• Best Buy Co Inc BBY.N reported quarterly adjusted earnings of $1.28​​ per share for the quarter ended July 31, lower than the same quarter last year, when the company reported EPS of $1.34. The mean expectation of twenty two analysts for the quarter was for earnings of $1.21 per share. Wall Street expected results to range from $1.16 to $1.26 per share.

• Revenue rose 1.6% to $9.44 billion from a year ago; analysts expected $9.24 billion.

• Best Buy Co Inc's reported EPS for the quarter was 87 cents​.

• The company reported quarterly net income of $186 million.

• Best Buy Co Inc shares had risen by 12.4% this quarter and lost 12.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.7% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 8 "strong buy" or "buy," 19 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the computer & electronics retailers peer group is "buy."

• Wall Street's median 12-month price target for Best Buy Co Inc is $75.00, about 0.6% below its last closing price of $75.45

This summary was machine generated from LSEG data August 28 at 01:32 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)