Best Buy Co., Inc. (NYSE:BBY) electronic retailer, is reporting third quarter earnings results on Tuesday 24th November 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 1.70 per share.
For the full year, analysts predict revenues of $ 45605.70 million, while looking forward to income of $ 7.25 per share.
The Company Outlook
Full Year 2021 topline are forecasted in a range of$ 43,300.00 million ~ $ 44,300.00 million, where as bottomline are predicted in a range of $ 6.10 ~ $ 6.30 per share
Click Here For More Historical Outlooks Of Best Buy Co., Inc.
Previous Quarter Performance
Best Buy Co., Inc. recorded income for the second quarter of $ 1.71 per share, from the revenue of $ 9,910.00 million. The quarterly earnings developed 58.33 percent while revenues escalated 3.92 percent compared with the same quarter last year.
According to street consensus, BBY was expected to report 2Q21 income of $ 1.08 per share from revenue of $ 9712.23 million. The bottom line results beat street analysts by $ 0.63 or 58.33 percent, at the same time, top line results outshined analysts by $ 197.77 million or 2.04 percent.
Stock Performance
Shares of Best Buy Co., Inc. traded up $ 2.90 or 2.43 percent on Monday, reaching $ 122.04 with volume of 4.33 million shares. Best Buy Co., Inc. has traded high as $ 124.31 and has cracked $ 119.90 on the downward trend
According to the previous trading day, closing price of $ 122.04, representing a 147.64 % increase from the 52 week low of $ 48.11 and a 4.6 % decrease over the 52 week high of $ 124.89.
The company has a market capital of $ 31.59 billion and is part of the Consumer Cyclical sector and Specialty Retail industry.
Conference Call
Best Buy Co., Inc. will be hosting a conference call at 8:00 AM eastern time on 24th November 2020, to discuss its 3Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.bestbuy.com
Best Buy Co., Inc. operates as a retailer of technology products, services, and solutions in the United States, Canada, and Mexico. The company operates in two segments, Domestic and International.
