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Best Buy Earning Before Interest and Taxes EBIT vs Weighted Average Shares Analysis

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BBY -- USA Stock  

Earning Report: February 27, 2020  

Best Buy financial indicator trend analysis is way more than just evaluating Best Buy prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Best Buy is a good investment. Please check the relationship between Best Buy Earning Before Interest and Taxes EBIT and its Weighted Average Shares accounts. Continue to Trending Equities.

Earning Before Interest and Taxes EBIT vs Weighted Average Shares

Accounts Relationship

Earning Before Interest and Taxes EBIT vs Weighted Average Shares

Significance: Pay attention

Earning Before Interest and Taxes EBIT diversification synergy
Overlapping area represents amount of trend that can be explained by analyzing historical patterns of Best Buy Earning Before Interest and Taxes EBIT account and Weighted Average Shares

Correlation Coefficient

-0.89
Relationship DirectionNegative 
Relationship StrengthSignificant

Earning Before Interest and Taxes EBIT

Earnings Before Interest and Tax is calculated by adding [TaxExp] and [IntExp] back to [NetInc].

Weighted Average Shares

The weighted average number of shares or units issued and outstanding that are used by the company to calculate Earnings per Basic Share; determined based on the timing of issuance of shares or units in the period.