Best Buy Co Stock Net Income

BBY Stock  USD 77.13  0.89  1.14%   
Best Buy Co fundamentals help investors to digest information that contributes to Best Buy's financial success or failures. It also enables traders to predict the movement of Best Stock. The fundamental analysis module provides a way to measure Best Buy's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Best Buy stock.
At this time, Best Buy's Net Income Applicable To Common Shares is fairly stable compared to the past year. Net Income From Continuing Ops is likely to rise to about 1.9 B in 2024, whereas Net Income is likely to drop slightly above 821.8 M in 2024.
  
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Best Net Income Analysis

Best Buy's Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.

Best Buy Net Income

685.52 Million

Net Income

 = 

(Rev + Gain)

-

(Exp + Loss)

More About Net Income | All Equity Analysis

Current Best Buy Net Income

    
  1.24 B  
Most of Best Buy's fundamental indicators, such as Net Income, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Best Buy Co is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
Competition

Best Accumulated Other Comprehensive Income

Accumulated Other Comprehensive Income

332.85 Million

At this time, Best Buy's Accumulated Other Comprehensive Income is fairly stable compared to the past year.
Based on the recorded statements, Best Buy Co reported net income of 1.24 B. This is 143.02% higher than that of the Specialty Retail sector and 45.07% higher than that of the Consumer Discretionary industry. The net income for all United States stocks is 117.35% lower than that of the firm.

Best Net Income Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Best Buy's direct or indirect competition against its Net Income to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Best Buy could also be used in its relative valuation, which is a method of valuing Best Buy by comparing valuation metrics of similar companies.
Best Buy is currently under evaluation in net income category among related companies.

Best Buy ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Best Buy's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Best Buy's managers, analysts, and investors.
Environment Score
Governance Score
Social Score

Best Buy Institutional Holders

Institutional Holdings refers to the ownership stake in Best Buy that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Best Buy's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Best Buy's value.
Shares
Dimensional Fund Advisors, Inc.2023-12-31
2.8 M
Federated Hermes Inc2023-12-31
2.8 M
Northern Trust Corp2023-12-31
2.6 M
Raymond James & Associates2023-12-31
2.6 M
Ubs Asset Mgmt Americas Inc2023-12-31
2.1 M
Legal & General Group Plc2023-12-31
2.1 M
Norges Bank2023-12-31
2.1 M
Bank Of New York Mellon Corp2023-12-31
1.9 M
Pacer Advisors, Inc.2023-12-31
1.8 M
Blackrock Inc2023-12-31
23.3 M
Vanguard Group Inc2023-12-31
23.1 M

Best Fundamentals

About Best Buy Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Best Buy Co's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Best Buy using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Best Buy Co based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Last ReportedProjected for 2024
Net Income1.2 B821.8 M
Net Income Applicable To Common Shares1.6 B1.7 B
Net Income From Continuing Ops1.6 B1.9 B
Net Income Per E B T 0.77  0.58 

Pair Trading with Best Buy

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Best Buy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Best Buy will appreciate offsetting losses from the drop in the long position's value.

Moving together with Best Stock

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The ability to find closely correlated positions to Best Buy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Best Buy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Best Buy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Best Buy Co to buy it.
The correlation of Best Buy is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Best Buy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Best Buy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Best Buy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Best Buy offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Best Buy's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Best Buy Co Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Best Buy Co Stock:
Check out Best Buy Piotroski F Score and Best Buy Altman Z Score analysis.
Note that the Best Buy information on this page should be used as a complementary analysis to other Best Buy's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.

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When running Best Buy's price analysis, check to measure Best Buy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Best Buy is operating at the current time. Most of Best Buy's value examination focuses on studying past and present price action to predict the probability of Best Buy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Best Buy's price. Additionally, you may evaluate how the addition of Best Buy to your portfolios can decrease your overall portfolio volatility.
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Is Best Buy's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Best Buy. If investors know Best will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Best Buy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.05)
Dividend Share
3.68
Earnings Share
5.68
Revenue Per Share
199.596
Quarterly Revenue Growth
(0.01)
The market value of Best Buy is measured differently than its book value, which is the value of Best that is recorded on the company's balance sheet. Investors also form their own opinion of Best Buy's value that differs from its market value or its book value, called intrinsic value, which is Best Buy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Best Buy's market value can be influenced by many factors that don't directly affect Best Buy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Best Buy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Best Buy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Best Buy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.