Why Best Buy (BBY) Stock Is Down Today

NEW YORK (TheStreet) -- Shares of Best Buy Co., Inc. (BBY) are down -5.67% to $24.64 in heavy trading volume two days before it reports its first quarter 2015 earnings before Thursday's market open.

The stock trades just above its 52 week low.

The consensus earnings per share estimate from Thomson Reuters for the quarter is 20 cents versus the annual estimate of $2.20 per share.

Must Read: Warren Buffett's 25 Favorite Growth Stocks

 

The consumer electronics firm is expected to report revenue of $9.20 billion, about a 2% decline from last year's first quarter.

BBY Chart

BBY data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

If you liked this article you might like

If Sears Goes Under, These 3 Retailers Will Be Big Winners: UBS

If Sears Goes Under, These 3 Retailers Will Be Big Winners: UBS

Dr Pepper Snapple Stock Explodes on Deal to Merge With K-Cup King Keurig

Dr Pepper Snapple Stock Explodes on Deal to Merge With K-Cup King Keurig

Jim Cramer: The Surprising Stock Market Winners That Investors Are Chasing

Jim Cramer: The Surprising Stock Market Winners That Investors Are Chasing

Domino's Pizza CEO: Your Pizzas Will Probably Be Delivered by Autonomous Cars

Domino's Pizza CEO: Your Pizzas Will Probably Be Delivered by Autonomous Cars

The Future of Retail Is … Surveillance?

The Future of Retail Is … Surveillance?