From NASDAQ:

Best Buy (NYSE: BBY) is set to report its fiscal fourth-quarter results on Feb. 29, with expectations of revenue and earnings missing estimates slightly. Factors include inflation and supply chain disruptions in FY’24, leading to a tough comparison with pandemic-induced growth. For FY’24, revenue is expected at $43.1B-$43.7B and EPS at $6.00-$6.30.

BBY stock has declined 20% in the past 3 years, underperforming the S&P 500. Forecast indicates a $73 valuation, 8% lower than current price. Revenues are estimated at $14.5B for Q4 2024, slightly below consensus. EPS expected to be $2.49, falling below consensus. Stock price estimate is also lower than current market price.

Trefis Reinforced Value Portfolio has seen a 4% return in Feb 2024, with cumulative total returns since 2017 at 85%. Comparatively, S&P 500 has returned 5% in Feb 2024 and 127% since 2017. Best Buy’s valuation indicates a price of around $73, 8% lower than the current market price. Non-GAAP operating income rate for Q4 FY’24 is expected to be 4.7%-5.0%.



Read more at NASDAQ: Flat Since The Beginning of 2023, What’s Next For Best Buy’s Stock Post Q4 Results?