$0.43 Earnings Per Share Expected for Gamestop Corporation (GME) This Quarter

Wall Street analysts expect Gamestop Corporation (NYSE:GME) to post earnings of $0.43 per share for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Gamestop Corporation’s earnings, with the highest EPS estimate coming in at $0.49 and the lowest estimate coming in at $0.40. Gamestop Corporation reported earnings of $0.49 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 12.2%. The business is expected to issue its next quarterly earnings results after the market closes on Tuesday, November 21st.

On average, analysts expect that Gamestop Corporation will report full-year earnings of $3.30 per share for the current year, with EPS estimates ranging from $3.20 to $3.40. For the next fiscal year, analysts anticipate that the business will report earnings of $3.27 per share, with EPS estimates ranging from $3.20 to $3.30. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for Gamestop Corporation.

Gamestop Corporation (NYSE:GME) last released its quarterly earnings results on Thursday, August 24th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). Gamestop Corporation had a net margin of 3.90% and a return on equity of 16.66%. The company had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same period in the prior year, the business posted $0.27 EPS. Gamestop Corporation’s revenue was up 3.6% compared to the same quarter last year.

Several equities research analysts have issued reports on GME shares. ValuEngine raised shares of Gamestop Corporation from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Wedbush set a $25.00 target price on shares of Gamestop Corporation and gave the stock a “buy” rating in a research note on Thursday. Robert W. Baird reaffirmed a “buy” rating and set a $24.00 target price on shares of Gamestop Corporation in a research note on Tuesday, September 26th. BidaskClub cut shares of Gamestop Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Finally, Zacks Investment Research raised shares of Gamestop Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $25.24.

Institutional investors and hedge funds have recently modified their holdings of the stock. Cubic Asset Management LLC increased its stake in Gamestop Corporation by 0.3% during the second quarter. Cubic Asset Management LLC now owns 39,465 shares of the company’s stock worth $853,000 after purchasing an additional 125 shares during the period. Fairbanks Capital Management Inc. purchased a new stake in Gamestop Corporation during the second quarter worth about $3,494,000. State Treasurer State of Michigan increased its stake in Gamestop Corporation by 0.7% during the second quarter. State Treasurer State of Michigan now owns 41,700 shares of the company’s stock worth $901,000 after purchasing an additional 300 shares during the period. Arizona State Retirement System increased its stake in Gamestop Corporation by 0.7% during the second quarter. Arizona State Retirement System now owns 42,700 shares of the company’s stock worth $923,000 after purchasing an additional 300 shares during the period. Finally, Northwestern Mutual Investment Management Company LLC increased its stake in Gamestop Corporation by 2.2% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 17,947 shares of the company’s stock worth $477,000 after purchasing an additional 391 shares during the period.

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Shares of Gamestop Corporation (GME) traded up $0.18 on Monday, reaching $16.18. 4,855,084 shares of the company’s stock traded hands, compared to its average volume of 2,679,759. Gamestop Corporation has a 52 week low of $15.85 and a 52 week high of $26.84. 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 firm has a market cap of $1,640.00, a PE ratio of 4.44, a PEG ratio of 0.33 and a beta of 1.24.

Gamestop Corporation 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 Corporation (NYSE:GME)

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