Wedbush Has Bullish Estimate for GameStop Q1 Earnings

GameStop Corp. (NYSE:GME) – Research analysts at Wedbush raised their Q1 2026 earnings estimates for GameStop in a report released on Wednesday, March 26th. Wedbush analyst M. Pachter now anticipates that the company will post earnings of $0.08 per share for the quarter, up from their previous forecast of $0.03. Wedbush has a “Underperform” rating and a $10.00 price target on the stock. The consensus estimate for GameStop’s current full-year earnings is $0.08 per share. Wedbush also issued estimates for GameStop’s Q2 2026 earnings at $0.08 EPS, Q3 2026 earnings at $0.08 EPS, Q4 2026 earnings at $0.23 EPS, FY2026 earnings at $0.47 EPS, Q1 2027 earnings at $0.09 EPS, Q2 2027 earnings at $0.09 EPS, Q3 2027 earnings at $0.09 EPS, Q4 2027 earnings at $0.20 EPS and FY2027 earnings at $0.47 EPS.

GameStop (NYSE:GME) last posted its quarterly earnings data on Tuesday, March 25th. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.21. GameStop had a return on equity of 2.11% and a net margin of 1.45%. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same quarter last year, the company earned $0.21 EPS. The firm’s revenue for the quarter was down 28.5% on a year-over-year basis.

Separately, StockNews.com upgraded shares of GameStop from a “sell” rating to a “hold” rating in a research note on Thursday.

GameStop Price Performance

GME opened at $21.89 on Friday. The firm has a market cap of $9.78 billion, a PE ratio of 121.64 and a beta of -0.29. The stock has a 50-day moving average price of $25.48 and a 200-day moving average price of $25.66. GameStop has a 1 year low of $9.95 and a 1 year high of $64.83.

Insiders Place Their Bets

In other GameStop news, General Counsel Mark Haymond Robinson sold 1,577 shares of the business’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $31.07, for a total transaction of $48,997.39. Following the completion of the sale, the general counsel now directly owns 42,350 shares in the company, valued at approximately $1,315,814.50. The trade was a 3.59 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Daniel William Moore sold 895 shares of the firm’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $31.07, for a total value of $27,807.65. Following the completion of the transaction, the insider now owns 31,385 shares in the company, valued at approximately $975,131.95. This trade represents a 2.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 12.28% of the company’s stock.

Institutional Investors Weigh In On GameStop

Hedge funds and other institutional investors have recently made changes to their positions in the business. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of GameStop by 223.5% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 990 shares of the company’s stock worth $31,000 after buying an additional 684 shares during the last quarter. New Wave Wealth Advisors LLC bought a new position in GameStop in the fourth quarter worth approximately $37,000. R Squared Ltd purchased a new position in shares of GameStop during the 4th quarter worth $51,000. Bessemer Group Inc. grew its position in shares of GameStop by 67.2% during the 4th quarter. Bessemer Group Inc. now owns 1,720 shares of the company’s stock valued at $54,000 after acquiring an additional 691 shares during the period. Finally, UMB Bank n.a. increased its stake in shares of GameStop by 59.9% in the 4th quarter. UMB Bank n.a. now owns 1,820 shares of the company’s stock worth $57,000 after purchasing an additional 682 shares in the last quarter. Hedge funds and other institutional investors own 29.21% of the company’s stock.

GameStop Company Profile

GameStop Corp., a specialty retailer, provides games and entertainment products through its stores and ecommerce platforms in the United States, Canada, Australia, and Europe. The company sells new and pre-owned gaming platforms; accessories, such as controllers, gaming headsets, and virtual reality products; new and pre-owned gaming software; and in-game digital currency, digital downloadable content, and full-game downloads.