GameStop Corp. (GME) Expected to Post Quarterly Sales of $3.20 Billion

Equities research analysts predict that GameStop Corp. (NYSE:GME) will report sales of $3.20 billion for the current quarter, Zacks reports. Three analysts have provided estimates for GameStop’s earnings, with the highest sales estimate coming in at $3.34 billion and the lowest estimate coming in at $3.13 billion. GameStop reported sales of $3.05 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 4.9%. The firm is expected to announce its next quarterly earnings report on Thursday, March 22nd.

On average, analysts expect that GameStop will report full year sales of $3.20 billion for the current fiscal year, with estimates ranging from $8.85 billion to $9.06 billion. For the next year, analysts expect that the company will report sales of $8.75 billion per share, with estimates ranging from $8.68 billion to $8.82 billion. Zacks’ sales calculations are an average based on a survey of research firms that follow GameStop.

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

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

In other news, Director Stephanie M. Shern sold 4,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 13,474 shares of the company’s stock, valued at $241,319.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.80% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake in shares of GameStop by 0.4% in the third quarter. Dimensional Fund Advisors LP now owns 8,536,127 shares of the company’s stock valued at $176,357,000 after buying an additional 34,512 shares during the period. State Street Corp boosted its holdings in GameStop by 1.6% in the second quarter. State Street Corp now owns 3,020,149 shares of the company’s stock valued at $65,265,000 after acquiring an additional 46,169 shares during the last quarter. Numeric Investors LLC bought a new stake in GameStop in the second quarter valued at approximately $34,679,000. Towle & Co. boosted its holdings in GameStop by 26.2% in the third quarter. Towle & Co. now owns 1,491,360 shares of the company’s stock valued at $30,811,000 after acquiring an additional 309,790 shares during the last quarter. Finally, TIAA CREF Investment Management LLC boosted its holdings 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 valued at $22,398,000 after acquiring an additional 52,750 shares during the last quarter.

GameStop (GME) opened at $17.40 on Wednesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.38 and a current ratio of 1.20. The company has a market capitalization of $1,760.00, a PE ratio of 5.09, a price-to-earnings-growth ratio of 0.37 and a beta of 1.26. GameStop has a 52 week low of $15.85 and a 52 week high of $26.68.

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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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