GameStop Corp. (GME) to Release Earnings on Thursday
GameStop Corp. (NYSE:GME) will be posting its quarterly earnings results on Thursday, May 22nd. GameStop Corp. has set its Q1 guidance at $0.55-0.60 EPS and its FY15 guidance at $3.40-3.70 EPS.Parties that wish to register for the company’s conference call can do so using this link.
GameStop Corp. (NYSE:GME) last announced its earnings results on Thursday, March 27th. The company reported $1.90 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.93 by $0.03. The company had revenue of $3.68 billion for the quarter, compared to the consensus estimate of $3.79 billion. During the same quarter in the prior year, the company posted $2.16 earnings per share. The company’s quarterly revenue was up 3.4% on a year-over-year basis. On average, analysts expect GameStop Corp. to post $3.68 EPS for the current fiscal year and $4.39 EPS for the next fiscal year.
GameStop Corp. (NYSE:GME) opened at 36.43 on Wednesday. GameStop Corp. has a 52 week low of $30.94 and a 52 week high of $57.74. The stock’s 50-day moving average is $39.80 and its 200-day moving average is $42.31. The company has a market cap of $4.201 billion and a price-to-earnings ratio of 12.37.
A number of analysts have recently weighed in on GME shares. Analysts at BofA Merrill Lynch upgraded shares of GameStop Corp. from a “neutral” rating to a “buy” rating in a research note on Sunday, April 6th. They now have a $56.00 price target on the stock, up previously from $43.00. On the ratings front, analysts at Bank of America upgraded shares of GameStop Corp. from a “neutral” rating to a “buy” rating in a research note on Friday, April 4th. They now have a $56.00 price target on the stock, up previously from $43.00. Finally, analysts at Benchmark Co. raised their price target on shares of GameStop Corp. from $31.73 to $39.08 in a research note on Wednesday, April 2nd. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $50.75.
GameStop Corp. (NYSE:GME) is a holding company.
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