Gamestop Corporation (GME) to Release Earnings on Tuesday
Gamestop Corporation (NYSE:GME) will be releasing its earnings data after the market closes on Tuesday, November 21st. Analysts expect Gamestop Corporation to post earnings of $0.44 per share for the quarter. Gamestop Corporation has set its FY18 guidance at $3.10-3.40 EPS.
Gamestop Corporation (NYSE:GME) last released its earnings results on Thursday, August 24th. The company reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.01). The company had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Gamestop Corporation had a net margin of 3.90% and a return on equity of 16.66%. The firm’s revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.27 earnings per share. On average, analysts expect Gamestop Corporation to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Gamestop Corporation (GME) opened at $16.20 on Tuesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.34 and a quick ratio of 0.49. The firm has a market cap of $1,664.48, a PE ratio of 4.50, a price-to-earnings-growth ratio of 0.33 and a beta of 1.24. Gamestop Corporation has a 52 week low of $15.91 and a 52 week high of $26.84.
A number of analysts recently commented on GME shares. Loop Capital restated a “buy” rating and set a $28.00 price target on shares of Gamestop Corporation in a research note on Wednesday, August 23rd. SunTrust Banks, Inc. restated a “buy” rating and set a $25.00 price target on shares of Gamestop Corporation in a research note on Tuesday, October 17th. ValuEngine upgraded shares of Gamestop Corporation from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Robert W. Baird restated a “buy” rating and set a $24.00 price target on shares of Gamestop Corporation in a research note on Tuesday, September 26th. Finally, Zacks Investment Research upgraded shares of Gamestop Corporation from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research note on Wednesday, October 25th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $25.24.
About Gamestop Corporation
GameStop Corp. is an omnichannel video game retailer. The Company sells video game hardware, physical and digital video game software, video game accessories, as well as mobile and consumer electronics products and other merchandise through its GameStop, EB Games and Micromania stores. It operates its business in five segments, which consists of four Video Game Brands segments: United States, Canada, Australia and Europe, and Technology Brands segment.
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