GameStop Corp. (NYSE:GME) Earning Somewhat Positive Press Coverage, Accern Reports
Headlines about GameStop Corp. (NYSE:GME) have trended somewhat positive this week, Accern reports. The research firm scores the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. GameStop Corp. earned a news impact score of 0.17 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 80 out of 100, meaning that recent press coverage is likely to have an impact on the stock’s share price in the immediate future.
These are some of the media stories that may have effected Accern’s scoring:
- September 22nd Options Now Available For GameStop (GME) – Nasdaq (nasdaq.com)
- Gamestop Corporation Target of Unusually High Options Trading (NYSE:GME) (americanbankingnews.com)
- The Gamestop Corporation (GME) Position Lowered by Hays Advisory LLC – ExpressNewsline (expressnewsline.com)
- Reflections On The Current State Of GameStop Corp. (GME), Helix Energy Solutions Group, Inc. (HLX) – AllStockNews (allstocknews.com)
- Roundtable: 1 Dark Horse Stock I'm Watching (finance.yahoo.com)
Shares of GameStop Corp. (GME) traded up 1.31% during mid-day trading on Thursday, reaching $21.66. 1,048,342 shares of the company traded hands. GameStop Corp. has a 52 week low of $20.10 and a 52 week high of $32.67. The company has a market capitalization of $2.19 billion, a P/E ratio of 6.43 and a beta of 1.20. The stock’s 50-day moving average is $21.17 and its 200-day moving average is $23.06. GameStop Corp. also saw some unusual options trading activity on Monday. Stock investors acquired 7,407 put options on the company. This is an increase of 229% compared to the typical volume of 2,249 put options.
GameStop Corp. (NYSE:GME) last issued its quarterly earnings results on Thursday, May 25th. The company reported $0.63 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.12. The company had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $1.96 billion. GameStop Corp. had a net margin of 2.88% and a return on equity of 10.46%. GameStop Corp.’s revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.66 EPS. On average, equities analysts predict that GameStop Corp. will post $3.32 EPS for the current fiscal year.
Several brokerages recently issued reports on GME. Telsey Advisory Group raised shares of GameStop Corp. from a “market perform” rating to an “outperform” rating in a report on Wednesday, May 10th. Vetr downgraded shares of GameStop Corp. from a “sell” rating to a “strong sell” rating and set a $20.04 target price for the company. in a research note on Monday, May 15th. Bank of America Corporation set a $27.00 target price on shares of GameStop Corp. and gave the company a “hold” rating in a research note on Saturday, May 13th. Mizuho reiterated a “buy” rating and set a $27.00 price objective on shares of GameStop Corp. in a research note on Tuesday, April 18th. Finally, ValuEngine downgraded shares of GameStop Corp. from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company’s stock. GameStop Corp. has an average rating of “Hold” and an average target price of $24.84.
TRADEMARK VIOLATION NOTICE: “GameStop Corp. (NYSE:GME) Earning Somewhat Positive Press Coverage, Accern Reports” was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this news story on another website, it was copied illegally and reposted in violation of United States and international trademark & copyright law. The original version of this news story can be read at https://www.thecerbatgem.com/2017/08/03/somewhat-favorable-news-coverage-likely-to-affect-gamestop-corporation-nysegme-stock-price-updated-updated-updated.html.
About GameStop Corp.
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.
Receive News & Stock Ratings for GameStop Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GameStop Corp. and related stocks with our FREE daily email newsletter.