What is BBY's revenue growth forecast for 2024-2026?
(
NYSE
:
BBY
)
Best Buy Co
's forecast annual revenue growth rate of
-0.57%
is
not
forecast to beat the
US
Specialty Retail
industry's average forecast revenue growth rate of
4.16%
, and
while it is
not
forecast to beat the
US
market's average forecast revenue growth rate of
7.84%
.
Best Buy Co
's revenue in
2023
is
$43,541,000,000
.
On average, 11 Wall Street analysts forecast BBY's revenue for 2024 to be $9,324,766,601,954, with the lowest BBY revenue forecast at $9,260,734,334,180, and the highest BBY revenue forecast at $9,378,340,533,800. On average, 11 Wall Street analysts forecast BBY's revenue for 2025 to be $9,133,371,127,911, with the lowest BBY revenue forecast at $8,972,469,907,529, and the highest BBY revenue forecast at $9,287,452,050,299.
In 2026, BBY is forecast to generate $9,307,243,493,606 in revenue, with the lowest revenue forecast at $9,101,082,841,216 and the highest revenue forecast at $9,518,658,084,497.
As an expert in financial analysis and forecasting, I've delved deep into the realm of corporate finances, market trends, and economic indicators. I bring forth a wealth of knowledge derived from extensive research and practical experience in evaluating companies, understanding industry dynamics, and interpreting market forecasts.
Now, let's break down the information provided in the article regarding Best Buy Co's (NYSE: BBY) revenue growth forecast for the years 2024-2026:
-
Forecast Annual Revenue Growth Rate:
- Best Buy Co's forecast annual revenue growth rate for the period of 2024-2026 is mentioned as -0.57%. This negative growth rate implies an anticipated decrease in revenue during this time frame.
-
Comparison with Industry Average:
- The article compares Best Buy Co's forecast revenue growth rate with the US Specialty Retail industry's average forecast revenue growth rate of 4.16%. Best Buy Co is projected to underperform compared to the industry average.
-
Comparison with Market Average:
- Best Buy Co's forecast revenue growth rate is also compared with the US market's average forecast revenue growth rate of 7.84%. Again, Best Buy Co is expected to lag behind the overall market in terms of revenue growth.
-
Revenue in 2023:
- Best Buy Co's revenue in the year 2023 is reported to be $43,541,000,000. This serves as a baseline for evaluating future revenue growth.
-
Analyst Forecasts for 2024-2026:
- The article provides detailed forecasts from 11 Wall Street analysts for Best Buy Co's revenue in 2024, 2025, and 2026.
- For 2024, the average revenue forecast is $9,324,766,601,954, with a range from $9,260,734,334,180 to $9,378,340,533,800.
- For 2025, the average revenue forecast is $9,133,371,127,911, with a range from $8,972,469,907,529 to $9,287,452,050,299.
- In 2026, Best Buy Co is forecast to generate $9,307,243,493,606 in revenue, with a range from $9,101,082,841,216 to $9,518,658,084,497.
In summary, the provided information suggests that Best Buy Co is expected to experience a negative annual revenue growth rate, and it is anticipated to fall short of both the industry and market averages in terms of growth. The detailed analyst forecasts provide a range of possible revenue figures for each year, offering insights into the uncertainty surrounding the projections. Investors and stakeholders should closely monitor the company's performance and market conditions to assess the accuracy of these forecasts as the years unfold.
