Best Buy Earnings Preview: Get Ahead of the Analysts

Best Buy Co. (NYSE:BBY) will report earnings before markets open on Tuesday, May 21st. Best Buy Co., Inc. retails consumer electronics, home office products, entertainment software, appliances and related services through its retail stores, as well as its web site. The Company also retails pre-recorded home entertainment products through retail stores.

Here is your Cheat Sheet to Best Buy Co. Earnings:

Earnings Expectations: Analysts expect earnings of $0.25 per share on revenues of $10.65 billion.

Analyst Trends:

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.13 to a profit $0.11. For the current year, the average estimate is a profit of $2.18, which is better than the estimate ninety days ago.

Earnings Trends:

Here’s how Best Buy Co. has been performing on an annual basis:

Fiscal Year 2009 2010 2011 2012 2013
Revenue ($) in millions 45,020 49,690 49,750 50,700 49,620
Diluted EPS ($) 2.39 3.10 3.08 -3.36 -0.73

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Feb. 29, 2012 Apr. 30, 2012 Jul. 31, 2012 Oct. 31, 2012 Jan. 31, 2013
Revenue ($) in millions 16,320 11,610 10,550 10,750 16,710
Diluted EPS ($) -4.909 0.46 0.04 -0.03 -1.21

Past Performance:
Best Buy Co. has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)