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Here's What Key Metrics Tell Us About Best Buy (BBY) Q2 Earnings
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For the quarter ended July 2024, Best Buy (BBY - Free Report) reported revenue of $9.29 billion, down 3.1% over the same period last year. EPS came in at $1.34, compared to $1.22 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $9.23 billion, representing a surprise of +0.63%. The company delivered an EPS surprise of +16.52%, with the consensus EPS estimate being $1.15.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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 - Enterprise - YoY change
: -2.3% versus -3.1% estimated by nine analysts on average.
Comparable store sales - Domestic - YoY change
: -2.3% compared to the -3.2% average estimate based on eight analysts.
Comparable store sales - International - YoY change
: -1.8% versus the seven-analyst average estimate of -1.5%.
Number of stores - International - Total
: 161 versus 160 estimated by five analysts on average.
Number of stores - Domestic - Pacific Sales Stores
: 20 compared to the 20 average estimate based on four analysts.
Number of stores - International - Canada Best Buy Stores
: 129 compared to the 128 average estimate based on four analysts.
Number of stores - International - Canada Best Buy Mobile Stand-Alone Stores
: 32 versus 32 estimated by four analysts on average.
Number of stores - Domestic - U.S. Best Buy Stores
: 890 compared to the 890 average estimate based on four analysts.
Number of stores - Domestic - Total
: 959 versus 957 estimated by four analysts on average.
Number of stores - Total
: 1,120 versus the four-analyst average estimate of 1,116.
Geographic Revenue- Domestic
: $8.62 billion versus the six-analyst average estimate of $8.56 billion. The reported number represents a year-over-year change of -3%.
Geographic Revenue- International
: $665 million compared to the $683 million average estimate based on six analysts. The reported number represents a change of -4% year over year.
Shares of Best Buy have returned +1.5% over the past month versus the Zacks S&P 500 composite's +2.6% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Here's What Key Metrics Tell Us About Best Buy (BBY) Q2 Earnings
For the quarter ended July 2024, Best Buy (BBY - Free Report) reported revenue of $9.29 billion, down 3.1% over the same period last year. EPS came in at $1.34, compared to $1.22 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $9.23 billion, representing a surprise of +0.63%. The company delivered an EPS surprise of +16.52%, with the consensus EPS estimate being $1.15.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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>>>Comparable store sales - Enterprise - YoY change
: -2.3% versus -3.1% estimated by nine analysts on average.Comparable store sales - Domestic - YoY change
: -2.3% compared to the -3.2% average estimate based on eight analysts.Comparable store sales - International - YoY change
: -1.8% versus the seven-analyst average estimate of -1.5%.Number of stores - International - Total
: 161 versus 160 estimated by five analysts on average.Number of stores - Domestic - Pacific Sales Stores
: 20 compared to the 20 average estimate based on four analysts.Number of stores - International - Canada Best Buy Stores
: 129 compared to the 128 average estimate based on four analysts.Number of stores - International - Canada Best Buy Mobile Stand-Alone Stores
: 32 versus 32 estimated by four analysts on average.Number of stores - Domestic - U.S. Best Buy Stores
: 890 compared to the 890 average estimate based on four analysts.Number of stores - Domestic - Total
: 959 versus 957 estimated by four analysts on average.Number of stores - Total
: 1,120 versus the four-analyst average estimate of 1,116.Geographic Revenue- Domestic
: $8.62 billion versus the six-analyst average estimate of $8.56 billion. The reported number represents a year-over-year change of -3%.Geographic Revenue- International
: $665 million compared to the $683 million average estimate based on six analysts. The reported number represents a change of -4% year over year.Shares of Best Buy have returned +1.5% over the past month versus the Zacks S&P 500 composite's +2.6% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.