has a market cap of $15.83 billion, a price-to-earnings ratio of 12.80, a price-to-earnings-growth ratio of 2.10 and a beta of 1.43. The business has a 50 day moving average price of $82.70 and a two-hundred day moving average price of $88.48. The company has a quick ratio of 0.22, a current ratio of 1.00 and a debt-to-equity ratio of 0.37.

Institutional Investors Weigh In On Best Buy

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Best Buy by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 22,982,608 shares of the technology retailer’s stock valued at $1,971,908,000 after acquiring an additional 191,161 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Best Buy by 6.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,560,368 shares of the technology retailer’s stock valued at $562,880,000 after purchasing an additional 395,415 shares during the period. Raymond James Financial Inc. bought a new position in shares of Best Buy in the 4th quarter valued at about $514,483,000. Geode Capital Management LLC grew its position in shares of Best Buy by 4.9% during the 4th quarter. Geode Capital Management LLC now owns 5,092,820 shares of the technology retailer’s stock worth $436,210,000 after buying an additional 239,840 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of Best Buy by 13.7% during the fourth quarter. Bank of New York Mellon Corp now owns 3,824,425 shares of the technology retailer’s stock worth $328,136,000 after buying an additional 459,353 shares during the last quarter. Institutional investors own 80.96% of the company’s stock.

Insiders Place Their Bets

In other news, insider Todd G. Hartman sold 4,893 shares of the company’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 $355,476.45. Following the transaction, the insider now directly owns 32,320 shares in the company, valued at approximately $2,348,048. This represents a 13.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 sale, the chief financial officer now directly owns 55,856 shares in the company, valued at $4,144,515.20. This trade represents a 47.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 78,355 shares of company stock valued at $5,767,213. 0.59% of the stock is currently owned by corporate insiders.

Best Buy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, March 25th will be paid a $0.95 dividend. The ex-dividend date of this dividend is Tuesday, March 25th. This represents a $3.80 dividend on an annualized basis and a yield of 5.07%. This is a positive change from Best Buy’s previous quarterly dividend of $0.94. Best Buy’s payout ratio is currently 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.