What is Wedbush’s Forecast for GameStop Q4 Earnings?

GameStop Corp. (NYSE:GME) – Wedbush lowered their Q4 2026 earnings per share (EPS) estimates for shares of GameStop in a research report issued on Monday, March 31st. Wedbush analyst M. Pachter now anticipates that the company will post earnings per share of $0.22 for the quarter, down from their previous forecast of $0.23. 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 Q4 2027 earnings at $0.19 EPS.

Separately, StockNews.com upgraded GameStop from a “sell” rating to a “hold” rating in a research report on Thursday, March 27th.

GameStop Trading Up 1.4 %

Shares of GME opened at $22.62 on Wednesday. GameStop has a 12-month low of $9.95 and a 12-month high of $64.83. The stock has a market cap of $10.11 billion, a P/E ratio of 125.70 and a beta of -0.29. The company has a 50-day moving average of $25.16 and a two-hundred day moving average of $25.72.

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

Insider Activity at GameStop

In other GameStop news, General Counsel Mark Haymond Robinson sold 1,577 shares of the company’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $31.07, for a total value of $48,997.39. Following the transaction, the general counsel now directly owns 42,350 shares in the company, valued at approximately $1,315,814.50. This represents a 3.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Daniel William Moore sold 895 shares of GameStop stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $31.07, for a total transaction of $27,807.65. Following the sale, the insider now owns 31,385 shares of the company’s stock, 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 Inflows and Outflows

A number of large investors have recently made changes to their positions in GME. Vanguard Group Inc. increased its stake in GameStop by 5.5% in the fourth quarter. Vanguard Group Inc. now owns 39,144,063 shares of the company’s stock valued at $1,226,775,000 after purchasing an additional 2,036,032 shares during the last quarter. State Street Corp lifted its holdings in shares of GameStop by 38.0% during the 3rd quarter. State Street Corp now owns 11,143,759 shares of the company’s stock worth $255,526,000 after acquiring an additional 3,070,571 shares during the period. Geode Capital Management LLC boosted its position in shares of GameStop by 6.1% in the fourth quarter. Geode Capital Management LLC now owns 6,659,234 shares of the company’s stock worth $208,769,000 after acquiring an additional 380,554 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in GameStop by 3.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,610,264 shares of the company’s stock valued at $113,146,000 after purchasing an additional 107,354 shares during the period. Finally, Northern Trust Corp increased its position in GameStop by 26.2% during the fourth quarter. Northern Trust Corp now owns 3,171,303 shares of the company’s stock worth $99,389,000 after purchasing an additional 659,345 shares during 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.