Wedbush Issues Optimistic Estimate for GameStop Earnings

GameStop Corp. (NYSE:GME - Free Report) - Investment analysts at Wedbush boosted their Q2 2026 earnings per share estimates for GameStop in a research note issued on Wednesday, June 11th. Wedbush analyst M. Pachter now anticipates that the company will earn $0.19 per share for the quarter, up from their previous estimate of $0.08. Wedbush has a "Underperform" rating and a $13.50 price target on the stock. The consensus estimate for GameStop's current full-year earnings is $0.08 per share. Wedbush also issued estimates for GameStop's Q3 2026 earnings at $0.15 EPS, FY2026 earnings at $0.75 EPS and FY2028 earnings at $0.29 EPS.

Separately, Wall Street Zen raised GameStop from a "sell" rating to a "hold" rating in a research report on Thursday, March 27th.

GameStop Trading Up 0.2%

NYSE GME traded up $0.04 during trading hours on Friday, reaching $22.18. 59,696,094 shares of the company traded hands, compared to its average volume of 12,399,407. The stock has a market capitalization of $9.92 billion, a PE ratio of 123.20 and a beta of -0.69. GameStop has a 12 month low of $18.73 and a 12 month high of $35.81. The company has a 50 day moving average of $27.98 and a two-hundred day moving average of $27.41.

GameStop (NYSE:GME - Get Free Report) last issued its earnings results on Tuesday, June 10th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.13. The company had revenue of $732.40 million during the quarter, compared to the consensus estimate of $754.23 million. GameStop had a return on equity of 2.11% and a net margin of 1.45%. The company's revenue was down 16.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.12) earnings per share.

Insider Activity

In other news, Director Alain Attal acquired 10,000 shares of the stock in a transaction on Thursday, April 10th. The shares were purchased at an average cost of $25.75 per share, for a total transaction of $257,500.00. Following the transaction, the director now owns 572,464 shares in the company, valued at approximately $14,740,948. This trade represents a 1.78% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Daniel William Moore sold 1,608 shares of the company's stock in a transaction on 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 directly owns 29,777 shares in the company, valued at $670,875.81. The trade was a 5.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 515,000 shares of company stock valued at $11,140,200. Company insiders own 12.28% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of GameStop by 223.5% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 990 shares of the company's stock valued at $31,000 after acquiring an additional 684 shares during the last quarter. Bessemer Group Inc. boosted its position in GameStop by 67.2% during the fourth quarter. Bessemer Group Inc. now owns 1,720 shares of the company's stock worth $54,000 after purchasing an additional 691 shares during the period. Nomura Asset Management Co. Ltd. grew its holdings in GameStop by 32.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 2,130 shares of the company's stock valued at $67,000 after purchasing an additional 520 shares during the last quarter. UMB Bank n.a. raised its position in shares of GameStop by 100.6% in the first quarter. UMB Bank n.a. now owns 3,651 shares of the company's stock valued at $81,000 after purchasing an additional 1,831 shares during the period. Finally, US Bancorp DE lifted its stake in shares of GameStop by 92.5% in the first quarter. US Bancorp DE now owns 3,726 shares of the company's stock worth $83,000 after buying an additional 1,790 shares during the last quarter. 29.21% of the stock is owned by institutional investors and hedge funds.

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.