Equities Analysts Issue Forecasts for GameStop Q4 Earnings

GameStop Corp. (NYSE:GME - Free Report) - Wedbush reduced their Q4 2026 EPS estimates for shares of GameStop in a note issued to investors on Monday, March 31st. Wedbush analyst M. Pachter now expects that the company will earn $0.22 per share for the quarter, down from their prior estimate of $0.23. The consensus estimate for GameStop's current full-year earnings is $0.08 per share. Wedbush also issued estimates for GameStop's Q4 2027 earnings at $0.19 EPS.

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, beating analysts' consensus estimates of $0.09 by $0.21. The company had revenue of $1.28 billion during the quarter, compared to analysts' expectations of $1.48 billion. GameStop had a return on equity of 2.11% and a net margin of 1.45%. The business's revenue was down 28.5% on a year-over-year basis. During the same period last year, the firm posted $0.21 earnings per share.

Separately, StockNews.com raised shares of GameStop from a "sell" rating to a "hold" rating in a research report on Thursday, March 27th.

GameStop Price Performance

GameStop stock traded up $2.24 during mid-day trading on Wednesday, hitting $23.34. 20,513,368 shares of the company's stock traded hands, compared to its average volume of 20,216,583. The firm has a 50 day simple moving average of $24.83 and a two-hundred day simple moving average of $25.77. GameStop has a fifty-two week low of $9.95 and a fifty-two week high of $64.83. The stock has a market cap of $10.44 billion, a price-to-earnings ratio of 129.68 and a beta of -0.29.

Insider Activity

In other GameStop news, 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 completion of the sale, the insider now owns 29,777 shares of the company's stock, valued at $670,875.81. The trade was a 5.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, General Counsel Mark Haymond Robinson sold 4,687 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $22.53, for a total transaction of $105,598.11. Following the transaction, the general counsel now directly owns 37,663 shares in the company, valued at $848,547.39. This represents a 11.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.28% of the stock is owned by company insiders.

Institutional Trading of GameStop

A number of institutional investors have recently modified their holdings of GME. State Street Corp increased its position in shares of GameStop by 38.0% in the third quarter. State Street Corp now owns 11,143,759 shares of the company's stock worth $255,526,000 after purchasing an additional 3,070,571 shares during the period. Vanguard Group Inc. increased its holdings in GameStop by 5.5% in the 4th quarter. Vanguard Group Inc. now owns 39,144,063 shares of the company's stock valued at $1,226,775,000 after buying an additional 2,036,032 shares during the period. Slate Path Capital LP acquired a new position in shares of GameStop in the 4th quarter valued at approximately $60,361,000. Geode Capital Management LLC lifted its holdings in shares of GameStop by 41.8% during the 3rd quarter. Geode Capital Management LLC now owns 6,278,680 shares of the company's stock worth $144,009,000 after acquiring an additional 1,852,088 shares during the period. Finally, D. E. Shaw & Co. Inc. lifted its holdings in shares of GameStop by 606.7% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,650,750 shares of the company's stock worth $51,735,000 after acquiring an additional 1,417,156 shares during the period. 29.21% of the stock is currently owned by institutional investors.

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.