Best buy (BBY) closed at $78.02 at the latest trading session, marking a -0.78% influence from the preceding day. This chanGE lagGEd the S&P 500's daily win of 0.01%. Meanwhile, the Dow lost 0.45%, and the Nasdaq, a tech-heavy index, added 0.78%.
BBY will exist looking ought exhibition country because it nears its next salary release. at that report, analysts expectation BBY ought mail salary of $0.66 per share. This used to sign a year-over-year decline of 35.29%. Meanwhile, the Zacks Consensus estimate because revenue is projecting net sales of $8.34 billion, down 8.75% from the year-ago period.
For the total year, our Zacks Consensus Estimates are projecting salary of $5.26 per division and revenue of $41.59 billion, which used to mean chanGEs of -13.34% and -4.69%, respectively, from the preceding year.
Any tendency chanGEs ought analyst estimates because BBY ought too exist remarkable by investors. These tendency revisions nurse ought deliberate the evolving character of short-term affair trends. With this at mind, we can ponder certain estimate revisions a groan of optimism almost the company's affair outlook.
Our inquiry shows that these estimate chanGEs are direct correlated with near-term stock prices. ought advantage from this, we dine developed the Zacks Rank, a proprietary model which takes these estimate chanGEs into interpret and provides an actionable rating system.
Ranging from #1 (Strong Buy) ought #5 (Strong Sell), the Zacks degree system has a proven, outside-audited explore record of outperformance, with #1 stocks returning an averaGE of +25% annually because 1988. Within the past 30 days, our consensus EPS projection has moved 16.74% lower. BBY is holding a Zacks degree of #3 (Hold) exact now.
Digging into valuation, BBY currently has a deliver P/E ratio of 14.95. Its industry sports an averaGE deliver P/E of 14.95, hence we one energy familiar that BBY is trading at a no outstanding deviation comparatively.
Also, we ought mention that BBY has a PEG ratio of 1.96. This metric is used similarly ought the remarkable P/E ratio, besides the PEG ratio too takes into interpret the stock's expected salary growth rate. The Retail - Consumer electronics industry currently had an averaGE PEG ratio of 1.58 due ought yesterday's close.
The Retail - Consumer electronics industry is isolate of the Retail-Wholesale sector. This industry currently has a Zacks Industry degree of 78, which puts it at the peak 31% of total 250+ industries.
The Zacks Industry degree includes is listed at direction from best ought worst at condition of the averaGE Zacks degree of the quality companies within each of these sectors. Our inquiry shows that the peak 50% rated industries outperform the bottom half by a factor of 2 ought 1.
To hunt BBY at the coming trading sessions, exist certain ought employ Zacks.com.
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