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On Thursday, November 16th, Best Buy (BBY - Free Report) will release its third quarter earnings results before the bell. The company is a Zacks Rank 3 (Hold), and have a Value, Growth, and Momentum score of A.
Dave will look at Best Buy’s past earnings, take a look at what is currently going on with the company, and give us his thoughts on their upcoming earnings announcement.
Furthermore, Dave will uncover some potential options trades for investors looking to make a play on Best Buy ahead of earnings.
Best Buy in Focus
Best Buy operates in a single business segment, selling personal computers and other home office products, consumer electronics, entertainment software, major appliances and related accessories principally through its retail stores. They operate retail stores and commercial Websites under the brand names Best Buy, Media Play, On Cue, Sam Goody, Suncoast, Magnolia Hi-Fi and Future Shop. They also operate in three segments: Best Buy, Musicland and International.
Best Buy is expected to report earnings at $0.79 per share according to the Zacks Consensus Estimate. Last quarter they beat earnings expectations by 9.52%. They reported earnings at $0.69 per share, beating their estimate of $0.63. They have an average earnings surprise of 27.23% over the last 4 quarters.
Best Buy Co., Inc. Price, Consensus and EPS Surprise
How should investors play Best Buy ahead of their earnings report? For insights on the best options trades, then tune in at 1:00pm CST today to see David’s thoughts.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
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Should You Own Best Buy (BBY) Ahead of Earnings?
On Thursday, November 16th, Best Buy (BBY - Free Report) will release its third quarter earnings results before the bell. The company is a Zacks Rank 3 (Hold), and have a Value, Growth, and Momentum score of A.
Dave will look at Best Buy’s past earnings, take a look at what is currently going on with the company, and give us his thoughts on their upcoming earnings announcement.
Furthermore, Dave will uncover some potential options trades for investors looking to make a play on Best Buy ahead of earnings.
Best Buy in Focus
Best Buy operates in a single business segment, selling personal computers and other home office products, consumer electronics, entertainment software, major appliances and related accessories principally through its retail stores. They operate retail stores and commercial Websites under the brand names Best Buy, Media Play, On Cue, Sam Goody, Suncoast, Magnolia Hi-Fi and Future Shop. They also operate in three segments: Best Buy, Musicland and International.
Best Buy is expected to report earnings at $0.79 per share according to the Zacks Consensus Estimate. Last quarter they beat earnings expectations by 9.52%. They reported earnings at $0.69 per share, beating their estimate of $0.63. They have an average earnings surprise of 27.23% over the last 4 quarters.
Best Buy Co., Inc. Price, Consensus and EPS Surprise
Best Buy Co., Inc. Price, Consensus and EPS Surprise | Best Buy Co., Inc. Quote
Bottom Line
How should investors play Best Buy ahead of their earnings report? For insights on the best options trades, then tune in at 1:00pm CST today to see David’s thoughts.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>