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Wedbush: Best Buy Has Strong Growth Formula, But Higher Tariffs Are Looming Issue
Friday, May 24, 2019 - 10:53am | 421Read More...While Best Buy Co Inc (NYSE: BBY) turned in another solid quarter Thursday, its success could be threatened by rising tariffs, according to Wedbush. Best Buy reported first-quarter earnings of $1.02 per share, well ahead of the Street’s 86-cent estimate. Revenue was essentially in line...
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Oppenheimer: Buy Best Buy's Stock
Friday, March 22, 2019 - 1:40pm | 331Read More...Consumer electronics retailer Best Buy Co Inc (NYSE: BBY)'s momentum over the past few years could be sustained as the company has several drivers of growth in the pipeline, according to Oppenheimer. The Analyst Oppenheimer's Brian Nagel upgraded Best Buy from Perform to Outperform with a...
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Bank Of America Turns Bearish On Best Buy, Says Retailer Could Miss Q4 Comp Estimate
Monday, December 17, 2018 - 11:54am | 457Read More...Consumer electronics retailer Best Buy Co Inc (NYSE: BBY) remains a "very high quality company," but it faces concerning industry trends and negative product headwinds that warrant a bearish stance on the stock, according to Bank of America Merrill Lynch. The Analyst Analyst Curtis...
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Watch The Consumer Electronics Group Following Toshiba's Raised Outlook
Tuesday, November 8, 2016 - 1:40pm | 489Read More...Toshiba Corp (USA) (OTC: TOSYY) boosted its earnings forecast for full-year 2016 to yen 34.25 a share on sales of yen 5.4 trillion. Following this, investors are likely keenly watching the consumer electronics space for a similar move from its peers. A few days back, Toshiba boosted its EPS outlook...
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Best Buy Reports Better-Than-Expected Q4, Initial Q1 Guidance
Thursday, February 25, 2016 - 9:45am | 357Read More...Shares of Best Buy Co Inc (NYSE: BBY) were trading higher by around 1 percent after the company reported its fourth quarter results. Best Buy said it earned $1.53 per share in the fourth quarter on revenue of $13.623 billion. Wall Street analysts were expecting the company to earn $1.39 per share...
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Best Buy Harmed By Difficult Environment; Argus Reiterates Hold
Tuesday, December 29, 2015 - 10:59am | 396Read More...Best Buy Co Inc (NYSE: BBY) shares have declined 14.04 percent over the past three months, falling to $29.04 on December 18. Argus’ Christopher Graja recently reiterated a Hold rating on the company. Graja believes the company is facing a difficult industry environment and that the below...
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Oppenheimer Suggests There Might Be 'More Light At The End Of The Tunnel' For Best Buy
Friday, February 6, 2015 - 11:43am | 185Read More...Brian Nagel of Oppenheimer on Friday upgraded shares of Best Buy Co Inc (NYSE: BBY) to Outperform from Perform with an established $43 price target given a view that "the worst is likely over." Nagel notes that challenges do persist for Best Buy, but a new senior leadership team that has "...
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Best Buy Reports Holiday Sales Data, Cautious Fiscal 2016 Comments
Thursday, January 15, 2015 - 8:49am | 280Read More...Best Buy Co Inc (NYSE: BBY) reported on Thursday that its domestic comparable-store sales for the nine weeks ended January 3, 2015 rose 2.6 percent, an improvement from the 0.9 percent decline the company saw in the same period a year ago. Revenue totaled $11.366 billion (including $1.233...
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4 ETFs That May Include GoPro
Thursday, June 26, 2014 - 3:56pm | 488Read More...The hotly-anticipated initial public offering of GoPro (NASDAQ: GPRO) this week is one of the largest consumer electronics debuts of the decade. Shares surged more than 30 percent on Thursday from its IPO opening price of $24 per share, as the company raised $427 million in cash. The initial...
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Over 1,000 Store Closures Coming For RadioShack Following Poor Earnings Report
Tuesday, March 4, 2014 - 3:06pm | 466Read More...It was a rough 2013 for RadioShack (NYSE: RSH). The electronics chain, like a lot of retailers, has been slammed by a still-weak economy and the ongoing migration of consumers from brick-and-mortar stores to shopping online. And despite a popular Super Bowl ad, poking fun at itself and its...
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Not Dead Yet: 3 Retailers That Are Apparently Defying The Odds
Thursday, February 27, 2014 - 4:45pm | 1335Read More...The retail industry has been in dire straits for some time now, and amid predictions of a tough 2014 for many major retailers there have also been death knells sounded for several stores have have been apart of the American consumer landscape for years, if not decades. However, recent earnings...
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Best Buy or HH Gregg: Which is the Better Bet?
Tuesday, January 14, 2014 - 6:20pm | 492Read More...Just over a year ago, many analysts were writing off electronics mega-retailer Best Buy (NYSE: BBY) for dead. The company, like many retailers, faced increasing pressure from online retailer Amazon.com and auction site Ebay.com. Things seemed dismal, despite the fact Best Buy's main...
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Which Would You Rather…Microsoft vs. Apple
Tuesday, December 3, 2013 - 5:18pm | 600Read More...It can be challenging to pick just one stock to add to your portfolio, when your choices are between two companies that each have a strong position in the market. Whether it's between Coke and Pepsi, Nike and Reebok or Honda and Toyota, picking a clear winner in the stock purchase game isn't...











