Today’s video takes a quick look at the consumer electronics retail market, which is looking to follow up the recent run in the retail sector lately. However, this segment isn’t looking very impressive going into the report, as the segment is roughly in the bottom third from an industry rank perspective.

But how are two of the most important names in the group looking before their earnings reports this week? Let’s take a quick look at two of the top names below...

Best Buy (BBY Quick QuoteBBY - Free Report)

Best Buy stock has been stuck in a narrow range as of late, though it has certainly shown an ability to beat earnings estimates. In fact, the company hasn’t missed since the very dark days of the end of 2012, where investors were worried about the viability of BBY for the long term. Lately though, BBY appears likely to beat and was just a Zacks Rank Buy though it has fallen into hold territory within the past week. Fundamentals appear strong for this one too, as evidenced by its ‘A’ VGM Score so it seems reasonable to expect more of the same out of BBY this quarter too.

BEST BUY Price, Consensus and EPS Surprise

BEST BUY Price, Consensus and EPS Surprise | BEST BUY Quote

Best Buy reports before the bell on 8/23.

 

GameStop (GME Quick QuoteGME - Free Report)

GameStop has seen tougher times than BBY lately, and it has shown up in a spottier history at earnings season. GME also has been seeing declining earnings estimates and there are some questions starting to pop up over its business model thanks to increased digital purchases of games, which will again be an issue in this report too. Still, the company is coming off of two straight beats, so all is not lost for GME heading into this crucial report.

GAMESTOP CORP Price, Consensus and EPS Surprise

GAMESTOP CORP Price, Consensus and EPS Surprise | GAMESTOP CORP Quote

For more in-depth analysis of these companies, make sure to watch our short video on the topic. And for additional insights on trading earnings reports, check out our podcast below: