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.

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Earnings History for GameStop (NYSE:GME)

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