Best Buy

BBY · NYSE · Consumer Discretionary

$77.95▲ +4.29%

+$3.21 today

Mkt cap $16.42B
P/E 14.4
Day $72.18 – $78.19

Confidence

High conviction

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The read

Best Buy shares rise 4.3% post-earnings despite no reported EPS; market prices optimism amid overbought technicals

Best Buy reported earnings on May 28, 2026, with no EPS actuals available yet; shares rose 4.3% to $77.95 driven by positive sentiment and strong institutional ownership. The company shows mixed fundamentals with strong ROE (39.1%) but weak revenue growth (1.0%) and high payout ratio (75.4%). Valuation remains attractive with a forward P/E of 11.1 versus sector average 21.4. Investors should watch for actual EPS results and next-quarter guidance to confirm growth trajectory.

Confidence note: Analysis based on partial data with no reported EPS; valuation and ownership data are reliable but earnings details pending.

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What happened

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Earnings print

Actual EPS not reported yet; consensus estimate was $1.22 for the quarter ending April 30, 2026.

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Guidance

No explicit guidance disclosed in payload; analyst consensus holds at a 'Hold' rating with target price near current levels.

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Price reaction

Shares increased 4.3% on May 28, 2026, closing at $77.95, reflecting positive market sentiment despite missing EPS data.

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Street narrative

Strong institutional ownership (99.0%) and solid ROE (39.1%) contrast with weak revenue growth (1.0%) and payout ratio above sustainable levels (75.4%). Valuation metrics show the stock is roughly 48-53% cheaper than sector averages on P/E basis.

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So what

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What changed

Shares rose 4.3% post-earnings despite no EPS reported; valuation remains attractive with forward P/E 11.1.

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What the market is pricing

Market is pricing optimism supported by strong institutional ownership and recent price momentum despite overbought RSI.

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Fundamental takeaway

Maintain neutral bias; monitor actual EPS and next-quarter guidance for confirmation of growth or risks.

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Next 30–90 days

trending_upBull

49%

Actual EPS beats consensus and next-quarter guidance raises growth outlook, validating valuation discount.

boltReported EPS exceeds $1.22 estimate
boltNext-quarter EPS guidance growth above 8%

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36%

EPS reported near estimate with stable guidance; valuation discount persists but growth remains modest.

boltEPS within ±5% of $1.22 estimate
boltGuidance growth around 7-8%

trending_downBear

15%

EPS misses and guidance cut reveal weaker fundamentals; valuation multiple likely to compress further.

boltEPS below $1.15
boltGuidance growth below 5% or negative

checklist

What to do

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If you hold it

Hold shares unless EPS misses consensus by more than 5% or guidance drops below 5% growth.

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If you're watching

Add only if next-quarter guidance is reiterated or raised; avoid if guidance is cut or geopolitical risk escalates.

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Keep on your radar

Actual EPS release and comparison to $1.22 estimate (expected May 2026)
Next-quarter EPS guidance growth rate
RSI technical level dropping below 70 from overbought zone
Institutional ownership changes or insider activity trends