The company expects to report full-year earnings between $3.90 and $4.05 per share vs. estimates of $3.99 per share. Pacific Crest restated a “hold” rating on shares of GameStop Corp.in a research note on Sunday, May 29th.
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According to Thomson Reuters, the consensus projects $1.74 billion revenue, which means that a 1.13% decline in revenue is expected on a year on year basis. The Stock has its 52-week High of $47.62 and 52-Week Low of $24.33 and it touched its 52-week high on Oct 23, 2015 and 52-Week Low on Jan 20, 2016.
Separately, TheStreet Ratings team rates the stock as a “buy” with a ratings score of B-.
Gamestop Corporation reported its last Earnings on Aug 25 AMC where the company reported Actual EPS of $0.66/Share whereas, the Analyst Estimated EPS was $0.62/share. The stock now has an average rating of “Buy” and an average target price of $37.44.
A number of analysts rated the stock as well: 3 analysts believe that the stock is a STRONG BUY while 5 reported it as Buy.4 analysts assigned a HOLD rating, 1 said it’s UNDERPERFORM and 0 say that this stock is a SELL.
For the third quarter, GameStop expects earnings of $0.53 to $0.58 per share, while analysts expect $0.53 per share.
Shares of GameStop Corp. GME’s total short interest was 31.78 million shares in August as published by FINRA. (NYSE:GME) traded up 1.42% on Thursday, reaching $32.16.
Ahead of the second quarter earnings releases of GameStop Corp. The stock, however, dropped $2.56 or 7.96% in the after-hours trade. The New Jersey-based Groesbeck Investment Management Corp Nj has invested 2.14% in the stock. The Firm 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.
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This month, GameStop bought 507 AT&T wireless stores, part of an effort to reduce its dependence on video games as more players buy online and bypass traditional retailers. The Company operates its business in four Video Game Brands segments: United States, Canada, Australia and Europe, and Technology Brands segment.
