$0.55 EPS Expected for GameStop Corp. (GME) This Quarter

Equities analysts predict that GameStop Corp. (NYSE:GME) will announce earnings per share of $0.55 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for GameStop’s earnings, with the highest EPS estimate coming in at $0.58 and the lowest estimate coming in at $0.50. GameStop posted earnings per share of $0.54 in the same quarter last year, which indicates a positive year-over-year growth rate of 1.9%. The business is expected to announce its next earnings results on Tuesday, November 20th.

According to Zacks, analysts expect that GameStop will report full year earnings of $3.05 per share for the current fiscal year, with EPS estimates ranging from $3.01 to $3.08. For the next financial year, analysts anticipate that the company will post earnings of $2.67 per share, with EPS estimates ranging from $2.09 to $2.99. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that that provide coverage for GameStop.

GameStop (NYSE:GME) last posted its earnings results on Thursday, September 6th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). GameStop had a negative net margin of 0.48% and a positive return on equity of 13.78%. The company had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same quarter last year, the business posted $0.15 EPS. GameStop’s quarterly revenue was down 2.4% compared to the same quarter last year.

GME has been the subject of a number of recent research reports. Jefferies Financial Group set a $18.00 target price on GameStop and gave the company a “buy” rating in a research note on Wednesday, September 5th. Wedbush set a $19.00 target price on GameStop and gave the company a “buy” rating in a research note on Friday, August 31st. Zacks Investment Research lowered GameStop from a “hold” rating to a “sell” rating in a research note on Tuesday, August 28th. Telsey Advisory Group lowered their target price on GameStop from $15.00 to $14.00 and set a “market perform” rating for the company in a research note on Friday, June 1st. Finally, Credit Suisse Group set a $15.00 target price on GameStop and gave the company a “hold” rating in a research note on Friday, June 1st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $16.42.

A number of hedge funds and other institutional investors have recently modified their holdings of GME. Victory Capital Management Inc. grew its stake in GameStop by 56.4% during the 1st quarter. Victory Capital Management Inc. now owns 41,602 shares of the company’s stock valued at $525,000 after purchasing an additional 15,005 shares in the last quarter. Swiss National Bank grew its stake in GameStop by 2.9% during the 1st quarter. Swiss National Bank now owns 176,482 shares of the company’s stock valued at $2,227,000 after purchasing an additional 5,000 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in GameStop by 53.5% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 41,309 shares of the company’s stock valued at $521,000 after purchasing an additional 14,405 shares in the last quarter. Systematic Financial Management LP grew its stake in GameStop by 55.5% during the 1st quarter. Systematic Financial Management LP now owns 88,085 shares of the company’s stock valued at $1,112,000 after purchasing an additional 31,450 shares in the last quarter. Finally, BlackRock Inc. grew its stake in GameStop by 6.2% during the 1st quarter. BlackRock Inc. now owns 9,409,036 shares of the company’s stock valued at $118,742,000 after purchasing an additional 548,437 shares in the last quarter.

Shares of GME stock traded up $0.50 during trading hours on Thursday, reaching $16.02. The company had a trading volume of 2,062,533 shares, compared to its average volume of 4,398,230. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.48 and a current ratio of 1.45. GameStop has a twelve month low of $12.20 and a twelve month high of $20.97. The firm has a market cap of $1.68 billion, a P/E ratio of 4.77 and a beta of 1.31.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 2nd. Shareholders of record on Tuesday, September 18th will be paid a dividend of $0.38 per share. The ex-dividend date is Monday, September 17th. This represents a $1.52 dividend on an annualized basis and a yield of 9.49%. GameStop’s dividend payout ratio (DPR) is presently 45.51%.

GameStop Company Profile

GameStop Corp. operates as a multichannel video game, consumer electronics, and wireless services retailer. It operates in five segments: United States, Canada, Australia, Europe, and Technology Brands. The company sells new and pre-owned video game hardware; video game software; pre-owned and value video games; video game accessories, including controllers, gaming headsets, virtual reality products, memory cards, and other add-ons; and digital products, such as downloadable content, network points cards, prepaid digital and prepaid subscription cards, and digitally downloadable software.

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Earnings History and Estimates for GameStop (NYSE:GME)

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