Analysts Set Expectations for GameStop Corp.’s FY2027 Earnings (NYSE:GME)

GameStop Corp. (NYSE:GME) – Wedbush issued their FY2027 earnings per share estimates for shares of GameStop in a report issued on Friday, September 6th. Wedbush analyst M. Pachter anticipates that the company will earn $0.04 per share for the year. Wedbush has a “Underperform” rating and a $11.00 price objective on the stock. The consensus estimate for GameStop’s current full-year earnings is $0.08 per share.

Separately, StockNews.com upgraded GameStop to a “sell” rating in a research report on Monday, August 26th.

GameStop Trading Up 6.8 %

NYSE GME opened at $23.92 on Monday. The stock’s 50-day simple moving average is $23.32 and its two-hundred day simple moving average is $20.01. GameStop has a twelve month low of $9.95 and a twelve month high of $64.83. The company has a quick ratio of 1.42, a current ratio of 2.22 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $8.40 billion, a price-to-earnings ratio of 299.00 and a beta of -0.17.

GameStop (NYSE:GME) last announced its earnings results on Friday, June 7th. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.03). The company had revenue of $881.80 million during the quarter, compared to analysts’ expectations of $995.30 million. GameStop had a net margin of 0.51% and a return on equity of 1.78%. The company’s revenue for the quarter was down 28.7% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.14) earnings per share.

Institutional Trading of GameStop

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Cubist Systematic Strategies LLC bought a new stake in GameStop in the second quarter worth $9,577,000. Renaissance Technologies LLC increased its position in shares of GameStop by 34.0% during the second quarter. Renaissance Technologies LLC now owns 1,347,136 shares of the company’s stock valued at $33,261,000 after acquiring an additional 342,178 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in GameStop by 12.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,606,532 shares of the company’s stock worth $45,693,000 after acquiring an additional 289,947 shares during the last quarter. Van ECK Associates Corp raised its holdings in GameStop by 14.2% in the 2nd quarter. Van ECK Associates Corp now owns 1,689,052 shares of the company’s stock worth $41,702,000 after acquiring an additional 209,861 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in GameStop by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 25,450,256 shares of the company’s stock valued at $446,143,000 after acquiring an additional 167,145 shares in the last quarter. Hedge funds and other institutional investors own 29.21% of the company’s stock.

Insider Activity

In related news, Director Lawrence Cheng acquired 4,140 shares of the company’s stock in a transaction dated Monday, July 8th. The stock was purchased at an average price of $24.85 per share, with a total value of $102,879.00. Following the completion of the purchase, the director now owns 69,228 shares in the company, valued at approximately $1,720,315.80. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. In related news, General Counsel Mark Haymond Robinson sold 2,215 shares of the stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $26.33, for a total value of $58,320.95. Following the completion of the transaction, the general counsel now directly owns 48,408 shares in the company, valued at approximately $1,274,582.64. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Lawrence Cheng bought 4,140 shares of the firm’s stock in a transaction on Monday, July 8th. The shares were acquired at an average cost of $24.85 per share, with a total value of $102,879.00. Following the purchase, the director now directly owns 69,228 shares of the company’s stock, valued at approximately $1,720,315.80. The disclosure for this purchase can be found here. In the last quarter, insiders sold 3,183 shares of company stock valued at $81,001. Insiders own 12.28% of the company’s stock.

GameStop Company Profile

GameStop Corp., a specialty retailer, provides games and entertainment products through its stores and ecommerce platforms in the United States, Canada, Australia, and Europe. The company sells new and pre-owned gaming platforms; accessories, such as controllers, gaming headsets, and virtual reality products; new and pre-owned gaming software; and in-game digital currency, digital downloadable content, and full-game downloads.