Best Buy Inc. (BBY) is scheduled to release its 2Q16 earnings results before the opening bell on Tuesday. Checking in on the numbers, the Street’s estimates for the quarter reflect an expected profit of $0.34 per share, down from $0.44 in the same quarter last year. Revenue is projected to post a 7% year-over-year [yoy] decline to $8.28 billion from $8.9 billion a year earlier. Meanwhile, EarningsWhisper.com reports a whisper number of $0.39 per share.
As a quick reminder, Best Buy reported 1Q/16 EPS of $0.37, $0.08 better than the Street’s consensus estimate of $0.29. Revs declined 5.30% yoy to $8.56 billion versus the $9.04 billion estimates.
Best Buy Co., Inc., currently valued at $10.48 billion, has a median Wall Street price target of $42.00 with a high target of $50.00. Approximately 5 million shares have already changed hands, compared to the stock’s average daily volume of 3.72 million.
In the past 52 weeks, shares of the US retailer of technology products, services, and solutions have traded between a low of $28.34 and a high of $42.00 with the 50-day MA and 200-day MA located at $32.55 and $35.75 levels, respectively. Additionally, shares of Best Buy trade at a P/E ratio of 1.13 and have a Relative Strength Index (RSI) and MACD indicator of 30.56 and -0.98, respectively.
BBY currently prints a one year return of 0.48% and a year-to-date loss of around 21%.