Wedbush Issues Negative Outlook for GameStop Earnings

GameStop Corp. (NYSE:GME - Free Report) - Analysts at Wedbush lowered their Q4 2026 earnings estimates for GameStop in a research note issued on Monday, March 31st. Wedbush analyst M. Pachter now forecasts that the company will post earnings of $0.22 per share for the quarter, down from their previous forecast 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 earnings results on Tuesday, March 25th. The company reported $0.30 EPS for the quarter, beating analysts' consensus estimates of $0.09 by $0.21. GameStop had a return on equity of 2.11% and a net margin of 1.45%. The business had revenue of $1.28 billion for the quarter, compared to analysts' expectations of $1.48 billion. During the same quarter in the prior year, the firm earned $0.21 earnings per share. The firm's revenue was down 28.5% on a year-over-year basis.

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

GameStop Stock Up 10.6 %

Shares of NYSE GME traded up $2.24 during trading hours on Wednesday, reaching $23.34. 20,513,368 shares of the stock traded hands, compared to its average volume of 20,216,583. The company has a market capitalization of $10.44 billion, a P/E ratio of 129.68 and a beta of -0.29. The company's 50-day simple moving average is $24.83 and its two-hundred day simple moving average is $25.73. GameStop has a 52-week low of $9.95 and a 52-week high of $64.83.

Institutional Trading of GameStop

A number of institutional investors have recently modified their holdings of GME. Charles Schwab Investment Management Inc. increased its holdings in GameStop by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,610,264 shares of the company's stock valued at $113,146,000 after purchasing an additional 107,354 shares during the period. Foundations Investment Advisors LLC purchased a new position in shares of GameStop during the fourth quarter valued at approximately $878,000. Retirement Systems of Alabama raised its holdings in shares of GameStop by 41.7% during the third quarter. Retirement Systems of Alabama now owns 471,156 shares of the company's stock valued at $10,804,000 after acquiring an additional 138,597 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in GameStop by 2.4% in the fourth quarter. Bank of New York Mellon Corp now owns 2,565,455 shares of the company's stock worth $80,401,000 after acquiring an additional 60,673 shares during the period. Finally, Swiss National Bank boosted its holdings in GameStop by 5.5% in the fourth quarter. Swiss National Bank now owns 834,228 shares of the company's stock valued at $26,145,000 after acquiring an additional 43,700 shares in the last quarter. 29.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at GameStop

In other news, General Counsel Mark Haymond Robinson sold 4,687 shares of the 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 completion of the sale, the general counsel now owns 37,663 shares of the company's stock, valued at approximately $848,547.39. This represents a 11.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Daniel William Moore sold 1,608 shares of GameStop stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $22.53, for a total transaction of $36,228.24. Following the completion of the transaction, the insider now directly owns 29,777 shares in the company, valued at approximately $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. Company insiders own 12.28% of the company's stock.

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.