What's Happening with BBY
Best Buy Co Inc (BBY) is scheduled to report Quarter 4 numbers before market open on November 22. Analysts forecast the company will earn $1.02 per share for the quarter. During the same period last year, the company earned $2.08 per share. The stock is down 26.35% on the year.
Technical Analysis
BBY was recently trading at $72.05, down $69.92 from its 12-month high and $11.26 above its 12-month low. InvestorsObserver gives BBY a 27 long-term technical score and a 29 short-term technical score. The stock has recent support above $63 and recent resistance below $79. Of the 18 analysts who cover the stock 4 rate it Strong Buy, 0 rate it Buy, 13 rate it Hold, 0 rate it Sell, and 1 rate it Strong Sell, BBY gets an overall score of 37 from InvestorsObserver.
Analysts' Thoughts
BBY has shown an annual earnings growth of 23.70% over the last five years, and, looking ahead, analysts expect the company's profits to rise 8.00% per annum over the next five years. Last quarter the company posted better than expected EPS and this quarter the street expects earnings of $1.02 per share. BBY is currently trading at $72.05 with an average price target of $77.00.