Pacific Crest Releases Pre-earnings Outlook For GameStop

Loading...
Loading...
In a report published Tuesday, Pacific Crest analyst Evan Wilson released pre-earnings coverage on GameStop Corp.
GME
before the retailers Q2 earnings Thursday after the market close. Analyst at Pacific Crest hold high expectations on GameStops upcoming earnings, indicating high NPD results for the quarter. GameStops hardware and software sales exceeded expectations during the quarter. The increase in hardware console sales influenced a surprise in software sales. Pacific Crest increased its year-over-year hardware and new software growth forecast from 80 percent and 5 percent to 113.5 percent and 9 percent, respectively. Although analyst at Pacific Crest are optimist on GameStops second quarter, the firm predicts weak results for full year 2014. Pacific Crest expects new software sale for FQ3 to decline by 30 percent and increase by 10 percent in FQ4.
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorAnalyst Ratings
We simplify the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...