Benzinga | Nov 22, 2021 10:21AM EST

Earnings Preview: Best Buy Co

Best Buy Co (NYSE:BBY) is set to give its latest quarterly earnings report on Tuesday, 2021-11-23. Here's what investors need to know before the announcement.

Analysts estimate that Best Buy Co will likely report an Earnings Per Share (EPS) of $1.91.

Best Buy Co bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Historical Earnings Performance

Last quarter the company beat EPS by $1.13, which was followed by a 0.33% increase in the share price the next day.

Here's a look at Best Buy Co's past performance and the resulting price change:

Quarter Q2 2022 Q1 2022 Q4 2021 Q3 2021EPS Estimate 1.85 1.37 3.45 1.70EPS Actual 2.98 2.23 3.48 2.06Price Change % 0.33% -1.61% -2.52% 0.32%

Stock Performance

Shares of Best Buy Co were trading at $136.13 as of November 19. Over the last 52-week period, shares are up 23.68%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

To track all upcoming earnings announcements, click here to use Benzinga Earnings Calendar.