Best Buy is set to round out earnings season This Thursday with their Q4 FY22 earnings report and Investor Update Webcast.

So what can we expect from the electronics giant?

The stock basically traded in a range all of 2021 until November where it traded to its all-time high at $141.97.

Since then the stock is off about -40%, starting with the Q32020 earnings where the stock dropped about -12% that day and has since continued on its path.

Analysts attributed this fall to concerns that investors would pull back on spending and migrate toward travel and entertainment. They could have been correct in that analysis as LikeFolio data matches.

Purchase Intent Mentions are down drastically at -44% YoY.

CEO Corie Barry stated in the prior earnings call this:

"Best Buy reached its fastest shipping times ever for small packages and that same-day delivery rose 400% in the third quarter compared with last year." Plus, she noted, digital sales were more than double pre-pandemic levels, even as customers returned to stores.

This makes sense considering that most were at home and online shopping soared.

LikeFolio data shows that e-commerce mentions are down -12% YOY as well.

If we look at other trends related to e-commerce shopping data on LikeFolio's dashboard we see that related trends are also seeing a decline as well.

Analyst estimates are pointing to EPS at 2.79, the same quarter last year was $3.48. Remember that they beat their prior earnings and still traded lower is something to consider.

Whether or not that has changed is something we’ll have to wait to see this Thursday.