An Analysis Of Best Buy Co. Inc. (BBY) Stock

Best Buy Co. Inc. (NYSE:BBY) has a beta value of 1.47 and has seen 0.78 million shares traded in the recent trading session. The company, currently valued at $15.55B, closed the recent trade at $71.87 per share which meant it lost -$0.8 on the day or -1.10% during that session. The BBY stock price is -19.81% off its 52-week high price of $86.11 and 13.32% above the 52-week low of $62.30. The 3-month trading volume is 2.96 million shares.

Best Buy Co. Inc. (NYSE:BBY) trade information

Sporting -1.10% in the red today, the stock has traded in the red over the last five days, when the BBY stock price touched $71.87 or saw a rise of 3.76%. Year-to-date, Best Buy Co. Inc. shares have moved -8.19%, while the 5-day performance has seen it change -2.00%. Over the past 30 days, the shares of Best Buy Co. Inc. (NYSE:BBY) have changed -4.22%.

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Best Buy Co. Inc. (BBY) estimates and forecasts

Figures show that Best Buy Co. Inc. shares have outperformed across the wider relevant industry. The company’s shares have gained 5.52% over the past 6 months, with this year growth rate of -5.34%, compared to -5.40% for the industry. Revenue growth from the last financial year stood is estimated to be -3.30%.

20 analysts offering their estimates for the company have set an average revenue estimate of 8.97B for the current quarter. 20 have an estimated revenue figure of 9.3B for the next ending quarter.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 1.77% over the past 5 years. Earnings growth for 2024 is a modest -5.58% while over the next 5 years, the company’s earnings are expected to decrease by -1.10%.

BBY Dividends

Best Buy Co. Inc. is expected to release its next earnings report in June this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 3.70 at a share yield of 5.15%. The company’s dividend yield has gone up over the past 12 months.