Best Buy Co Shares Hit Low For The Day In Last Session Ahead Of Quarterly Report, Last Down 3%

Earnings season continues, with a diverse array of companies set to report their financial results on Tuesday, March 4, 2025. Investors are gearing up for a busy day, with several major players across various sectors taking center stage. Leading the action are retail giants Target (TGT) and Best Buy (NYSE:BBY), e-commerce and digital entertainment powerhouse Sea Limited (NYSE:SE), auto parts retailer AutoZone (NYSE:AZO), and cybersecurity firm CrowdStrike Holdings (NASDAQ:CRWD).

Earnings Before the Open:

• Target (TGT) - EPS: $2.24, Revenue: $30.65B

• Best Buy (BBY) - EPS: $2.39, Revenue: $13.66B

• Sea Limited (SE) - EPS: $0.6297, Revenue: $4.62B

• AutoZone (AZO) - EPS: $29.06, Revenue: $3.98B

• Paysafe (NYSE:PSFE) - EPS: $0.7207, Revenue: $437.42M

• Genius Sports (GENI) - EPS: $0.0139, Revenue: $175.72M

• Olaplex Holdings (NASDAQ:OLPX) - EPS: $0.0071, Revenue: $87.51M

• EVgo (NASDAQ:EVGO) - EPS: -$0.0952, Revenue: $68.98M

• InfuSystem Holdings (INFU) - EPS: $0.085, Revenue: $36.05M

• Angel Oak Mortgage (AOMR) - EPS: $0.2917, Revenue: $9.67M

• Modiv (MDV) - EPS: $0.03, Revenue: $11.55M

• Neuronetics (NASDAQ:STIM) - EPS: -$0.2413, Revenue: $18.97M

• Sophia Genetics (SOPH) - EPS: -$0.206, Revenue: $17.84M

• Compugen (NASDAQ:CGEN) - EPS: $0.02, Revenue: $11.66M

• Esperion Therapeutics (NASDAQ:ESPR) - EPS: -$0.1384, Revenue: $63.45M

• Wave Life Sciences (NASDAQ:WVE) - EPS: -$0.1719, Revenue: $20.72M

• Y-mAbs Therapeutics (YMAB) - EPS: -$0.1165, Revenue: $26.99M

• CPI Card Group (NASDAQ:PMTS (TSX:PMTS)) - EPS: $0.5833, Revenue: $120.23M

• L.B. Foster Company (FSTR) - EPS: $0.385, Revenue: $133.9M

• Hagerty (HGTY) - EPS: $0.01, Revenue: $279.53M

• Amylyx Pharmaceuticals (AMLX) - EPS: -$0.564, Revenue: $0.00

• Nayax (TASE:NYAX) - EPS: $0.033, Revenue: $91.84M

• Continental AG (OTC:CTTAY) - EPS: $0.2636, Revenue: $11.24B

• Bilfinger (BFLBY) - EPS: $0.2792, Revenue: $1.46B

• Ashtead Group (LON:AHT) (ASHTY) - EPS: $3.12, Revenue: $2.66B

• Nedbank Group (NDBKY) - EPS: N/A, Revenue: N/A

• Fresnillo (LON:FRES) (FNLPF (OTC:FNLPF)) - EPS: N/A, Revenue: N/A

Earnings After the Close:

• CrowdStrike Holdings (CRWD) - EPS: $0.8562, Revenue: $1.03B

• Ross Stores (NASDAQ:ROST) - EPS: $1.65, Revenue: $5.94B

• Nordstrom (NYSE:JWN) - EPS: $0.9195, Revenue: $4.27B

• Box (BOX) - EPS: $0.4139, Revenue: $279.47M

• Credo Technology Group (CRDO) - EPS: $0.1776, Revenue: $120.29M

• Sociedad Química y Minera de Chile (SQM) - EPS: $0.5334, Revenue: $1.01B

• Viad (NYSE:PRSU) - EPS: -$1.4, Revenue: $250.8M

• AeroVironment (NASDAQ:AVAV) - EPS: $0.6129, Revenue: $195.62M

• Baytex Energy (NYSE:BTE) - EPS: $0.1284, Revenue: $721.99M

• Stellus Capital Investment (NYSE:SCM) - EPS: $0.3957, Revenue: $26.54M

• Ooma (NYSE:OOMA) - EPS: $0.1443, Revenue: $63.98M

• Latham Group (SWIM) - EPS: -$0.1063, Revenue: $85.17M

• Astronics (NASDAQ:ATRO) - EPS: $0.26, Revenue: $194.91M

• Astronics Class B (ATROB) - EPS: $0.26, Revenue: $194.91M

• Neuropace (NPCE) - EPS: -$0.2471, Revenue: $20.91M

• Cricut (NASDAQ:CRCT) - EPS: $0.0384, Revenue: $231.16M

• Crexendo (NASDAQ:CXDO) - EPS: $0.05, Revenue: $15.64M

• Evolus (NASDAQ:EOLS) - EPS: $0.024, Revenue: $76.96M

• Synalloy (ACNT) - EPS: $0.03, Revenue: $46.4M

• Fuel Tech (NASDAQ:FTEK) - EPS: -$0.02, Revenue: $8.3M

• Gulf Island Fabrication (GIFI) - EPS: $0.12, Revenue: $41M

• Flutter Entertainment (FLUT) - EPS: $2.42, Revenue: $4.04B

• Ingram Micro Holding (INGM) - EPS: N/A, Revenue: N/A

• Cumberland Pharmaceuticals (NASDAQ:CPIX) - EPS: N/A, Revenue: N/A

Stay informed about the latest earnings reports and market insights by checking back daily for updates. You can find real-time results and in-depth analysis at Investing.com’s Earnings Calendar and Headlines sections.

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Investing.com -- Evercore ISI added Best Buy (NYSE:BBY) to its Underperform list while it added Kroger (NYSE:KR) to its outperform one, ahead of the both retailers fourth-quarter earnings report.

Best Buy faces continued market share losses in key categories like TVs and appliances. The brokerage expects Best Buy to guide to slight earnings growth in 2025 but sees pressures persisting, potentially limiting upside for the stock.

Evercore projects Best Buy to post fourth-quarter same-store sales down 1%, slightly better than consensus estimates, but warns that a cautious outlook for 2025 could weigh on shares.

“We believe a guide for slight earnings growth is more likely to push the stock towards $80, which is 13x than breakout towards $100 especially as share pressures persist,” analyst said on Best Buy.

The firm remains concerned about the retailer’s declining competitive position as Walmart (NYSE:WMT), Costco (NASDAQ:COST), Home Depot (NYSE:HD), and Lowe’s (NYSE:LOW) continue to gain share.

Conversely, Evercore highlighted Kroger’s potential for an 8-10% upside move following its earnings report on March 6.

The firm expects strong fourth-quarter results, boosted by the return of Express Scripts (ESI), and sees a favorable full-year guidance outlook.

Evercore believes Kroger’s defensive growth characteristics position it well in a challenging consumer environment, though competition from Walmart and Amazon (NASDAQ:AMZN) remains a key risk.