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Bartosiak: Trading Best Buy's (BBY) Earnings with Options
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On Tuesday, August 29th, Best Buy (BBY - Free Report) will release its earnings results before the bell. The company is a Zacks Rank 2 (Buy), and have a Value, Growth, and Momentum score of A.
Dave will look at Best Buy’ 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 $0.63 per share according to the Zacks Consensus Estimate. Last quarter they beat earnings expectations by 50%. They reported earnings at $0.40per share, beating their estimate of $0.20. They have an average earnings surprise of 33.77%.
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 11:00am CST today to see David’s thoughts.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Image: Bigstock
Bartosiak: Trading Best Buy's (BBY) Earnings with Options
On Tuesday, August 29th, Best Buy (BBY - Free Report) will release its earnings results before the bell. The company is a Zacks Rank 2 (Buy), and have a Value, Growth, and Momentum score of A.
Dave will look at Best Buy’ 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 $0.63 per share according to the Zacks Consensus Estimate. Last quarter they beat earnings expectations by 50%. They reported earnings at $0.40per share, beating their estimate of $0.20. They have an average earnings surprise of 33.77%.
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 11:00am CST today to see David’s thoughts.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.Click here for the 6 trades >>