Analysts expect that GameStop Corp. (NYSE:GME) will post sales of $1.20 billion for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for GameStop's earnings, with estimates ranging from $1.14 billion to $1.28 billion. GameStop reported sales of $1.02 billion during the same quarter last year, which would indicate a positive year over year growth rate of 17.6%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, June 8th.
On average, analysts expect that GameStop will report full-year sales of $5.66 billion for the current year, with estimates ranging from $5.56 billion to $5.83 billion. For the next fiscal year, analysts forecast that the company will post sales of $5.71 billion, with estimates ranging from $5.63 billion to $5.82 billion. Zacks' sales averages are a mean average based on a survey of research analysts that follow GameStop.
GameStop (NYSE:GME) last issued its earnings results on Monday, March 22nd. The company reported $1.34 EPS for the quarter, missing analysts' consensus estimates of $1.35 by ($0.01). The firm had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.23 billion. GameStop had a negative return on equity of 33.58% and a negative net margin of 5.32%. The business's revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.27 EPS.
A number of analysts recently issued reports on the company. Wedbush reissued an "underperform" rating and issued a $29.00 target price on shares of GameStop in a research report on Tuesday, March 30th. Credit Suisse Group reaffirmed a "sell" rating on shares of GameStop in a research report on Thursday, April 1st. Zacks Investment Research lowered 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. Ascendiant Capital Markets lowered GameStop from a "hold" rating to a "sell" rating in a research report on Monday. Finally, 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 research report on Tuesday, March 30th. Five investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The stock presently has a consensus rating of "Sell" and an average target price of $37.06.
Shares of GME stock opened at $156.44 on Friday. The stock's 50-day moving average is $176.25 and its two-hundred day moving average is $70.25. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.50 and a current ratio of 1.05. GameStop has a 1 year low of $3.77 and a 1 year high of $483.00. The firm has a market cap of $10.94 billion, a price-to-earnings ratio of -36.81 and a beta of 1.40.
Large investors have recently added to or reduced their stakes in the company. KBC Group NV acquired a new position in shares of GameStop in the fourth quarter valued at approximately $33,000. CWM LLC increased its holdings 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 purchasing an additional 337 shares during the period. Regal Wealth Group Inc. acquired a new position in shares of GameStop in the first quarter valued at approximately $45,000. Vantage Consulting Group Inc acquired a new position in shares of GameStop in the fourth quarter valued at approximately $47,000. Finally, International Assets Investment Management LLC acquired a new position in shares of GameStop in the fourth quarter valued at approximately $61,000.
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.
Further Reading: Understanding Price to Earnings Ratio (PE)
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