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Benzinga
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Best Buy Gears Up For Q2 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

1. BBY's earnings report is expected on Aug. 28, with lower projections. 2. Expected earnings are $1.22 per share, down from $1.34 last year. 3. Projected revenue is $9.23 billion, slightly below $9.29 billion last year. 4. Analysts' ratings show mixed opinions on BBY’s stock performance. 5. BBY shares rose 2.4% to $75.45 before the earnings announcement.

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FAQ

Why Bearish?

Expectations for lower earnings could depress stock prices, similar to past trends where earnings misses hurt valuations.

How important is it?

The upcoming earnings report and analyst ratings significantly influence investor sentiment towards BBY.

Why Short Term?

The immediate earnings report can lead to quick investor reactions affecting stock price temporarily.

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