Best Buy (BBY) is set for solid Q4 earnings March 4, but its 2025 guidance could be soft, Wedbush said in a Monday note.
"We expect a good quarter on the back of a favorable holiday shopping season and conservative guidance," the report said.
"But we expect soft 2025 guidance given macro uncertainties and high exposure to tariffs, and despite a building consumer electronics replacement and innovation cycle," it added.
Wedbush forecast Q4 earnings per share of $2.39, compared with consensus estimate of $2.40. It expects net sales of $13.7 billion, in-line with consensus estimates.
Wedbush has a neutral rating with a price target of $90.
Price: 89.31, Change: -0.60, Percent Change: -0.67
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