Market Overview

Earnings Outlook for GameStop

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On Wednesday, September 09, GameStop (NYSE: GME) will release its latest earnings report. Here is Benzinga's outlook for the company.

Earnings and Revenue

Sell-side analysts are expecting GameStop's loss per share to be near $1.13 on sales of $1.02 billion. In the same quarter last year, GameStop reported a loss per share of $0.32 on revenue of $1.29 billion. If the company were to report in-line earnings when it publishes results Wednesday, quarterly profit would be down 253.12%. In comparison to analyst estimates in the past, here's how the company's reported EPS stacks up:

Quarter Q1 2020 Q4 2020 Q3 2019 Q2 2019
EPS Estimate -0.46 0.79 0.11 -0.21
EPS Actual -1.61 1.27 -0.49 -0.32
Revenue Estimate 1.09 B 2.24 B 1.62 B 1.34 B
Revenue Actual 1.02 B 2.19 B 1.44 B 1.29 B

Stock Performance

For a full 12 months, the return has risen by 66.88%. Given that these returns are generally positive, long-term shareholders are probably relaxed going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.

Don't be surprised to see the stock move on comments made during its conference call. GameStop is scheduled to hold the call at 17:00:00 ET and can be accessed here: https://viavid.webcasts.com/starthere.jsp?ei=1356549&tp_key=c0a73f1f68

 

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Posted-In: Earnings