Zacks Raises Best Buy's EPS Estimate to $1.31

Summary

Zacks Research has raised its Q3 2026 EPS estimate for Best Buy (NYSE:BBY) to $1.31, up from $1.30. The consensus for the full-year earnings is $6.18 per share. Best Buy’s recent earnings report showed $1.28 EPS, exceeding estimates. The company also announced a quarterly dividend of $0.95 per share, with a yield of 5.2%. Insider trading activity included significant share sales by Chairman Richard M. Schulze and CAO Mathew Watson. Best Buy’s stock currently has a hold rating from analysts, with a target price of $82.59.Market Beat

Impact Analysis

So basically, Zacks nudging Best Buy’s EPS estimate up by a mere cent to $1.31 feels more like a symbolic gesture than a game-changer. The real story here is the insider selling by key figures like Chairman Schulze and CAO Watson, which could hint at their lack of confidence in the stock’s near-term prospects despite the positive earnings surprise.Market Beat+ 2 The hold rating and target price of $82.59 suggest analysts are cautious, possibly due to ongoing tariff uncertainties and the stock’s year-to-date decline.Market Beat The dividend yield of 5.2% is attractive, but it might not be enough to offset potential downside risks. Everyone’s focused on the EPS bump, but the insider activity and cautious analyst stance are the real tells. I’d watch for any shifts in consumer electronics demand or tariff impacts that could further influence Best Buy’s trajectory.