What is DA Davidson's Estimate for Best Buy Q4 Earnings? (2024)

Best Buy Co., Inc. (NYSE:BBY - Free Report) - Equities researchers at DA Davidson issued their Q4 2025 earnings estimates for Best Buy in a research note issued to investors on Wednesday, November 27th. DA Davidson analyst M. Baker expects that the technology retailer will post earnings of $2.43 per share for the quarter. DA Davidson has a "Buy" rating and a $117.00 price target on the stock. The consensus estimate for Best Buy's current full-year earnings is $6.28 per share.

Best Buy (NYSE:BBY - Get Free Report) last issued its earnings results on Thursday, August 29th. The technology retailer reported $1.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.16 by $0.18. The company had revenue of $9.29 billion for the quarter, compared to analysts' expectations of $9.23 billion. Best Buy had a net margin of 2.96% and a return on equity of 47.19%. Best Buy's quarterly revenue was down 3.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.22 EPS.

Other equities research analysts have also recently issued research reports about the company. Loop Capital reduced their price objective on Best Buy from $110.00 to $100.00 and set a "buy" rating for the company in a report on Wednesday. Telsey Advisory Group lowered their price objective on Best Buy from $115.00 to $110.00 and set an "outperform" rating on the stock in a research report on Tuesday. Piper Sandler reissued an "overweight" rating and issued a $114.00 target price (up previously from $100.00) on shares of Best Buy in a research report on Friday, August 30th. Evercore ISI raised their price target on shares of Best Buy from $90.00 to $94.00 and gave the stock an "in-line" rating in a research report on Friday, August 30th. Finally, Wells Fargo & Company dropped their price objective on shares of Best Buy from $95.00 to $89.00 and set an "equal weight" rating for the company in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Best Buy has a consensus rating of "Moderate Buy" and a consensus price target of $100.82.

View Our Latest Stock Report on BBY

Best Buy Stock Performance

BBY traded down $0.31 during trading hours on Thursday, reaching $88.17. The company's stock had a trading volume of 4,011,994 shares, compared to its average volume of 3,065,271. The company's 50-day moving average is $93.96 and its 200-day moving average is $89.06. Best Buy has a 52 week low of $68.67 and a 52 week high of $103.71. The firm has a market cap of $18.93 billion, a PE ratio of 15.20, a price-to-earnings-growth ratio of 2.44 and a beta of 1.47. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.34 and a current ratio of 1.01.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Richardson Financial Services Inc. raised its stake in shares of Best Buy by 190.9% during the second quarter. Richardson Financial Services Inc. now owns 320 shares of the technology retailer's stock valued at $27,000 after acquiring an additional 210 shares during the last quarter. Innealta Capital LLC purchased a new position in Best Buy during the 2nd quarter valued at about $35,000. Harbor Capital Advisors Inc. bought a new position in Best Buy during the 3rd quarter valued at approximately $40,000. LRI Investments LLC lifted its holdings in Best Buy by 632.1% in the 3rd quarter. LRI Investments LLC now owns 388 shares of the technology retailer's stock worth $40,000 after buying an additional 335 shares during the period. Finally, Whittier Trust Co. grew its position in shares of Best Buy by 53.3% in the 2nd quarter. Whittier Trust Co. now owns 492 shares of the technology retailer's stock worth $41,000 after buying an additional 171 shares during the last quarter. Institutional investors own 80.96% of the company's stock.

Best Buy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Investors 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 annualized dividend and a yield of 4.26%. Best Buy's payout ratio is 64.83%.

About Best Buy

(Get Free Report)

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.

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