Best Buy Stock Has a Lot to Prove on Thursday
We're about to find out if new smartphones can get Best Buy (NYSE: BBY) back on track as a surprising turnaround story. The leading consumer electronics superstore chain reports quarterly results before Thursday's market open.
Things didn't go so well last time out. Best Buy stock tumbled 12% the day it posted its fiscal second-quarter results. The second quarter itself was strong, with revenue and earnings exceeding expectations. However, the market was spooked during the subsequent earnings call as Best Buy warned about margins contracting during the seasonally potent fiscal fourth quarter. We'll get a bit more visibility on that front this week, but the moral of the story is that looking back isn't enough in assessing a financial report.
Image source: Best Buy.
Source: Fool.com
Best Buy Co. Aktie
Leichte Kaufneigung bei Best Buy Co., mit mehr Buy- als Sell-Einschätzungen.
Mit einem Kursziel von 92 € für Best Buy Co. könnte eine leichte Steigerung gegenüber dem aktuellen Kurs von 88.32 € erreicht werden.
