GameStop (GME) Projected to Post Earnings on Tuesday

GameStop (NYSE:GME - Get Free Report) will likely be posting its Q1 2025 quarterly earnings results after the market closes on Tuesday, June 10th. Analysts expect GameStop to post earnings of $0.08 per share and revenue of $754.23 million for the quarter.

GameStop (NYSE:GME - Get Free Report) last released its quarterly earnings data on Tuesday, March 25th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.09 by $0.21. GameStop had a return on equity of 2.11% and a net margin of 1.45%. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the previous year, the company posted $0.21 EPS. The company's revenue was down 28.5% compared to the same quarter last year. On average, analysts expect GameStop to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

GameStop Stock Performance

NYSE:GME traded up $0.26 during trading hours on Friday, reaching $29.83. The stock had a trading volume of 10,186,720 shares, compared to its average volume of 16,525,641. GameStop has a 52 week low of $18.73 and a 52 week high of $48.00. The company has a 50 day moving average price of $26.93 and a two-hundred day moving average price of $27.32. The stock has a market capitalization of $13.34 billion, a PE ratio of 165.73 and a beta of -0.76.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Wedbush set a $11.50 price objective on shares of GameStop in a research note on Wednesday, March 26th. Wall Street Zen raised shares of GameStop from a "sell" rating to a "hold" rating in a research note on Thursday, March 27th.

Insider Activity

In other news, CEO Ryan Cohen acquired 500,000 shares of the firm's stock in a transaction that occurred on Thursday, April 3rd. The stock was purchased at an average cost of $21.55 per share, for a total transaction of $10,775,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 37,347,842 shares of the company's stock, valued at $804,845,995.10. The trade was a 1.36% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Mark Haymond Robinson sold 4,687 shares of GameStop stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $22.53, for a total value of $105,598.11. Following the completion of the sale, the general counsel now owns 37,663 shares of the company's stock, valued at $848,547.39. The trade was a 11.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 515,000 shares of company stock valued at $11,140,200. 12.28% of the stock is currently owned by company insiders.

Institutional Trading of GameStop

Several institutional investors and hedge funds have recently made changes to their positions in GME. AQR Capital Management LLC raised its holdings in GameStop by 312.2% in the first quarter. AQR Capital Management LLC now owns 29,438 shares of the company's stock worth $623,000 after purchasing an additional 22,297 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in GameStop by 33.2% in the first quarter. Goldman Sachs Group Inc. now owns 262,143 shares of the company's stock worth $5,851,000 after purchasing an additional 65,325 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in GameStop by 9.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,131,481 shares of the company's stock worth $25,255,000 after purchasing an additional 94,892 shares in the last quarter. 29.21% of the stock is currently owned by institutional investors.

GameStop Company Profile

GameStop Corp., a specialty retailer, provides games and entertainment products through its stores and ecommerce platforms in the United States, Canada, Australia, and Europe. The company sells new and pre-owned gaming platforms; accessories, such as controllers, gaming headsets, and virtual reality products; new and pre-owned gaming software; and in-game digital currency, digital downloadable content, and full-game downloads.