Wedbush Has Pessimistic Outlook of Best Buy Q4 Earnings

Best Buy Co., Inc. (NYSE:BBY) – Stock analysts at Wedbush reduced their Q4 2025 EPS estimates for shares of Best Buy in a research report issued on Wednesday, November 27th. Wedbush analyst S. Basham now expects that the technology retailer will post earnings per share of $2.39 for the quarter, down from their previous estimate of $2.41. Wedbush has a “Neutral” rating and a $95.00 price objective on the stock. The consensus estimate for Best Buy’s current full-year earnings is $6.19 per share. Wedbush also issued estimates for Best Buy’s Q2 2026 earnings at $1.28 EPS.

Best Buy (NYSE:BBY) last issued its quarterly earnings results on Thursday, August 29th. The technology retailer reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.18. The company had revenue of $9.29 billion during the quarter, compared to the consensus estimate of $9.23 billion. Best Buy had a return on equity of 45.93% and a net margin of 3.01%. Best Buy’s revenue was down 3.1% on a year-over-year basis. During the same period last year, the business posted $1.22 earnings per share.

Several other equities analysts have also weighed in on BBY. Wells Fargo & Company reduced their price target on shares of Best Buy from $95.00 to $89.00 and set an “equal weight” rating for the company in a research report on Wednesday. Bank of America increased their target price on shares of Best Buy from $70.00 to $80.00 and gave the company an “underperform” rating in a research report on Friday, August 30th. BNP Paribas raised shares of Best Buy to a “strong-buy” rating in a report on Thursday, August 29th. JPMorgan Chase & Co. increased their price objective on Best Buy from $111.00 to $117.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Finally, Barclays raised their target price on Best Buy from $81.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $101.06.

Best Buy Stock Up 2.1 %

Shares of NYSE:BBY opened at $90.05 on Thursday. The company has a market capitalization of $19.34 billion, a PE ratio of 15.39, a price-to-earnings-growth ratio of 2.34 and a beta of 1.47. Best Buy has a 1 year low of $69.29 and a 1 year high of $103.71. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.00 and a quick ratio of 0.34. The business has a fifty day moving average price of $93.81 and a two-hundred day moving average price of $89.17.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. QRG Capital Management Inc. increased its stake in Best Buy by 10.5% in the 3rd quarter. QRG Capital Management Inc. now owns 31,745 shares of the technology retailer’s stock worth $3,279,000 after acquiring an additional 3,025 shares during the last quarter. GAMMA Investing LLC raised its stake in Best Buy by 78.7% in the second quarter. GAMMA Investing LLC now owns 2,039 shares of the technology retailer’s stock valued at $172,000 after purchasing an additional 898 shares in the last quarter. Asset Management One Co. Ltd. raised its stake in Best Buy by 27.4% in the third quarter. Asset Management One Co. Ltd. now owns 90,341 shares of the technology retailer’s stock valued at $9,332,000 after purchasing an additional 19,405 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in Best Buy by 11.4% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 74,764 shares of the technology retailer’s stock valued at $6,302,000 after purchasing an additional 7,663 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in Best Buy by 13.3% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 154,564 shares of the technology retailer’s stock worth $15,806,000 after buying an additional 18,171 shares in the last quarter. Institutional investors own 80.96% of the company’s stock.

Best Buy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Tuesday, December 17th will be given a dividend of $0.94 per share. The ex-dividend date is Tuesday, December 17th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 4.18%. Best Buy’s dividend payout ratio (DPR) is currently 64.27%.

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.