Zacks: Analysts Anticipate GameStop Corp. (NYSE:GME) to Post -$0.56 EPS

Analysts expect that GameStop Corp. (NYSE:GME) will post earnings per share of ($0.56) for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for GameStop’s earnings, with the highest EPS estimate coming in at ($0.15) and the lowest estimate coming in at ($1.15). GameStop reported earnings of ($1.61) per share during the same quarter last year, which indicates a positive year-over-year growth rate of 65.2%. The firm is scheduled to issue its next earnings results on Tuesday, June 8th.

According to Zacks, analysts expect that GameStop will report full year earnings of ($0.73) per share for the current year, with EPS estimates ranging from ($2.96) to $1.00. For the next fiscal year, analysts forecast that the firm will report earnings of ($0.31) per share, with EPS estimates ranging from ($2.62) to $1.30. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for GameStop.

GameStop (NYSE:GME) last announced its quarterly earnings results on Monday, March 22nd. The company reported $1.34 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.35 by ($0.01). The business had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.23 billion. GameStop had a negative net margin of 5.32% and a negative return on equity of 33.58%. GameStop’s revenue was down 3.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.27 EPS.

Several equities analysts have weighed in on GME shares. Standpoint Research cut GameStop from a “buy” rating to a “hold” rating in a research note on Wednesday, January 13th. Zacks Investment Research lowered shares of GameStop from a “buy” rating to a “hold” rating and set a $203.00 price target on the stock. in a research report on Friday, March 26th. Wedbush reaffirmed an “underperform” rating and issued a $29.00 price objective on shares of GameStop in a research report on Tuesday, March 30th. Telsey Advisory Group dropped their target price on shares of GameStop from $33.00 to $30.00 and set an “underperform” rating on the stock in a research report on Tuesday, March 30th. Finally, Ascendiant Capital Markets reaffirmed a “sell” rating on shares of GameStop in a report on Monday. Five research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. GameStop presently has a consensus rating of “Sell” and a consensus price target of $37.06.

Shares of NYSE:GME traded down $0.02 during mid-day trading on Wednesday, hitting $158.51. 3,777,404 shares of the company traded hands, compared to its average volume of 38,670,824. The stock has a 50-day moving average price of $181.84 and a two-hundred day moving average price of $73.92. GameStop has a 12-month low of $3.77 and a 12-month high of $483.00. The stock has a market cap of $11.09 billion, a P/E ratio of -36.85 and a beta of 1.40. The company has a current ratio of 1.05, a quick ratio of 0.50 and a debt-to-equity ratio of 0.65.

A number of institutional investors have recently bought and sold shares of the stock. KBC Group NV bought a new position in GameStop during the fourth quarter valued at $33,000. CWM LLC raised its stake in shares of GameStop by 17.6% in the fourth quarter. CWM LLC now owns 2,251 shares of the company’s stock valued at $42,000 after buying an additional 337 shares during the period. Regal Wealth Group Inc. purchased a new position in shares of GameStop during the 1st quarter valued at $45,000. Vantage Consulting Group Inc bought a new position in shares of GameStop during the 4th quarter worth $47,000. Finally, International Assets Investment Management LLC purchased a new stake in GameStop in the 4th quarter worth about $61,000.

About GameStop

GameStop Corp. operates as a multichannel video game, consumer electronics, and collectibles retailer in the United States, Canada, Australia, and Europe. The company sells new and pre-owned video game platforms; accessories, including controllers, gaming headsets, virtual reality products, and memory cards; new and pre-owned video game software; and in-game digital currency, digital downloadable content, and full-game downloads, as well as network points cards, and prepaid digital and prepaid subscription cards.

See Also: What’s a Black Swan?

Get a free copy of the Zacks research report on GameStop (GME)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates 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.