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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