Best Buy (BBY) to Announce Quarterly Earnings on Thursday

Best Buy (NYSE:BBY) is expected to issue its Q2 2027 results before the market opens on Thursday, August 27th. Analysts expect the company to announce earnings of $1.38 per share and revenue of $9.5952 billion for the quarter. Best Buy has set its FY 2027 guidance at 6.300-6.600 EPS. Investors can find conference call details on the company’s upcoming Q2 2027 earning report page for the latest details on the call scheduled for Thursday, August 27, 2026 at 8:00 AM ET.

Best Buy (NYSE:BBY) last released its quarterly earnings results on Thursday, May 28th. The technology retailer reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.05. Best Buy had a return on equity of 48.70% and a net margin of 2.73%.The company had revenue of $8.94 billion for the quarter, compared to analyst estimates of $8.82 billion. During the same quarter last year, the firm posted $1.15 earnings per share. Best Buy’s revenue was up 1.9% compared to the same quarter last year. On average, analysts expect Best Buy to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Best Buy Price Performance

Shares of BBY opened at $87.51 on Tuesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.40 and a current ratio of 1.12. The stock has a 50 day simple moving average of $82.36 and a 200 day simple moving average of $70.91. Best Buy has a 52-week low of $55.10 and a 52-week high of $91.26. The firm has a market capitalization of $18.44 billion, a PE ratio of 16.21, a P/E/G ratio of 2.47 and a beta of 1.29.

Best Buy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th were issued a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 4.4%. The ex-dividend date was Thursday, June 18th. Best Buy’s dividend payout ratio (DPR) is 71.11%.

Wall Street Analyst Weigh In

BBY has been the topic of a number of research reports. Loop Capital lowered shares of Best Buy from a “buy” rating to a “hold” rating and set a $82.00 price target on the stock. in a research note on Monday, July 13th. Weiss Ratings raised shares of Best Buy from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, July 29th. Wells Fargo & Company raised their price objective on shares of Best Buy from $65.00 to $85.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 11th. Jefferies Financial Group cut shares of Best Buy from a “buy” rating to a “hold” rating and cut their price objective for the company from $89.00 to $85.00 in a research report on Wednesday, August 5th. Finally, Wedbush reiterated a “buy” rating on shares of Best Buy in a report on Monday. Six investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Best Buy currently has an average rating of “Hold” and a consensus price target of $83.10.

Insider Buying and Selling

In other news, CAO Mathew Watson sold 1,784 shares of Best Buy stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $73.80, for a total value of $131,659.20. Following the sale, the chief accounting officer directly owned 21,630 shares in the company, valued at $1,596,294. This trade represents a 7.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Richard M. Schulze sold 224,705 shares of the business’s stock in a transaction on Friday, June 26th. The stock was sold at an average price of $78.10, for a total transaction of $17,549,460.50. Following the completion of the sale, the chairman directly owned 10,430,936 shares in the company, valued at approximately $814,656,101.60. This represents a 2.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 1,002,134 shares of company stock worth $77,283,527 over the last quarter. 0.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Best Buy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Palisade Asset Management LLC bought a new position in shares of Best Buy in the 3rd quarter valued at about $25,000. Atlas Capital Advisors Inc. acquired a new stake in shares of Best Buy in the fourth quarter valued at about $32,000. CYBER HORNET ETFs LLC bought a new stake in Best Buy during the second quarter worth about $33,000. MUFG Securities EMEA plc bought a new stake in Best Buy during the second quarter worth about $38,000. Finally, DV Equities LLC bought a new stake in Best Buy during the fourth quarter worth about $38,000. 80.96% of the stock is owned by institutional investors.

Best Buy Company Profile

Best Buy Co, Inc is a leading North American consumer electronics retailer that sells a broad range of products including computers, mobile phones, televisions and home theater systems, major appliances, smart-home devices, gaming hardware and software, wearables and related accessories. The company operates through a mix of large-format stores, smaller specialty locations and an e-commerce platform, offering national and private-brand merchandise from major consumer-technology manufacturers as well as third-party sellers.

Beyond product retailing, Best Buy provides a suite of services aimed at installation, repair and ongoing technical support.