Earnings Report: Here’s what to expect from GameStop (NYSE:GME)

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Earnings results for GameStop (NYSE:GME)

Gamestop Corporation is expected* to report earnings on 09/09/2020 after market close. The report will be for the fiscal Quarter ending Jul 2020. According to Zacks Investment Research, based on 5 analysts’ forecasts, the consensus EPS forecast for the quarter is $-1.27. The reported EPS for the same quarter last year was $-0.32.

GameStop last issued its quarterly earnings data on June 9th, 2020. The reported ($1.61) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.73) by $0.88. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.09 billion. Its quarterly revenue was down 34.0% on a year-over-year basis. GameStop has generated $0.22 earnings per share over the last year. GameStop has confirmed that its next quarterly earnings report will be published on Wednesday, September 9th, 2020.

Analyst Opinion on GameStop (NYSE:GME)

7 Wall Street analysts have issued ratings and price targets for GameStop in the last 12 months. Their average twelve-month price target is $5.21, predicting that the stock has a possible downside of 32.28%. The high price target for GME is $9.00 and the low price target for GME is $3.00. There are currently 2 sell ratings and 5 hold ratings for the stock, resulting in a consensus rating of “Hold.”

GameStop has received a consensus rating of Hold. The company’s average rating score is 1.71, and is based on no buy ratings, 5 hold ratings, and 2 sell ratings. According to analysts’ consensus price target of $5.21, GameStop has a forecasted downside of 32.3% from its current price of $7.70. GameStop has only been the subject of 3 research reports in the past 90 days.

Dividend Strength: GameStop (NYSE:GME)

GameStop does not currently pay a dividend. GameStop does not have a long track record of dividend growth.

Insiders buying/selling: GameStop (NYSE:GME)

In the past three months, GameStop insiders have not sold or bought any company stock. Only 2.40% of the stock of GameStop is held by insiders.

Earnings and Valuation of GameStop (NYSE:GME

Earnings for GameStop are expected to grow in the coming year, from ($1.50) to $0.19 per share. The P/E ratio of GameStop is -1.04, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of GameStop is -1.04, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. GameStop has a P/B Ratio of 0.83. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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