Best Buy (NYSE: BBY) reported earnings yesterday. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 3 (Q4), Best Buy missed estimates on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue expanded slightly and GAAP earnings per share dropped to a loss.

Gross margins increased, operating margins grew, net margins shrank.

Revenue details
Best Buy notched revenue of $16.73 billion. The 21 analysts polled by S&P Capital IQ expected a top line of $17.23 billion on the same basis. GAAP reported sales were 2.3% higher than the prior-year quarter's $16.26 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Non-GAAP EPS came in at $2.47. The 25 earnings estimates compiled by S&P Capital IQ predicted $2.15 per share on the same basis. GAAP EPS were -$4.89 for Q4 against $1.62 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 24.5%, 10 basis points better than the prior-year quarter. Operating margin was 7.9%, 40 basis points better than the prior-year quarter. Net margin was -10.2%, 1,420 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $11.27 billion. On the bottom line, the average EPS estimate is $0.53.

Next year's average estimate for revenue is $50.33 billion. The average EPS estimate is $3.64.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 2,788 members out of 3,411 rating the stock outperform, and 625 members rating it underperform. Among 912 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 762 give Best Buy a green thumbs-up, and 150 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Best Buy is hold, with an average price target of $28.42.

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