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Anticipation builds for Best Buy's Q2 earnings report as Wall Street's top analysts adjust their forecasts.

ResultsRead the original at benzinga.com
Neutral

Upcoming Q2 results create uncertainty: consensus shows modest y/y growth and recent Q1 strength, but widespread Neutral analyst stances and mixed signals leave the net effect unclear.

BBY · Best Buy Co., Inc.

AI read · Neutral

The AI's read

Best Buy prints Q2 earnings tomorrow; consensus expects modest y/y growth (EPS $1.38, revenue $9.59B) and the company posted a better-than-expected Q1, which are constructive signals. However, most named analysts left ratings Neutral/Equal-Weight, with only a few upgrades and target increases. Given the mix of modest positive estimates and largely cautious analyst stances, the net effect is unclear until the actual Q2 results arrive.

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