GameStop (GME) Expected to Announce Quarterly Earnings on Tuesday

GameStop (NYSE:GME - Get Free Report) is expected to release its Q1 2025 earnings data after the market closes on Tuesday, June 10th. Analysts expect the company to announce earnings of $0.08 per share and revenue of $754.23 million for the quarter.

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

GameStop Stock Down 1.8%

Shares of GME stock traded down $0.56 during trading hours on Tuesday, reaching $30.09. 6,042,988 shares of the stock traded hands, compared to its average volume of 15,827,779. The business has a fifty day moving average price of $27.14 and a 200 day moving average price of $27.38. GameStop has a 1-year low of $18.73 and a 1-year high of $48.00. The firm has a market capitalization of $13.46 billion, a PE ratio of 167.15 and a beta of -0.76.

Insider Buying and Selling at GameStop

In related news, Director Lawrence Cheng bought 5,000 shares of GameStop stock in a transaction that occurred on Thursday, April 3rd. The stock was acquired at an average price of $21.54 per share, for a total transaction of $107,700.00. Following the completion of the purchase, the director now owns 83,000 shares in the company, valued at approximately $1,787,820. This represents a 6.41% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Daniel William Moore sold 1,608 shares of the business's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $22.53, for a total value of $36,228.24. Following the transaction, the insider now owns 29,777 shares in the company, valued at $670,875.81. This represents a 5.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have purchased a total of 515,000 shares of company stock worth $11,140,200 over the last 90 days. Insiders own 12.28% of the company's stock.

Institutional Trading of GameStop

Hedge funds have recently modified their holdings of the company. AQR Capital Management LLC raised its stake in shares of GameStop by 312.2% in the first quarter. AQR Capital Management LLC now owns 29,438 shares of the company's stock valued at $623,000 after purchasing an additional 22,297 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of GameStop by 33.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 262,143 shares of the company's stock valued at $5,851,000 after buying an additional 65,325 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of GameStop by 9.2% during the 1st 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 acquiring an additional 94,892 shares during the period. Institutional investors own 29.21% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on GME. Wedbush set a $11.50 target price on GameStop in a report on Wednesday, March 26th. Wall Street Zen upgraded shares of GameStop from a "sell" rating to a "hold" rating in a research note on Thursday, March 27th.

About GameStop

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.