GameStop (NYSE:GME) announced its earnings results on Tuesday. The company reported ($0.45) EPS for the quarter, beating the consensus estimate of ($0.83) by $0.38, MarketWatch Earnings reports. GameStop had a negative return on equity of 35.57% and a negative net margin of 4.23%. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period last year, the business posted ($1.61) EPS. The company’s revenue was up 25.1% on a year-over-year basis.
Shares of NYSE GME opened at $302.56 on Thursday. The company has a 50-day moving average price of $187.43. The company has a quick ratio of 0.71, a current ratio of 1.16 and a debt-to-equity ratio of 0.49. GameStop has a one year low of $3.77 and a one year high of $483.00. The stock has a market capitalization of $21.41 billion, a P/E ratio of -89.51 and a beta of -2.07.
Several research analysts have recently commented on the company. Wedbush reiterated an “underperform” rating and issued a $29.00 target price on shares of GameStop in a research report on Tuesday, March 30th. Telsey Advisory Group cut their price target on GameStop from $33.00 to $30.00 and set an “underperform” rating on the stock in a report on Wednesday, March 24th. Zacks Investment Research downgraded GameStop from a “buy” rating to a “hold” rating and set a $203.00 target price on the stock. in a research note on Friday, March 26th. Credit Suisse Group reaffirmed a “sell” rating on shares of GameStop in a research note on Thursday, April 1st. Finally, Ascendiant Capital Markets reissued a “sell” rating on shares of GameStop in a research note on Monday, April 19th. Five research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. GameStop currently has an average rating of “Sell” and an average price target of $41.86.
GameStop Corp., a specialty retailer, provides games and entertainment products through its e-commerce properties and various stores in the United States, Canada, Australia, and Europe. The company sells new and pre-owned video game platforms; accessories, such as 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 subscription cards.
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