Best Buy stock reports strong quarter as ratings turn cautious
Published on 10/04/2026 at 10:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Best Buy stock (ISIN US0865161014) was last at USD 87.97 on the NYSE on October 2, 2026 at 4:00 p.m. ET, up 0.31 percent for the session. The retailer's latest quarter delivered adjusted EPS of USD 1.47 against a USD 1.39 consensus and revenue of USD 9.78 billion, according to MarketBeat on October 3, 2026.
Quarterly beat supports guidance
The EPS result exceeded consensus by USD 0.08, while revenue increased 3.6 percent from the prior-year quarter, giving the current earnings story a measurable operating base. Best Buy also set fiscal 2027 adjusted EPS guidance at USD 6.70-6.90, versus the latest quarter's USD 1.47 adjusted EPS, as MarketBeat reported on October 3, 2026.
The cash profile adds a second dimension. 24/7 Wall St. reported on October 3, 2026, that Best Buy produced USD 1.26 billion of free cash flow in fiscal year 2026 against USD 801 million in dividends, while first-half fiscal 2027 operating cash flow less capital spending reached USD 952 million against USD 405 million paid out.
Ratings now temper the earnings beat
The market's valuation signal is more cautious than the operating figures. MarketBeat reported on October 3, 2026, that Wall Street Zen downgraded Best Buy from Buy to Hold and cited an average target of USD 85.65. That target sits USD 2.32 below the October 2 price, a gap of 2.64 percent, so the earnings beat has not translated into a higher consensus valuation.
Investing.com listed a USD 86.95 average 12-month target from 20 analysts on September 29, 2026, compared with a USD 71.00 low and USD 100.00 high. The range puts analyst expectations below and above the current quote, leaving guidance execution and demand for computers and appliances as the central checkpoints.
Best Buy stock stays inside its yearly range
Best Buy stock was last at USD 87.97 on the NYSE on October 2, 2026 at 4:00 p.m. ET. The session range was USD 87.42 to USD 88.99, the 52-week range was USD 55.10 to USD 96.53, market capitalization was USD 18.5 billion, and volume was 2,184,871 shares.
Best Buy stock snapshot
- Company: Best Buy Co., Inc.
- ISIN: US0865161014
- Ticker: BBY
- Trading venue: NYSE
- Price (as of October 2, 2026, 4:00 p.m. ET): USD 87.97
- Market capitalization: USD 18.5 billion (as of October 2, 2026)
- 52-week range: USD 55.10-96.53 (as of October 2, 2026)
- Sector / Industry: Consumer Discretionary / specialty technology retail
