While analysts estimates have been creeping up as we see more evidence of improvements in the economy, we still believe there is an opportunity for Best Buy to deliver a strong beat this quarter.
Last month, Best Buy reported better than expected quarterly results and this week Intel did the same. We view those both as positive indicators for Microsoft’s upcoming earnings announcement.
A difficult economic environment may have hindered Best Buy's fourth quarter performance, but the company has a great opportunity to increase their market share in the quarters ahead.
