Wedbush Has Pessimistic Outlook of Best Buy Q1 Earnings

Best Buy Co., Inc. (NYSE:BBY) – Analysts at Wedbush decreased their Q1 2026 earnings per share (EPS) estimates for Best Buy in a research report issued on Tuesday, March 4th. Wedbush analyst S. Basham now anticipates that the technology retailer will post earnings per share of $1.05 for the quarter, down from their prior estimate of $1.36. Wedbush currently has a “Neutral” rating and a $90.00 target price on the stock. The consensus estimate for Best Buy’s current full-year earnings is $6.18 per share. Wedbush also issued estimates for Best Buy’s FY2026 earnings at $5.91 EPS, FY2027 earnings at $6.47 EPS and FY2028 earnings at $7.16 EPS.

Best Buy (NYSE:BBY) last announced its earnings results on Tuesday, March 4th. The technology retailer reported $2.58 earnings per share for the quarter, topping analysts’ consensus estimates of $2.40 by $0.18. The company had revenue of $13.95 billion for the quarter, compared to analyst estimates of $13.69 billion. Best Buy had a return on equity of 45.93% and a net margin of 3.01%. During the same quarter last year, the company earned $2.72 earnings per share.

BBY has been the topic of a number of other research reports. Loop Capital lowered their target price on Best Buy from $100.00 to $90.00 and set a “buy” rating on the stock in a research note on Wednesday. Piper Sandler reduced their price target on Best Buy from $102.00 to $92.00 and set an “overweight” rating on the stock in a research report on Wednesday. DA Davidson reduced their price target on Best Buy from $117.00 to $110.00 and set a “buy” rating on the stock in a research report on Wednesday. Barclays reduced their price target on Best Buy from $95.00 to $89.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 9th. Finally, Jefferies Financial Group reduced their price target on Best Buy from $106.00 to $92.00 and set a “buy” rating on the stock in a research report on Tuesday. One analyst has rated the stock with a sell rating, nine have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $93.50.

Best Buy Price Performance

Shares of NYSE BBY opened at $78.60 on Friday. The firm has a market cap of $16.80 billion, a P/E ratio of 13.44, a price-to-earnings-growth ratio of 2.10 and a beta of 1.43. The company has a current ratio of 1.00, a quick ratio of 0.22 and a debt-to-equity ratio of 0.37. Best Buy has a 1-year low of $69.29 and a 1-year high of $103.71. The business’s 50 day moving average is $85.75 and its 200-day moving average is $90.43.

Best Buy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, March 25th will be issued a dividend of $0.95 per share. This is an increase from Best Buy’s previous quarterly dividend of $0.94. The ex-dividend date is Tuesday, March 25th. This represents a $3.80 annualized dividend and a dividend yield of 4.83%. Best Buy’s dividend payout ratio (DPR) is 88.99%.

Insider Activity at Best Buy

In related news, CFO Matthew M. Bilunas sold 69,166 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $87.46, for a total transaction of $6,049,258.36. Following the sale, the chief financial officer now owns 92,070 shares of the company’s stock, valued at $8,052,442.20. This trade represents a 42.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.59% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Siemens Fonds Invest GmbH raised its position in Best Buy by 254.9% during the 4th quarter. Siemens Fonds Invest GmbH now owns 15,349 shares of the technology retailer’s stock worth $1,317,000 after purchasing an additional 11,024 shares during the last quarter. GHE LLC raised its position in Best Buy by 4.3% during the 4th quarter. GHE LLC now owns 19,163 shares of the technology retailer’s stock worth $1,644,000 after purchasing an additional 788 shares during the last quarter. Total Wealth Planning & Management Inc. bought a new position in Best Buy during the 4th quarter worth $731,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Best Buy during the 4th quarter worth $29,090,000. Finally, Brooklyn FI LLC bought a new position in Best Buy during the 4th quarter worth $315,000. 80.96% of the stock is owned by institutional investors.

About Best Buy

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.