Best Buy Beats Q4 EPS by 5.7%, Sets Fiscal 2027 Guidance of $6.30–$6.60
Best Buy’s Q4 earnings of $2.61 per share topped estimates by $0.14 while revenue reached $13.81 billion, slightly below forecasts. Management issued fiscal 2027 EPS guidance of $6.30–$6.60 and highlighted initiatives like expanded advertising, marketplace growth and expected tax refund season support.
1. Q4 Earnings Results
Best Buy delivered fourth-quarter earnings of $2.61 per share, beating the $2.47 consensus by $0.14. Revenue totaled $13.81 billion, marginally under the $13.88 billion estimate and down $134 million year-over-year.
2. Fiscal 2027 Guidance and Initiatives
Management forecast fiscal 2027 EPS between $6.30 and $6.60, slightly below analyst consensus. To bolster that outlook, the company cited growing advertising and marketplace segments alongside anticipated benefits from the upcoming tax refund season.
3. Piper Sandler Outlook
Piper Sandler cut its price target to $68 from $71 while retaining a Neutral rating. The firm noted that tax refund–driven sales and the company’s margin support from advertising and marketplace initiatives could sustain momentum despite rising memory-chip costs.
4. Analyst Price Target Movements
Citigroup kept a Neutral rating and raised its target to $69, Evercore ISI lifted its in-line target to $75, and Goldman Sachs maintained a Buy stance with a reduced $76 target. BNP Paribas and Morgan Stanley held Neutral and Equal-Weight ratings, adjusting their targets to $74 and $72 respectively.