GameStop (NYSE:GME) Updates FY20 Earnings Guidance

GameStop (NYSE:GME) updated its FY20 earnings guidance on Monday. The company provided earnings per share guidance of net loss for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.13.

A number of equities research analysts recently commented on the stock. Robert W. Baird decreased their target price on shares of GameStop from $6.00 to $5.00 and set a neutral rating for the company in a research report on Wednesday, December 11th. Telsey Advisory Group increased their target price on shares of GameStop from $5.00 to $6.00 and gave the company a market perform rating in a research report on Monday, November 4th. Benchmark reissued a sell rating and set a $3.00 target price on shares of GameStop in a research report on Wednesday, December 11th. Finally, Credit Suisse Group decreased their target price on shares of GameStop from $6.00 to $5.00 and set an underperform rating for the company in a research report on Wednesday, December 11th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. GameStop presently has a consensus rating of Hold and a consensus price target of $6.15.

NYSE:GME remained flat at $$5.43 during midday trading on Monday. 3,623,258 shares of the company were exchanged, compared to its average volume of 3,911,338. GameStop has a 12 month low of $3.15 and a 12 month high of $16.90. The firm has a 50-day moving average price of $5.94 and a 200-day moving average price of $5.15. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.18 and a quick ratio of 0.37. The company has a market cap of $357.96 million, a PE ratio of 2.54 and a beta of 0.47.

GameStop (NYSE:GME) last posted its earnings results on Tuesday, December 10th. The company reported ($0.49) EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.55). The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.62 billion. GameStop had a negative net margin of 9.27% and a positive return on equity of 8.27%. The company’s revenue was down 25.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.36 EPS. Equities analysts forecast that GameStop will post 0.14 EPS for the current year.

About GameStop

GameStop Corp. operates as a multichannel video game and consumer electronics retailer in the United States, Canada, Australia, and Europe. The company sells new and pre-owned video game hardware; video game software; pre-owned and value video games; video game accessories, including controllers, gaming headsets, virtual reality products, memory cards, and other add-ons for use with video game hardware and software; and digital products, such as downloadable content, network points cards, prepaid digital and prepaid subscription cards, and digitally downloadable software, as well as collectible products.

Further Reading: Understanding debt-to-equity ratio in fundamental analysis

Earnings History and Estimates for GameStop (NYSE:GME)

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