GameStop (GME) to Release Earnings on Tuesday

GameStop (NYSE:GME) is scheduled to issue its Q3 2020 quarterly earnings data after the market closes on Tuesday, December 10th. Analysts expect the company to announce earnings of $0.06 per share for the quarter. GameStop has set its FY 2019 guidance at $1.15-1.30 EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

GameStop (NYSE:GME) last posted its quarterly earnings data on Tuesday, September 10th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.22) by ($0.10). GameStop had a positive return on equity of 15.38% and a negative net margin of 13.59%. The firm had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.37 billion. During the same period in the prior year, the firm earned $0.05 earnings per share. On average, analysts expect GameStop to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

NYSE GME opened at $6.68 on Friday. The company has a fifty day moving average price of $6.02 and a 200-day moving average price of $5.27. The firm has a market cap of $604.26 million, a price-to-earnings ratio of 3.12 and a beta of 0.49. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.37 and a quick ratio of 0.59. GameStop has a 1 year low of $3.15 and a 1 year high of $16.90.

In other news, Director Carrie W. Teffner acquired 21,118 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The shares were acquired at an average price of $4.73 per share, for a total transaction of $99,888.14. Following the completion of the purchase, the director now owns 55,469 shares in the company, valued at $262,368.37. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lizabeth Dunn acquired 5,000 shares of GameStop stock in a transaction on Friday, September 27th. The shares were purchased at an average cost of $5.38 per share, with a total value of $26,900.00. Following the completion of the acquisition, the director now owns 32,969 shares of the company’s stock, valued at approximately $177,373.22. The disclosure for this purchase can be found here. Insiders purchased a total of 36,268 shares of company stock worth $175,886 over the last three months. 2.40% of the stock is owned by insiders.

Several research firms recently weighed in on GME. ValuEngine upgraded shares of GameStop from a “sell” rating to a “hold” rating in a report on Tuesday, September 10th. Bank of America decreased their price objective on shares of GameStop from $4.00 to $2.50 and set an “underperform” rating for the company in a research note on Tuesday, August 20th. Wedbush dropped their target price on shares of GameStop from $9.00 to $8.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 11th. Loop Capital set a $4.00 target price on shares of GameStop and gave the stock a “hold” rating in a research report on Thursday, September 12th. Finally, Benchmark cut their target price on GameStop from $5.00 to $3.00 and set a “sell” rating on the stock in a research note on Wednesday, September 11th. They noted that the move was a valuation call. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $7.95.

GameStop Company Profile

GameStop Corp. operates as a multichannel video game and consumer electronics retailer in the United States, Canada, Australia, and Europe. The company sells new and pre-owned video game hardware; video game software; pre-owned and value video games; video game accessories, including controllers, gaming headsets, virtual reality products, memory cards, and other add-ons for use with video game hardware and software; and digital products, such as downloadable content, network points cards, prepaid digital and prepaid subscription cards, and digitally downloadable software, as well as collectible products.

Featured Story: S&P 500 Index

Earnings History for GameStop (NYSE:GME)

Receive News & Ratings for GameStop Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GameStop and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit