Best Buy (NYSE:BBY) Releases FY 2027 Earnings Guidance

28 May 2026, 20:12 by Jessica Moore · The Cerbat Gem

Best Buy (NYSE:BBY – Get Free Report) issued an update on its FY 2027 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 6.300-6.600 for the period, compared to the consensus estimate of 6.490. The company issued revenue guidance of $41.2 billion-$42.1 billion, compared to the consensus revenue estimate of $41.8 billion.

Best Buy Stock Performance

Shares of BBY stock traded up $10.30 during mid-day trading on Thursday, hitting $74.84. The stock had a trading volume of 14,361,121 shares, compared to its average volume of 4,500,754. Best Buy has a fifty-two week low of $55.10 and a fifty-two week high of $84.99. The firm has a market cap of $15.77 billion, a PE ratio of 14.85, a PEG ratio of 1.56 and a beta of 1.22. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.11 and a quick ratio of 0.43. The company’s 50-day simple moving average is $61.74 and its 200-day simple moving average is $66.83.

Best Buy (NYSE:BBY – Get Free Report) last released its earnings results on Thursday, May 28th. The technology retailer reported $1.28 EPS for the quarter, topping the consensus estimate of $1.22 by $0.06. Best Buy had a net margin of 2.56% and a return on equity of 49.17%. The company had revenue of $8.94 billion during the quarter, compared to analysts’ expectations of $8.82 billion. During the same quarter last year, the business earned $1.15 EPS. The business’s revenue was up 1.9% on a year-over-year basis. Best Buy has set its FY 2027 guidance at 6.300-6.600 EPS. Sell-side analysts anticipate that Best Buy will post 6.5 earnings per share for the current year.

Best Buy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 14th. Stockholders of record on Tuesday, March 24th were paid a $0.96 dividend. This is a boost from Best Buy’s previous quarterly dividend of $0.95. The ex-dividend date was Tuesday, March 24th. This represents a $3.84 annualized dividend and a dividend yield of 5.1%. Best Buy’s dividend payout ratio (DPR) is 76.19%.

Wall Street Analysts Forecast Growth

BBY has been the subject of several recent analyst reports. BNP Paribas Exane raised their target price on shares of Best Buy from $68.00 to $74.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 4th. Morgan Stanley decreased their target price on shares of Best Buy from $76.00 to $72.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 4th. DA Davidson set a $78.00 target price on shares of Best Buy in a research report on Thursday, March 5th. Guggenheim restated a “buy” rating and set a $90.00 target price on shares of Best Buy in a research report on Wednesday, March 4th. Finally, The Goldman Sachs Group lowered shares of Best Buy from a “buy” rating to a “sell” rating and set a $59.00 target price on the stock. in a research report on Monday, April 13th. Eight analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $70.70.

View Our Latest Report on BBY

Insiders Place Their Bets

In other Best Buy news, CFO Matthew M. Bilunas sold 11,356 shares of the company’s stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $64.02, for a total value of $727,011.12. Following the sale, the chief financial officer owned 76,884 shares of the company’s stock, valued at $4,922,113.68. This represents a 12.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Corie S. Barry sold 42,869 shares of the stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $64.02, for a total transaction of $2,744,473.38. Following the completion of the sale, the chief executive officer owned 523,138 shares in the company, valued at $33,491,294.76. This represents a 7.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 77,247 shares of company stock worth $4,945,353. 0.47% of the stock is owned by company insiders.

More Best Buy News

Here are the key news stories impacting Best Buy this week:

Positive Sentiment: Best Buy beat Q1 EPS and revenue estimates, with comparable sales turning positive and margins improving. Best Buy Reports First Quarter Results
Positive Sentiment: The company reaffirmed its outlook and issued FY2027 guidance that was close to consensus, reducing concern about a near-term slowdown. Best Buy Surges on Earnings. Its 5% Yield Looks Even Better.
Positive Sentiment: Jefferies raised its price target on BBY to $89 and reiterated a buy rating, suggesting additional upside after the earnings rally. Best Buy price target raised by Jefferies
Neutral Sentiment: Management highlighted demand strength in gaming and computing, partly offset by weakness in appliances, showing the recovery is uneven. Best Buy beats on top and bottom lines as retailer aims to reinvigorate sales

Institutional Investors Weigh In On Best Buy

Institutional investors and hedge funds have recently bought and sold shares of the stock. UMB Bank n.a. lifted its holdings in Best Buy by 6.2% in the 4th quarter. UMB Bank n.a. now owns 3,158 shares of the technology retailer’s stock valued at $211,000 after purchasing an additional 185 shares in the last quarter. Brown Brothers Harriman & Co. lifted its holdings in Best Buy by 54.1% in the 4th quarter. Brown Brothers Harriman & Co. now owns 1,364 shares of the technology retailer’s stock valued at $91,000 after purchasing an additional 479 shares in the last quarter. Moors & Cabot Inc. purchased a new position in Best Buy in the 3rd quarter valued at about $214,000. Tocqueville Asset Management L.P. purchased a new position in Best Buy in the 3rd quarter valued at about $213,000. Finally, Parallel Advisors LLC lifted its holdings in Best Buy by 8.2% in the 3rd quarter. Parallel Advisors LLC now owns 2,677 shares of the technology retailer’s stock valued at $202,000 after purchasing an additional 202 shares in the last quarter. Hedge funds and other institutional investors own 80.96% of the company’s stock.

Best Buy Company Profile

(Get Free Report)

Best Buy Co, Inc is a leading North American consumer electronics retailer that sells a broad range of products including computers, mobile phones, televisions and home theater systems, major appliances, smart-home devices, gaming hardware and software, wearables and related accessories. The company operates through a mix of large-format stores, smaller specialty locations and an e-commerce platform, offering national and private-brand merchandise from major consumer-technology manufacturers as well as third-party sellers.

Beyond product retailing, Best Buy provides a suite of services aimed at installation, repair and ongoing technical support.