Zacks: Brokerages Anticipate Gamestop Corporation (GME) Will Announce Earnings of $0.43 Per Share
Wall Street analysts expect that Gamestop Corporation (NYSE:GME) will post earnings of $0.43 per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Gamestop Corporation’s earnings, with estimates ranging from $0.40 to $0.49. Gamestop Corporation reported earnings per share of $0.49 during the same quarter last year, which suggests a negative year over year growth rate of 12.2%. The firm is expected to report its next quarterly earnings results after the market closes on Tuesday, November 21st.
According to Zacks, analysts expect that Gamestop Corporation will report full-year earnings of $3.30 per share for the current year, with EPS estimates ranging from $3.20 to $3.40. For the next financial year, analysts forecast that the firm will post earnings of $3.27 per share, with EPS estimates ranging from $3.20 to $3.30. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow Gamestop Corporation.
Gamestop Corporation (NYSE:GME) last announced its quarterly earnings results on Thursday, August 24th. The company reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.01). Gamestop Corporation had a net margin of 3.90% and a return on equity of 16.66%. The firm had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same period in the previous year, the business posted $0.27 earnings per share. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year.
A number of analysts have recently commented on GME shares. ValuEngine raised Gamestop Corporation from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Wedbush set a $25.00 price target on Gamestop Corporation and gave the company a “buy” rating in a research note on Thursday. Robert W. Baird reissued a “buy” rating and set a $24.00 price target on shares of Gamestop Corporation in a research note on Tuesday, September 26th. BidaskClub lowered Gamestop Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Finally, Zacks Investment Research raised Gamestop Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company’s stock. Gamestop Corporation presently has an average rating of “Hold” and an average target price of $24.04.
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Hedge funds have recently modified their holdings of the business. Balasa Dinverno & Foltz LLC increased its holdings in Gamestop Corporation by 112.1% in the third quarter. Balasa Dinverno & Foltz LLC now owns 37,689 shares of the company’s stock worth $779,000 after purchasing an additional 19,921 shares in the last quarter. BlackRock Inc. increased its holdings in Gamestop Corporation by 11,239.8% in the first quarter. BlackRock Inc. now owns 8,262,281 shares of the company’s stock worth $186,314,000 after purchasing an additional 8,189,420 shares in the last quarter. State Street Corp increased its holdings in Gamestop Corporation by 1.1% in the first quarter. State Street Corp now owns 2,973,980 shares of the company’s stock worth $67,071,000 after purchasing an additional 32,494 shares in the last quarter. Eqis Capital Management Inc. increased its holdings in Gamestop Corporation by 6.3% in the second quarter. Eqis Capital Management Inc. now owns 21,859 shares of the company’s stock worth $472,000 after purchasing an additional 1,286 shares in the last quarter. Finally, Paradice Investment Management LLC increased its holdings in Gamestop Corporation by 13.2% in the second quarter. Paradice Investment Management LLC now owns 942,263 shares of the company’s stock worth $20,362,000 after purchasing an additional 110,100 shares in the last quarter.
Shares of Gamestop Corporation (NYSE GME) traded up $0.13 during mid-day trading on Monday, hitting $16.31. The stock had a trading volume of 3,130,958 shares, compared to its average volume of 2,682,062. Gamestop Corporation has a 12-month low of $15.85 and a 12-month high of $26.84. The firm has a market capitalization of $1,640.00, a price-to-earnings ratio of 4.44, a price-to-earnings-growth ratio of 0.33 and a beta of 1.24. The company has a quick ratio of 0.49, a current ratio of 1.34 and a debt-to-equity ratio of 0.35.
Gamestop Corporation Company Profile
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.
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