Q3 2025 Earnings Forecast for Best Buy Co., Inc. (NYSE:BBY) Issued By Zacks Research

Best Buy Co., Inc. (NYSE:BBY) – Research analysts at Zacks Research cut their Q3 2025 earnings estimates for shares of Best Buy in a note issued to investors on Wednesday, September 18th. Zacks Research analyst R. Department now forecasts that the technology retailer will post earnings of $1.30 per share for the quarter, down from their prior estimate of $1.32. The consensus estimate for Best Buy’s current full-year earnings is $6.26 per share. Zacks Research also issued estimates for Best Buy’s FY2025 earnings at $6.26 EPS, Q1 2026 earnings at $1.26 EPS, Q2 2026 earnings at $1.48 EPS, Q3 2026 earnings at $1.48 EPS, Q4 2026 earnings at $2.70 EPS, FY2026 earnings at $6.91 EPS, Q1 2027 earnings at $1.38 EPS, Q2 2027 earnings at $1.61 EPS and FY2027 earnings at $7.56 EPS.

Best Buy (NYSE:BBY) last posted its quarterly earnings results on Thursday, August 29th. The technology retailer reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.18. Best Buy had a return on equity of 47.19% and a net margin of 2.96%. The business had revenue of $9.29 billion for the quarter, compared to analyst estimates of $9.23 billion. During the same period last year, the company earned $1.22 EPS. The firm’s revenue was down 3.1% on a year-over-year basis.

Other equities research analysts have also issued reports about the stock. Barclays increased their target price on shares of Best Buy from $81.00 to $95.00 and gave the stock an “equal weight” rating in a report on Friday, August 30th. Evercore ISI lifted their target price on Best Buy from $90.00 to $94.00 and gave the stock an “in-line” rating in a report on Friday, August 30th. Citigroup boosted their target price on Best Buy from $100.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Wedbush raised their price target on Best Buy from $85.00 to $95.00 and gave the stock a “neutral” rating in a research report on Friday, August 30th. Finally, Bank of America boosted their price objective on Best Buy from $70.00 to $80.00 and gave the company an “underperform” rating in a research report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Best Buy presently has an average rating of “Moderate Buy” and a consensus price target of $102.56.

Best Buy Stock Down 1.2 %

Best Buy stock opened at $97.30 on Friday. The firm has a market capitalization of $20.99 billion, a price-to-earnings ratio of 17.04, a PEG ratio of 2.56 and a beta of 1.46. The company’s 50 day simple moving average is $90.15 and its 200 day simple moving average is $83.51. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.01 and a quick ratio of 0.34. Best Buy has a fifty-two week low of $62.30 and a fifty-two week high of $103.71.

Best Buy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 10th. Stockholders of record on Thursday, September 19th will be paid a dividend of $0.94 per share. The ex-dividend date is Thursday, September 19th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 3.86%. Best Buy’s dividend payout ratio is 65.85%.

Insider Activity

In related news, Chairman Richard M. Schulze sold 691,328 shares of the company’s stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $88.46, for a total transaction of $61,154,874.88. Following the sale, the chairman now owns 14,911,525 shares in the company, valued at $1,319,073,501.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Chairman Richard M. Schulze sold 691,328 shares of the business’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $88.46, for a total transaction of $61,154,874.88. Following the transaction, the chairman now directly owns 14,911,525 shares in the company, valued at $1,319,073,501.50. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Jason J. Bonfig sold 3,500 shares of the stock in a transaction on Monday, July 8th. The shares were sold at an average price of $83.02, for a total transaction of $290,570.00. Following the completion of the sale, the executive vice president now owns 50,714 shares of the company’s stock, valued at approximately $4,210,276.28. The disclosure for this sale can be found here. Insiders sold 1,383,370 shares of company stock worth $122,233,276 in the last quarter. Corporate insiders own 0.59% of the company’s stock.

Hedge Funds Weigh In On Best Buy

A number of institutional investors have recently bought and sold shares of BBY. Norges Bank bought a new position in shares of Best Buy during the 4th quarter worth approximately $165,164,000. Ninety One UK Ltd bought a new position in Best Buy during the second quarter worth $121,325,000. Thrivent Financial for Lutherans boosted its position in Best Buy by 4,337.6% during the second quarter. Thrivent Financial for Lutherans now owns 1,099,495 shares of the technology retailer’s stock worth $92,677,000 after purchasing an additional 1,074,718 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Best Buy by 55.7% in the second quarter. Bank of New York Mellon Corp now owns 2,863,291 shares of the technology retailer’s stock valued at $241,347,000 after purchasing an additional 1,024,824 shares during the last quarter. Finally, Epoch Investment Partners Inc. raised its position in shares of Best Buy by 11,586.7% in the fourth quarter. Epoch Investment Partners Inc. now owns 686,128 shares of the technology retailer’s stock valued at $53,710,000 after purchasing an additional 680,257 shares during the period. Institutional investors and hedge funds own 80.96% of the company’s stock.

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.