GameStop (NYSE:GME) Releases Quarterly Earnings Results

GameStop (NYSE:GME) posted its quarterly earnings results on Tuesday. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.16 by $0.14, FiscalAI reports. The business had revenue of $835.30 million during the quarter, compared to the consensus estimate of $766.64 million. GameStop had a net margin of 20.45% and a return on equity of 14.10%. The company’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.17 earnings per share.

GameStop Stock Performance

NYSE GME opened at $22.17 on Thursday. The company has a debt-to-equity ratio of 0.76, a current ratio of 15.30 and a quick ratio of 14.68. GameStop has a 1 year low of $19.93 and a 1 year high of $30.97. The company has a market capitalization of $9.95 billion, a PE ratio of 16.80 and a beta of 1.77. The company has a fifty day moving average of $23.20 and a two-hundred day moving average of $22.83.

More GameStop News

Here are the key news stories impacting GameStop this week:

• Positive Sentiment: GameStop reported first-quarter earnings of $0.30 per share, well ahead of the $0.16 consensus estimate, and revenue of $835.3 million, also above expectations. GameStop Discloses First Quarter 2026 Results
• Positive Sentiment: The company said it posted its highest quarterly net income in history at $389.6 million and its strongest first-quarter operating income on record, signaling major improvement in profitability. GameStop Discloses First Quarter 2026 Results
• Positive Sentiment: GameStop’s board approved a new $2 billion share repurchase program through 2029, a capital-return move that can support the share price by reducing stock outstanding. GameStop reports 14% rise in quarterly revenue, unveils $2 billion share buyback
• Neutral Sentiment: News also noted that GameStop’s attempted eBay acquisition did not gain traction, but this appears secondary to the stronger earnings and buyback announcement. GameStop stock jumps after record profit, $2B buyback approval

Wall Street Analysts Forecast Growth

Several research firms have commented on GME. Weiss Ratings upgraded shares of GameStop from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 1st. Wall Street Zen downgraded shares of GameStop from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, GameStop has an average rating of “Reduce” and an average price target of $13.50.

Insider Buying and Selling at GameStop

In other GameStop news, General Counsel Mark Haymond Robinson sold 7,209 shares of the company’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $22.94, for a total value of $165,374.46. Following the completion of the transaction, the general counsel owned 97,946 shares in the company, valued at $2,246,881.24. This represents a 6.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Daniel William Moore sold 7,210 shares of the company’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $22.94, for a total transaction of $165,397.40. Following the completion of the transaction, the insider owned 101,014 shares of the company’s stock, valued at $2,317,261.16. This represents a 6.66% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 18,331 shares of company stock valued at $421,491 in the last 90 days. 9.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On GameStop

Several large investors have recently bought and sold shares of GME. AQR Capital Management LLC boosted its stake in GameStop by 312.2% in the first quarter. AQR Capital Management LLC now owns 29,438 shares of the company’s stock valued at $623,000 after acquiring an additional 22,297 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of GameStop by 33.2% in the first quarter. Goldman Sachs Group Inc. now owns 262,143 shares of the company’s stock valued at $5,851,000 after buying an additional 65,325 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of GameStop by 9.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,131,481 shares of the company’s stock valued at $25,255,000 after buying an additional 94,892 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of GameStop by 6.5% in the second quarter. American Century Companies Inc. now owns 35,473 shares of the company’s stock valued at $865,000 after buying an additional 2,162 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of GameStop by 226.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,277 shares of the company’s stock valued at $31,000 after buying an additional 886 shares during the last quarter. Institutional investors and hedge funds own 29.21% of the company’s stock.

About GameStop

GameStop Corp. (NYSE:GME) is a global specialty retailer focused on video games, gaming consoles, consumer electronics and related accessories. The company operates a network of physical retail stores alongside an e-commerce platform, offering new and pre-owned products spanning the latest game software, hardware, collectibles and lifestyle merchandise. GameStop’s retail footprint is complemented by digital marketplaces for trade-ins and online purchases, as well as a membership program that provides exclusive content and rewards.

Originally founded in 1984 as Babbage’s in Dallas, Texas, the company adopted the GameStop name in 1999 following its merger with Software Etc.