-$0.22 Earnings Per Share Expected for GameStop Corp. (NYSE:GME) This Quarter

Wall Street analysts predict that GameStop Corp. (NYSE:GME) will announce ($0.22) earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for GameStop’s earnings, with estimates ranging from ($0.40) to ($0.04). GameStop posted earnings of ($0.53) per share during the same quarter last year, which would suggest a positive year over year growth rate of 58.5%. The company is expected to announce its next earnings report on Tuesday, December 14th.

According to Zacks, analysts expect that GameStop will report full year earnings of ($0.27) per share for the current fiscal year, with EPS estimates ranging from ($0.59) to $0.05. For the next financial year, analysts anticipate that the business will post earnings of $1.25 per share, with EPS estimates ranging from $1.10 to $1.40. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that that provide coverage for GameStop.

GameStop (NYSE:GME) last issued its quarterly earnings data on Tuesday, September 7th. The company reported ($0.76) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.67) by ($0.09). GameStop had a negative net margin of 1.19% and a negative return on equity of 3.21%. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the previous year, the business earned ($1.40) EPS. GameStop’s revenue for the quarter was up 25.6% compared to the same quarter last year.

GME has been the subject of several recent analyst reports. Ascendiant Capital Markets raised their price target on GameStop from $10.00 to $25.00 and gave the stock a “sell” rating in a report on Monday, July 12th. Zacks Investment Research downgraded GameStop from a “buy” rating to a “hold” rating and set a $231.00 price target for the company. in a report on Friday, June 11th. Finally, Wedbush raised their price target on GameStop from $39.00 to $50.00 and gave the stock an “underperform” rating in a report on Thursday, June 10th. Five analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. According to data from MarketBeat.com, GameStop presently has an average rating of “Sell” and a consensus target price of $51.86.

In related news, Director James Grube sold 1,900 shares of the firm’s stock in a transaction on Wednesday, June 23rd. The shares were sold at an average price of $217.78, for a total transaction of $413,782.00. Following the sale, the director now owns 2,023 shares in the company, valued at $440,568.94. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 2.40% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of GME. Sittner & Nelson LLC purchased a new position in shares of GameStop in the second quarter worth about $29,000. Larson Financial Group LLC lifted its stake in shares of GameStop by 265.3% in the second quarter. Larson Financial Group LLC now owns 162 shares of the company’s stock worth $35,000 after buying an additional 260 shares in the last quarter. Penserra Capital Management LLC purchased a new position in shares of GameStop in the second quarter worth about $38,000. Eaton Vance Management purchased a new position in shares of GameStop in the first quarter worth about $49,000. Finally, Advisory Services Network LLC lifted its stake in shares of GameStop by 127.2% in the second quarter. Advisory Services Network LLC now owns 259 shares of the company’s stock worth $55,000 after buying an additional 145 shares in the last quarter. 32.16% of the stock is currently owned by hedge funds and other institutional investors.

NYSE GME traded down $12.77 during trading on Monday, hitting $192.20. The company’s stock had a trading volume of 3,934,324 shares, compared to its average volume of 19,147,924. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.22 and a quick ratio of 1.73. The company has a market cap of $14.70 billion, a PE ratio of -200.21 and a beta of -2.20. The business’s 50 day simple moving average is $181.07 and its 200-day simple moving average is $190.43. GameStop has a fifty-two week low of $8.38 and a fifty-two week high of $483.00.

GameStop Company Profile

GameStop Corp. engages in the retail of multichannel video game, consumer electronics, and wireless services. It operates through the following segments: United States, Canada, Australia, and Europe. The United States segment includes the retail operations and electronic commerce websites www.gamestop.com and www.thinkgeek.com, Game Informer magazine, and Kongregate.

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Earnings History and Estimates for GameStop (NYSE:GME)

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