Q2 Earnings Forecast for GameStop Issued By Wedbush

GameStop Corp. (NYSE:GME - Free Report) - Research analysts at Wedbush issued their Q2 2026 earnings per share (EPS) estimates for GameStop in a note issued to investors on Tuesday, July 1st. Wedbush analyst A. Reese anticipates that the company will post earnings of $0.19 per share for the quarter. Wedbush currently has a "Strong Sell" rating 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, Q4 2026 earnings at $0.22 EPS, FY2026 earnings at $0.75 EPS, Q1 2027 earnings at $0.07 EPS, Q2 2027 earnings at $0.06 EPS, Q3 2027 earnings at $0.06 EPS, Q4 2027 earnings at $0.16 EPS, FY2027 earnings at $0.36 EPS, Q1 2028 earnings at $0.06 EPS and FY2028 earnings at $0.29 EPS.

GameStop (NYSE:GME - Get Free Report) last posted its quarterly 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. GameStop had a return on equity of 5.25% and a net margin of 5.67%. The firm had revenue of $732.40 million during the quarter, compared to analysts' expectations of $754.23 million. During the same quarter in the previous year, the business earned ($0.12) earnings per share. The company's revenue was down 16.9% on a year-over-year basis.

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

GameStop Stock Down 1.3%

Shares of GME stock traded down $0.32 during mid-day trading on Friday, hitting $23.64. The company's stock had a trading volume of 5,566,311 shares, compared to its average volume of 11,278,607. GameStop has a 52-week low of $18.73 and a 52-week high of $35.81. The business has a 50-day moving average price of $27.11 and a 200 day moving average price of $26.80. The company has a debt-to-equity ratio of 0.30, a quick ratio of 7.89 and a current ratio of 8.39. The stock has a market cap of $10.57 billion, a price-to-earnings ratio of 51.38 and a beta of -0.81.

Institutional Trading of GameStop

A number of hedge funds have recently bought and sold shares of GME. Nomura Asset Management Co. Ltd. increased its position in GameStop by 32.3% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 2,130 shares of the company's stock worth $67,000 after buying an additional 520 shares in the last quarter. Securian Asset Management Inc. increased its position in GameStop by 1.8% in the fourth quarter. Securian Asset Management Inc. now owns 30,717 shares of the company's stock worth $963,000 after buying an additional 557 shares in the last quarter. Fifth Third Bancorp increased its position in GameStop by 10.3% in the first quarter. Fifth Third Bancorp now owns 6,227 shares of the company's stock worth $139,000 after buying an additional 579 shares in the last quarter. Prudential Financial Inc. increased its position in GameStop by 2.3% in the fourth quarter. Prudential Financial Inc. now owns 28,134 shares of the company's stock worth $882,000 after buying an additional 640 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC increased its position in GameStop by 10.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 6,658 shares of the company's stock worth $209,000 after buying an additional 650 shares in the last quarter. Hedge funds and other institutional investors own 29.21% of the company's stock.

Insiders Place Their Bets

In related news, General Counsel Mark Haymond Robinson sold 1,269 shares of the company's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $23.95, for a total transaction of $30,392.55. Following the completion of the sale, the general counsel owned 127,836 shares in the company, valued at approximately $3,061,672.20. This represents a 0.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Alain Attal acquired 10,000 shares of GameStop stock in a transaction that occurred on Thursday, April 10th. The shares were purchased at an average price of $25.75 per share, with a total value of $257,500.00. Following the transaction, the director owned 572,464 shares of the company's stock, valued at $14,740,948. The trade was a 1.78% increase in their position. The disclosure for this purchase can be found here. 12.28% of the stock is currently owned by corporate insiders.

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.