Brokerages predict that GameStop Corp. (NYSE:GME) will report $1.95 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for GameStop’s earnings. The highest EPS estimate is $2.03 and the lowest is $1.85. GameStop posted earnings per share of $2.38 in the same quarter last year, which would suggest a negative year over year growth rate of 18.1%. The business is expected to announce its next earnings report on Thursday, March 22nd.
On average, analysts expect that GameStop will report full-year earnings of $3.26 per share for the current year, with EPS estimates ranging from $3.15 to $3.35. For the next fiscal year, analysts anticipate that the company will post earnings of $3.33 per share, with EPS estimates ranging from $3.10 to $3.78. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow GameStop.
GameStop (NYSE:GME) last posted its quarterly earnings results on Tuesday, November 21st. The company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.11. GameStop had a return on equity of 16.50% and a net margin of 3.98%. The business had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter in the prior year, the business earned $0.49 EPS. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis.
In other GameStop news, Director Stephanie M. Shern sold 4,000 shares of the stock in a transaction on Monday, November 27th. The stock was sold at an average price of $17.91, for a total transaction of $71,640.00. Following the transaction, the director now owns 13,474 shares in the company, valued at approximately $241,319.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.80% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of GME. Aperio Group LLC increased its position in shares of GameStop by 87.0% in the fourth quarter. Aperio Group LLC now owns 963,757 shares of the company’s stock worth $17,299,000 after purchasing an additional 448,416 shares during the period. OxFORD Asset Management LLP increased its position in shares of GameStop by 3,009.1% in the third quarter. OxFORD Asset Management LLP now owns 403,092 shares of the company’s stock worth $8,318,000 after purchasing an additional 390,127 shares during the period. Wells Fargo & Company MN increased its position in shares of GameStop by 70.2% in the fourth quarter. Wells Fargo & Company MN now owns 881,129 shares of the company’s stock worth $15,816,000 after purchasing an additional 363,407 shares during the period. Dalton Greiner Hartman Maher & Co. increased its position in shares of GameStop by 72.5% in the fourth quarter. Dalton Greiner Hartman Maher & Co. now owns 787,554 shares of the company’s stock worth $14,137,000 after purchasing an additional 331,130 shares during the period. Finally, Towle & Co. increased its position in shares of 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.
GameStop (NYSE GME) traded down $0.64 on Thursday, reaching $15.83. The company had a trading volume of 4,286,425 shares, compared to its average volume of 4,211,840. GameStop has a twelve month low of $15.10 and a twelve month high of $26.68. The company has a current ratio of 1.20, a quick ratio of 0.38 and a debt-to-equity ratio of 0.35. The company has a market cap of $1,635.05, a PE ratio of 4.62, a PEG ratio of 0.32 and a beta of 1.25.
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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