GameStop Corp. (GME) Expected to Post Earnings of $1.99 Per Share

Brokerages expect that GameStop Corp. (NYSE:GME) will announce earnings of $1.99 per share for the current quarter, Zacks reports. Three analysts have made estimates for GameStop’s earnings, with the highest EPS estimate coming in at $2.03 and the lowest estimate coming in at $1.93. GameStop reported earnings of $2.38 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 16.4%. The business is expected to report its next quarterly earnings results on Thursday, March 22nd.

On average, analysts expect that GameStop will report full year earnings of $3.29 per share for the current year, with EPS estimates ranging from $3.24 to $3.35. For the next year, analysts forecast that the business will post earnings of $3.40 per share, with EPS estimates ranging from $3.10 to $3.78. Zacks’ EPS averages are an average based on a survey of research analysts that cover GameStop.

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

A number of research firms have commented on GME. Loop Capital set a $26.00 target price on shares of GameStop and gave the stock a “buy” rating in a research report on Friday, January 12th. ValuEngine raised shares of GameStop from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Credit Suisse Group set a $20.00 target price on shares of GameStop and gave the stock a “hold” rating in a research report on Saturday, November 25th. Robert W. Baird reaffirmed a “buy” rating and issued a $23.00 target price on shares of GameStop in a research report on Wednesday, November 22nd. Finally, Bank of America reaffirmed a “hold” rating and issued a $23.00 target price on shares of GameStop in a research report on Wednesday, November 22nd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $22.42.

In other news, Director Stephanie M. Shern sold 4,000 shares of the business’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $17.91, for a total transaction of $71,640.00. Following the completion of the sale, the director now owns 13,474 shares of the company’s stock, valued at approximately $241,319.34. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 2.80% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP grew its position in shares of GameStop by 0.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 8,536,127 shares of the company’s stock valued at $176,357,000 after acquiring an additional 34,512 shares during the period. State Street Corp lifted its stake in shares of GameStop by 1.6% during the 2nd quarter. State Street Corp now owns 3,020,149 shares of the company’s stock valued at $65,265,000 after buying an additional 46,169 shares in the last quarter. Numeric Investors LLC purchased a new position in shares of GameStop during the 2nd quarter valued at $34,679,000. Towle & Co. lifted its stake in shares of GameStop by 26.2% during the 3rd quarter. Towle & Co. now owns 1,491,360 shares of the company’s stock valued at $30,811,000 after buying an additional 309,790 shares in the last quarter. Finally, TIAA CREF Investment Management LLC lifted its stake in shares of GameStop by 5.4% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 1,036,472 shares of the company’s stock valued at $22,398,000 after buying an additional 52,750 shares in the last quarter.

GameStop (NYSE:GME) traded up $0.27 during trading hours on Monday, reaching $18.13. 3,193,900 shares of the company’s stock were exchanged, compared to its average volume of 4,845,854. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.38 and a current ratio of 1.20. GameStop has a fifty-two week low of $15.85 and a fifty-two week high of $26.68. The company has a market cap of $1,800.00, a P/E ratio of 5.30, a PEG ratio of 0.37 and a beta of 1.26.

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GameStop Company Profile

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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Earnings History and Estimates for GameStop (NYSE:GME)

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