Brokerages predict that Gamestop Corporation (NYSE:GME) will post $0.43 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Gamestop Corporation’s earnings. The lowest EPS estimate is $0.40 and the highest is $0.49. Gamestop Corporation posted earnings of $0.49 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 12.2%. The company is scheduled to issue its next quarterly earnings report after the market closes on Tuesday, November 21st.
According to Zacks, analysts expect that Gamestop Corporation will report full-year earnings of $3.31 per share for the current fiscal year, with EPS estimates ranging from $3.20 to $3.40. For the next fiscal year, analysts forecast that the company will post earnings of $3.27 per share, with EPS estimates ranging from $3.20 to $3.30. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow Gamestop Corporation.
Gamestop Corporation (NYSE:GME) last issued its earnings results on Thursday, August 24th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.01). The firm had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Gamestop Corporation had a return on equity of 16.66% and a net margin of 3.90%. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.27 EPS.
GME has been the subject of a number of recent analyst reports. BidaskClub downgraded Gamestop Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Zacks Investment Research downgraded Gamestop Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Telsey Advisory Group downgraded Gamestop Corporation from an “outperform” rating to a “market perform” rating in a report on Friday, August 11th. Loop Capital reiterated a “buy” rating and issued a $28.00 price objective on shares of Gamestop Corporation in a report on Wednesday, August 23rd. Finally, Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Gamestop Corporation in a report on Friday, August 25th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $25.24.
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Gamestop Corporation (GME) traded down $1.13 during trading hours on Monday, hitting $16.43. The stock had a trading volume of 5,787,400 shares, compared to its average volume of 2,652,925. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.49 and a current ratio of 1.34. The stock has a market capitalization of $1,664.48, a price-to-earnings ratio of 4.50, a PEG ratio of 0.33 and a beta of 1.24. Gamestop Corporation has a 52-week low of $16.22 and a 52-week high of $26.84.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Cubic Asset Management LLC raised its stake in shares of Gamestop Corporation by 0.3% in the second quarter. Cubic Asset Management LLC now owns 39,465 shares of the company’s stock worth $853,000 after buying an additional 125 shares during the period. Fairbanks Capital Management Inc. bought a new stake in Gamestop Corporation during the 2nd quarter valued at approximately $3,494,000. State Treasurer State of Michigan raised its stake in Gamestop Corporation by 0.7% during the 2nd quarter. State Treasurer State of Michigan now owns 41,700 shares of the company’s stock valued at $901,000 after purchasing an additional 300 shares during the period. Arizona State Retirement System raised its stake in Gamestop Corporation by 0.7% during the 2nd quarter. Arizona State Retirement System now owns 42,700 shares of the company’s stock valued at $923,000 after purchasing an additional 300 shares during the period. Finally, Northwestern Mutual Investment Management Company LLC raised its stake in Gamestop Corporation by 2.2% during the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 17,947 shares of the company’s stock valued at $477,000 after purchasing an additional 391 shares during the period.
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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