Analysts on Wall Street project that Best Buy (BBY) will announce quarterly earnings of $1.35 per share in its forthcoming report, representing an increase of 5.5% year over year. Revenues are projected to reach $9.52 billion, increasing 0.8% from the same quarter last year.

The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.

Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.

While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.

With that in mind, let's delve into the average projections of some Best Buy metrics that are commonly tracked and projected by analysts on Wall Street.

Analysts predict that the 'Geographic Revenue- Domestic' will reach $8.76 billion. The estimate indicates a year-over-year change of +0.7%.

Analysts' assessment points toward 'Geographic Revenue- International' reaching $754.54 million. The estimate suggests a change of +2% year over year.

It is projected by analysts that the 'Comparable store sales - International - YoY change' will reach 0.8%. The estimate compares to the year-ago value of 7.6%.

The collective assessment of analysts points to an estimated 'Number of stores - Total' of 1,067 . Compared to the present estimate, the company reported 1,105 in the same quarter last year.

Based on the collective assessment of analysts, 'Number of stores - Domestic - Total' should arrive at 925 . The estimate compares to the year-ago value of 949 .

The average prediction of analysts places 'Number of stores - International - Total' at 141 . Compared to the current estimate, the company reported 156 in the same quarter of the previous year.

The consensus among analysts is that 'Retail square footage - International - Total' will reach 4 millions of square feet. The estimate is in contrast to the year-ago figure of 4 millions of square feet.

Analysts expect 'Retail square footage - Total' to come in at 39 millions of square feet. Compared to the present estimate, the company reported 40 millions of square feet in the same quarter last year.

The consensus estimate for 'Retail square footage - Domestic - Total' stands at 36 millions of square feet. Compared to the current estimate, the company reported 36 millions of square feet in the same quarter of the previous year.

Analysts forecast 'Number of stores - International - Canada Best Buy Mobile Stand-Alone Stores' to reach 12 . The estimate compares to the year-ago value of 28 .

According to the collective judgment of analysts, 'Number of stores - International - Canada Best Buy Stores' should come in at 129 . The estimate compares to the year-ago value of 128 .

The combined assessment of analysts suggests that 'Number of stores - Domestic - Pacific Sales' will likely reach 20 . The estimate is in contrast to the year-ago figure of 20 .

View all Key Company Metrics for Best Buy here>>>

Over the past month, Best Buy shares have recorded returns of +0.5% versus the Zacks S&P 500 composite's +2.3% change. Based on its Zacks Rank #3 (Hold), BBY will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

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