Q2 2019 EPS Estimates for GameStop Corp. Lowered by Analyst (GME)

GameStop Corp. (NYSE:GME) – Equities researchers at Wedbush dropped their Q2 2019 earnings estimates for shares of GameStop in a note issued to investors on Tuesday. Wedbush analyst M. Pachter now expects that the company will post earnings per share of $0.15 for the quarter, down from their previous forecast of $0.16. Wedbush has a “Buy” rating and a $25.00 price target on the stock. Wedbush also issued estimates for GameStop’s Q4 2019 earnings at $2.48 EPS and FY2019 earnings at $3.78 EPS.

GameStop (NYSE:GME) last posted its earnings results on Tuesday, November 21st. The company reported $0.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.11. GameStop had a return on equity of 16.50% and a net margin of 3.98%. The firm had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same period in the previous year, the firm earned $0.49 earnings per share. The business’s revenue was up 1.5% compared to the same quarter last year.

Other equities analysts have also recently issued reports about the company. Zacks Investment Research raised GameStop from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research note on Wednesday, October 25th. SunTrust Banks reissued a “buy” rating and set a $25.00 target price on shares of GameStop in a research note on Tuesday, October 17th. ValuEngine raised GameStop from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Robert W. Baird reissued a “buy” rating and set a $24.00 target price on shares of GameStop in a research note on Tuesday, September 26th. Finally, Loop Capital reissued a “buy” rating and set a $28.00 target price on shares of GameStop in a research note on Wednesday, November 22nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $22.42.

GameStop (NYSE GME) traded up $0.36 on Thursday, hitting $17.86. The stock had a trading volume of 4,265,093 shares, compared to its average volume of 4,983,458. The company has a quick ratio of 0.38, a current ratio of 1.20 and a debt-to-equity ratio of 0.35. GameStop has a 52-week low of $15.85 and a 52-week high of $26.68. The stock has a market capitalization of $1,810.00, a PE ratio of 5.22, a PEG ratio of 0.35 and a beta of 1.26.

A number of hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP grew its stake in GameStop by 0.4% in the third quarter. Dimensional Fund Advisors LP now owns 8,536,127 shares of the company’s stock worth $176,357,000 after purchasing an additional 34,512 shares during the period. State Street Corp grew its stake in GameStop by 1.6% in the second quarter. State Street Corp now owns 3,020,149 shares of the company’s stock worth $65,265,000 after purchasing an additional 46,169 shares during the period. Numeric Investors LLC purchased a new stake in GameStop in the second quarter worth $34,679,000. Towle & Co. grew its stake in GameStop by 26.2% in the third quarter. Towle & Co. now owns 1,491,360 shares of the company’s stock worth $30,811,000 after purchasing an additional 309,790 shares during the period. Finally, TIAA CREF Investment Management LLC grew its stake in GameStop by 5.4% in the second quarter. TIAA CREF Investment Management LLC now owns 1,036,472 shares of the company’s stock worth $22,398,000 after purchasing an additional 52,750 shares during the period.

In related news, Director Stephanie M. Shern sold 4,000 shares of the company’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $17.91, for a total value of $71,640.00. Following the sale, the director now directly owns 13,474 shares of the company’s stock, valued at $241,319.34. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.80% of the stock is owned by corporate insiders.

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About GameStop

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.

Earnings History and Estimates for GameStop (NYSE:GME)

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