Best Buy Co., Inc. (BBY) earnings on May 28, 2026
More Best Buy Co., Inc. earnings
Prior outlook: No statistical edge
Best Buy stock jumped after its sales and earnings beat expectations. The company also confirmed its future financial outlook, leading to a strong rise in its share price.
BBY price around the earnings
74.65
Change: +15.9%
2026-05-28, 23:59 UTC
- Price: green if it ends above the starting price; red if it ends below
- Start of the measured window
- End of the measured window
- Market open
- Starting price
Prior thesis
Prior outlook: No statistical edge
- Thesis published
Strong earnings beat, guidance affirmed; analysts cautious.
The company exceeded expectations for both earnings and sales in Q1, and reaffirmed its full-year outlook. This positive news follows a period of analyst downgrades and a recent stock price increase.
Context analyzed before publication
- Summary
- The price bounced from oversold, but the scenario suggests caution.
- Reasoning
- The stock is showing a slight recovery from oversold conditions, despite analysts cutting price targets and negative momentum. While recent performance has improved, the scenario remains cautious due to mixed contexts.
- Playbook
- Given the mixed contexts and analyst concerns, the scenario suggests waiting for clearer positive trends or a more significant price target increase.
- Trend
- Improved from deeply pessimistic to mildly optimistic.
Analysts
Drivers
-
Analysts
Negative
Most analysts rate the stock as a hold, and some have recently lowered their price targets. This indicates a lack of strong conviction from analysts about an optimistic scenario.
Evidence
- Analyst consensus
- Hold
- Consensus average (1-5)
- 2.54
- Analysts covering the stock
- 20
- Average price target
- 71.55
- Lowest price target
- 59
- Highest price target
- 90
- Upside to price target
- 17.3%
- Quarterly earnings growth
- 362.4%
- Revenue growth
- -1%
- Forward EPS
- 7
- Trailing EPS
- 5.04
- Analyst moves in the last 60 days
- 3
- Strong buy: 0
- Buy: 7
- Hold: 15
- Sell: 1
- Strong sell: 1
- Strong buy
- 0
- Buy
- 7
- Hold
- 15
- Sell
- 1
- Strong sell
- 1
- May 14, 2026 · Wells Fargo: Maintains rating (Equal-Weight → Equal-Weight)
- May 12, 2026 · Citigroup: Maintains rating (Neutral → Neutral)
- April 14, 2026 · Evercore ISI Group: Maintains rating (In-Line → In-Line)
News and sentiment
Drivers
-
News & sentiment
Neutral
Investor sentiment on social media platforms is currently neutral. The recent news primarily consists of analyst rating changes rather than new positive developments.
Evidence
Sentiment
- Sentiment
- Neutral
- Mention volume
- Low
- Normalized volume
- 33%
News
Sources (4)
- Wells Fargo Maintains Equal-Weight on Best Buy Co, Lowers Price Target to $60 — Benzinga
- Citigroup Maintains Neutral on Best Buy Co, Lowers Price Target to $60 — Benzinga
- What's Going On With Best Buy Stock Today? — Benzinga
- Best Buy Appoints Jason Bonfig As CEO, Effective At End Of Q3 — Benzinga
Technicals
Drivers
-
Technical
Negative
While short-term momentum has slightly improved, the medium-term trend is still negative. The stock is also approaching a resistance level, which could limit a more optimistic scenario.
Evidence
- Average true range (ATR)
- 2.9%
- Distance to 52-week high
- -28.3%
- 14-day change (14d)
- +0.7%
- 30-day change (30d)
- -5.6%
- 30-day relative strength
- -5.6%
- Benchmark change (0d)
- +0.0%
- Nearest support
- 59.69
- Nearest resistance
- 60.93
- Volume accumulation ratio (14d / 46d)
- 0.94
Trends
Evidence
- Average earnings surprise
- +5.5%
- March 3, 2026: actual EPS 2.61 vs estimate 2.47 (surprise +5.8%)
- November 25, 2025: actual EPS 1.4 vs estimate 1.31 (surprise +6.7%)
- August 28, 2025: actual EPS 1.28 vs estimate 1.22 (surprise +4.5%)
- May 29, 2025: actual EPS 1.15 vs estimate 1.1 (surprise +5.0%)
Expected move
Drivers
-
Past earnings
Positive
The company has consistently exceeded earnings expectations in recent quarters. This track record suggests strong operational execution which could support future performance.
There is no implied-move data available for this event.
Reactions over its last 19 earnings
- Median move
- 5.2%
- 75th percentile move
- 10.7%
- 90th percentile move
- 13.3%
- Up / down moves
- 12 / 7
- Average up move
- +6.8%
- Average down move
- -6.3%
Monitoring and close
What Best Buy Co., Inc. reported
There is no monitoring data available for this event.
Pre-market second reading after the results
There is no second reading available for this event.
How the stock reacted
- Consolidated
- +16.7%
- Max move
- +19.7%
No verdict: the outlook took no direction, so there is nothing to score as a hit or a miss.