Q2 Earnings Estimate for GameStop Issued By Wedbush

GameStop Corp. (NYSE:GME - Free Report) - Investment analysts at Wedbush issued their Q2 2026 earnings estimates for GameStop in a research report issued on Tuesday, July 1st. Wedbush analyst A. Reese expects that the company will post earnings per share of $0.19 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.

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

GameStop Price Performance

Shares of NYSE GME traded down $1.04 during trading on Friday, hitting $22.55. The company had a trading volume of 12,828,660 shares, compared to its average volume of 11,285,135. The stock has a fifty day simple moving average of $27.11 and a two-hundred day simple moving average of $26.78. GameStop has a fifty-two week low of $18.73 and a fifty-two week high of $35.81. The firm has a market capitalization of $10.09 billion, a price-to-earnings ratio of 49.02 and a beta of -0.81. The company has a quick ratio of 7.89, a current ratio of 8.39 and a debt-to-equity ratio of 0.30.

GameStop (NYSE:GME - Get Free Report) last announced its earnings results on Tuesday, June 10th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.13. GameStop had a net margin of 5.67% and a return on equity of 5.25%. The business had revenue of $732.40 million for the quarter, compared to analyst estimates of $754.23 million. During the same quarter last year, the business earned ($0.12) earnings per share. The company's revenue for the quarter was down 16.9% compared to the same quarter last year.

Insider Transactions at GameStop

In related news, General Counsel Mark Haymond Robinson sold 1,269 shares of the business's stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $23.95, for a total transaction of $30,392.55. Following the transaction, the general counsel directly owned 127,836 shares in the company, valued at approximately $3,061,672.20. The trade was a 0.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Alain Attal purchased 10,000 shares of the stock in a transaction that occurred on Thursday, April 10th. The shares were acquired at an average price of $25.75 per share, for a total transaction of $257,500.00. Following the completion of the transaction, the director directly 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. Insiders own 12.28% of the company's stock.

Hedge Funds Weigh In On GameStop

Several institutional investors and hedge funds have recently bought and sold shares of GME. Alyeska Investment Group L.P. boosted its holdings in GameStop by 895.4% in the 1st quarter. Alyeska Investment Group L.P. now owns 2,641,427 shares of the company's stock valued at $58,957,000 after purchasing an additional 2,376,051 shares during the last quarter. Vanguard Group Inc. boosted 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 purchasing an additional 2,036,032 shares during the last quarter. Slate Path Capital LP acquired a new position in GameStop in the 4th quarter valued at about $60,361,000. Nuveen LLC acquired a new position in GameStop in the 1st quarter valued at about $33,741,000. Finally, D. E. Shaw & Co. Inc. boosted its holdings in GameStop by 606.7% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,650,750 shares of the company's stock valued at $51,735,000 after purchasing an additional 1,417,156 shares during the last quarter. 29.21% of the stock is currently owned by institutional investors and hedge funds.

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.