What is Zacks Research’s Estimate for Best Buy Q1 Earnings?

Best Buy Co., Inc. (NYSE:BBY) – Equities researchers at Zacks Research lowered their Q1 2026 earnings per share estimates for shares of Best Buy in a research report issued on Tuesday, March 25th. Zacks Research analyst R. Department now expects that the technology retailer will post earnings per share of $1.07 for the quarter, down from their previous estimate of $1.26. The consensus estimate for Best Buy’s current full-year earnings is $6.18 per share. Zacks Research also issued estimates for Best Buy’s Q2 2026 earnings at $1.33 EPS, Q3 2026 earnings at $1.32 EPS, Q4 2026 earnings at $2.60 EPS, FY2026 earnings at $6.32 EPS, Q1 2027 earnings at $1.20 EPS, Q2 2027 earnings at $1.51 EPS, Q3 2027 earnings at $1.47 EPS, Q4 2027 earnings at $2.84 EPS, FY2027 earnings at $7.03 EPS and FY2028 earnings at $7.37 EPS.

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

A number of other analysts have also recently weighed in on BBY. JPMorgan Chase & Co. dropped their price target on Best Buy from $115.00 to $110.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 5th. UBS Group set a $105.00 target price on Best Buy in a research report on Wednesday, March 5th. Telsey Advisory Group reduced their price target on shares of Best Buy from $110.00 to $100.00 and set an “outperform” rating for the company in a report on Wednesday, March 5th. Evercore ISI dropped their price objective on shares of Best Buy from $95.00 to $80.00 and set an “in-line” rating on the stock in a report on Wednesday, March 5th. Finally, Wedbush reiterated a “neutral” rating and issued a $90.00 price objective on shares of Best Buy in a research report on Monday, March 3rd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $93.50.

Best Buy Price Performance

Shares of NYSE:BBY opened at $72.28 on Thursday. The company has a market cap of $15.28 billion, a PE ratio of 12.36, a P/E/G ratio of 2.10 and a beta of 1.43. Best Buy has a fifty-two week low of $69.29 and a fifty-two week high of $103.71. The firm has a 50-day simple moving average of $82.51 and a 200 day simple moving average of $88.31. The company has a quick ratio of 0.22, a current ratio of 1.00 and a debt-to-equity ratio of 0.37.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Wellington Management Group LLP boosted its position in shares of Best Buy by 144.0% in the fourth quarter. Wellington Management Group LLP now owns 5,683 shares of the technology retailer’s stock worth $488,000 after buying an additional 3,354 shares during the period. DSG Capital Advisors LLC acquired a new stake in Best Buy during the 4th quarter worth about $2,777,000. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Best Buy by 49.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 172,806 shares of the technology retailer’s stock valued at $14,827,000 after purchasing an additional 57,520 shares during the period. Siemens Fonds Invest GmbH lifted its position in shares of Best Buy by 254.9% in the fourth 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 in the last quarter. Finally, GHE LLC boosted its holdings in shares of Best Buy by 4.3% during the fourth 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 period. 80.96% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CAO Mathew Watson sold 2,951 shares of Best Buy stock in a transaction on Friday, March 21st. The stock was sold at an average price of $72.65, for a total value of $214,390.15. Following the transaction, the chief accounting officer now directly owns 21,371 shares in the company, valued at $1,552,603.15. The trade was a 12.13 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Todd G. Hartman sold 4,893 shares of the company’s stock in a transaction on Friday, March 21st. The shares were sold at an average price of $72.65, for a total value of $355,476.45. Following the sale, the insider now directly owns 32,320 shares of the company’s stock, valued at approximately $2,348,048. This represents a 13.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 78,355 shares of company stock worth $5,767,213. Corporate insiders own 0.59% of the company’s stock.

Best Buy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, March 25th will be paid a dividend of $0.95 per share. The ex-dividend date is Tuesday, March 25th. This represents a $3.80 annualized dividend and a yield of 5.26%. This is a boost from Best Buy’s previous quarterly dividend of $0.94. Best Buy’s dividend payout ratio (DPR) is currently 88.99%.

Best Buy Company Profile

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.