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$1.17 Billion in Gross sales Anticipated for GameStop Corp. (NYSE:GME) This Quarter – MarketBeat

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Wall Avenue analysts count on that GameStop Corp. (NYSE:GME) will report $1.17 billion in gross sales for the present quarter, Zacks Funding Analysis stories. 4 analysts have offered estimates for GameStop’s earnings, with the bottom gross sales estimate coming in at $1.14 billion and the best estimate coming in at $1.24 billion. GameStop reported gross sales of $1.02 billion throughout the identical quarter final yr, which signifies a optimistic year-over-year development charge of 14.7%. The enterprise is scheduled to situation its subsequent quarterly earnings report on Tuesday, June eighth.

On common, analysts count on that GameStop will report full yr gross sales of $5.63 billion for the present fiscal yr, with estimates starting from $5.56 billion to $5.71 billion. For the subsequent monetary yr, analysts forecast that the corporate will put up gross sales of $5.71 billion, with estimates starting from $5.63 billion to $5.82 billion. Zacks Funding Analysis’s gross sales calculations are a imply common primarily based on a survey of sell-side analysis analysts that that present protection for GameStop.

GameStop (NYSE:GME) final posted its earnings outcomes on Monday, March twenty second. The corporate reported $1.34 EPS for the quarter, lacking the consensus estimate of $1.35 by ($0.01). The agency had income of $2.12 billion in the course of the quarter, in comparison with analyst estimates of $2.23 billion. GameStop had a unfavorable web margin of 5.32% and a unfavorable return on fairness of 33.58%. GameStop’s income for the quarter was down 3.3% in comparison with the identical quarter final yr. Throughout the identical interval within the earlier yr, the corporate posted $1.27 EPS.

GME has been the subject of quite a few analysis analyst stories. Wedbush reaffirmed an “underperform” ranking and issued a $29.00 goal worth on shares of GameStop in a report on Tuesday, March thirtieth. Credit score Suisse Group reaffirmed a “promote” ranking on shares of GameStop in a report on Thursday, April 1st. Standpoint Analysis downgraded GameStop from a “purchase” ranking to a “maintain” ranking in a report on Wednesday, January thirteenth. Zacks Funding Analysis downgraded GameStop from a “purchase” ranking to a “maintain” ranking and set a $203.00 goal worth on the inventory. in a report on Friday, March twenty sixth. Lastly, Telsey Advisory Group dropped their worth goal on GameStop from $33.00 to $30.00 and set an “underperform” ranking for the corporate in a analysis word on Tuesday, March thirtieth. 5 analysis analysts have rated the inventory with a promote ranking and three have assigned a maintain ranking to the corporate. The inventory presently has a consensus ranking of “Promote” and a consensus worth goal of $37.06.

Massive buyers have lately made modifications to their positions within the inventory. Regal Wealth Group Inc. purchased a brand new place in GameStop in the course of the 1st quarter price $45,000. IFP Advisors Inc raised its place in GameStop by 59.2% in the course of the 1st quarter. IFP Advisors Inc now owns 538 shares of the corporate’s inventory price $102,000 after buying an extra 200 shares over the past quarter. Stratos Wealth Companions LTD. purchased a brand new place in GameStop in the course of the 1st quarter price $274,000. First United Financial institution Belief acquired a brand new stake in GameStop in the course of the 1st quarter price about $285,000. Lastly, Meeder Asset Administration Inc. grew its holdings in GameStop by 10,112.5% in the course of the 1st quarter. Meeder Asset Administration Inc. now owns 1,634 shares of the corporate’s inventory price $310,000 after buying an extra 1,618 shares in the course of the interval.

Shares of NYSE:GME opened at $173.59 on Monday. The enterprise’s 50 day easy transferring common is $182.01 and its 200 day easy transferring common is $81.50. The corporate has a market capitalization of $12.29 billion, a P/E ratio of -40.84 and a beta of 1.40. GameStop has a 1 yr low of $3.77 and a 1 yr excessive of $483.00. The corporate has a debt-to-equity ratio of 0.65, a present ratio of 1.05 and a fast ratio of 0.50.

GameStop Firm Profile

GameStop Corp., a specialty retailer, offers video games and leisure merchandise via its e-commerce properties and varied shops in the USA, Canada, Australia, and Europe. The corporate sells new and pre-owned online game platforms; equipment, similar to controllers, gaming headsets, digital actuality merchandise, and reminiscence playing cards; new and pre-owned online game software program; and in-game digital foreign money, digital downloadable content material, and full-game downloads, in addition to community factors playing cards, and pay as you go digital and subscription playing cards.

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Get a free copy of the Zacks analysis report on GameStop (GME)

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Earnings History and Estimates for GameStop (NYSE:GME)

This prompt information alert was generated by narrative science know-how and monetary information from MarketBeat so as to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial group previous to publication. Please ship any questions or feedback about this story to [email protected]

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