GameStop (NYSE: GME) To Soon Release $1.46 /Share Earnings


GameStop Corporation (NYSE: GME) is expected to release $1.46 / share earnings for the ongoing quarter by analysts on 25th March. The company had posted $1.27 /share earnings last year in this quarter and indicates a 15% positive annualized growth rate.

On Monday, the firm traded at $45.80 with the market cap being $3.19B. Their stock consisted of 541,135 trading volume while they have 51,122,355 average volume. Their lowest in 1 year is $2.57 while the highest is $483. Their current, quick, and leverage ratio is 1.05, 0.50, and 0.65. Their 50-day rolling average stands at $74.44 while 200-day is at $26.90.

According to their 7th December report, they had quarterly EPS earnings of $0.53 that topped the $0.85 consensus estimate by almost $0.32. They had a 5.32% net negative margin with a 33.58% negative equity return. They had $1B revenue as compared to $1.09B estimates.

Ventures Of GME Stock

Benchmark downgraded the price objective of GME shares to $5 from $6 and gave a rating of ‘sell. Telsey Advisory raised it to $33 from $22 but reduced the rating to ‘underperform’ from ‘outperform’. Zacks gave it $12 but lifted the rating to ‘hold’ from ‘sell’. Wedbush raised it to $16 from $8 and gave a rating of ‘neutral’. Standpoint Research reduced the rating to ‘hold’ from ‘buy’. The firm has an average ‘hold’ recommendation with an $11.94 price objective.

The Retirement System of State Employees of Louisiana increased their holdings on GME stock by nearly 43.4$, owning $257,000 worth of shares. Honkamp Services raised their stake by roughly 10% and own shares priced at $112,000. Cambridge Advisors upgraded their position by approximately 12.8% and own $604,000 worth of shares. Steward Advisory raised its stake by almost 150.8%, owning shares valued at $322,000.

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