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
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。