BBY has earnings Tuesday November 24, 2020 AMC. BBY has a very healthy balance sheet with only 1B in debt and 5B in cash. Last quarter BBY experienced online sales growth of 242% yoy. Expecting this trend to continue higher on earnings here with significant consumer purchases for home offices. We believe this quarter will also pose a higher retail growth due to more and more states opening up from lockdown. BBY is also undervalued relative to peers on a EV/EBITDA multiple basis posting a NTM 8.5x while the comps average is around 11.5x.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.