We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Here's What Key Metrics Tell Us About Best Buy (BBY) Q4 Earnings
Read MoreHide Full Article
For the quarter ended January 2023, Best Buy (BBY - Free Report) reported revenue of $14.74 billion, down 10% over the same period last year. EPS came in at $2.61, compared to $2.73 in the year-ago quarter.
The reported revenue represents a surprise of -0.09% over the Zacks Consensus Estimate of $14.75 billion. With the consensus EPS estimate being $2.09, the EPS surprise was +24.88%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Best Buy performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Comparable store sales-YoY change: -9.3% versus the 10-analyst average estimate of -9.14%.
Comparable store sales-Domestic-YoY change: -9.6% versus -9.22% estimated by nine analysts on average.
Comparable store sales-International-YoY change: -5.7% compared to the -7.15% average estimate based on eight analysts.
Revenue-Domestic: $13.53 billion versus $13.48 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a -9.8% change.
Geographic Revenue - International: $1.20 billion versus the five-analyst average estimate of $1.24 billion. The reported number represents a year-over-year change of -12.2%.
Shares of Best Buy have returned -7.9% over the past month versus the Zacks S&P 500 composite's -3.9% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Here's What Key Metrics Tell Us About Best Buy (BBY) Q4 Earnings
For the quarter ended January 2023, Best Buy (BBY - Free Report) reported revenue of $14.74 billion, down 10% over the same period last year. EPS came in at $2.61, compared to $2.73 in the year-ago quarter.
The reported revenue represents a surprise of -0.09% over the Zacks Consensus Estimate of $14.75 billion. With the consensus EPS estimate being $2.09, the EPS surprise was +24.88%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Best Buy performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for Best Buy here>>>
Shares of Best Buy have returned -7.9% over the past month versus the Zacks S&P 500 composite's -3.9% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.