Best Buy Co Inc (BBY) to Release Quarter 4 Numbers

Friday, November 20, 2020 4:07 PM | Neal Farmer

What's Happening with BBY

Best Buy Co Inc (BBY) is scheduled to report Quarter 4 numbers before the market open on November 24. Analysts forecast earnings of $0.29 per share for the quarter. During the same period last year the company earned $0.22, and the stock is up 35.7% on the year.

Technical Analysis

BBY was recently trading at $119.11 down $5.78 from its 12-month high and $71 above its 12-month low. InvestorsObserver gives BBY a 84 long-term technical score and a 93 short-term technical score. The stock has recent support above $104.72 and recent resistance below $123.62. Of the 19 analysts who cover the stock 11 rate it Strong Buy, 0 rate it Buy, 8 rate it Hold, 0 rate it Sell, and 0 rate it Strong Sell, BBY gets an overall score of 79 from InvestorsObserver.

Analysts' Thoughts

BBY has shown annual earnings growth of 24.23% over the last five years, and looking ahead analysts expect the company to grow profits 7.40% per annum the next five years. Last quarter the company posted better than expected EPS and this quarter the street expects $0.29 EPS. BBY is currently trading at $119.11 with an average price target of $119.52.

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