Q2 EPS is 1/3 of Q1's and 1/10 of Q4's. Not gonna matter if guidance is below, IMO. Same happened to EA, ATVI and they jumped after ER.
...However, the analysts expect the Q2 guidance to be below the consensus expectations due to tough software comps. The stock's performance could be adversely impacted in the event that the guidance is issued below consensus, the Wedbush report says.
At the end of next week, can we hold $40 or $41, $42 or above......?
Great quarter followed by a 0.36 dividend in early Jun.... shorts to be toasted....
Should be a Solid Quarter as I haven't ever heard of a Translucent one before.
Sentiment: Strong Buy
Piper Jaffray maintains an Overweight rating and $47.00 price target on GameStop (NYSE: GME) leading up to Q1 results.
"Third, full game downloads added $114 million to the quarter, flat year-on-year, with strong sales of Battlefield Hardline, Dragon Age: Inquisition, and the Sims 4 offsetting the falloff in Battlefield 4 and Titanfall sales. Our Origin service for PC gamers increased its monthly player engagement levels by two-thirds over the previous year, and continues to strongly grow revenues and users."
Wanted to provide the direct quote from the earnings report.
Most digital sales such as download from smartphone and tablet are not target market of GME. It is very simple -- console unit sales and new physical console software sales are growing in double digits in April. You may argue April is small month but I believe the trend is there -- which is physical disc is growing not dying.
Gamestop gets a piece of the game add-on downloads when customers choose to buy a season pass from Gamestop when they buy new software.
Sentiment: Strong Buy
And what about the rest of the report, which doesn't look good, the upward movement is crazy.
"Sales of full games downloaded over the Internet and game adds-on like additional storylines or, in the case with mobile games, in-app purchases hit $1.1 billion in April, up more than 15 percent from this time a year ago, according to SuperData Research.
In their respective quarterly earnings reports earlier this month, big-name game makers Electronic Arts and Activision Blizzard yet again reiterated the industry's commitment to shift to sales over the Internet.
Of EA's $4.3 billion in sales last year, after some accounting adjustments, a record $2.2 billion came from Internet sales of both full games and add-ons. Sales from EA's growing library of titles for smartphones and tablets also hit a new record, ringing up $524 million for the year. Activision said a record 76 percent, or $538 million, of its total revenue came from sales over the Internet of full-game downloads and in-game adds-ons.
Before long, the sight of an eager game player heading to the local GameStop to purchase the newest title may be a relic of the past.
LOL, yeah, really makes you wonder. maybe his mom keeps yelling at him to take out the garbage and do the dishes instead of playing on the puter
Company punishes testers who leaked unannounced Gears of War by indefinitely bricking their systems.....
What's next? Wrote a bad xbox review and your xbox is locked up forever?
I bet all the people in the trailer park work at the circus with beefyboy the biggest clown around. Wow you got a tough life beefy boy no wonder why you are always negative about everything. Not only do you not know a think about investing, but after Gamestop fired you it leave you spending your time going city to city in your ugly clown outfit being made fun of people of all ages. Well at least when your done you can get back to your little shack in the trailer park in some run down town in Mississipi, Kentucky or Alabama.
Beefy boy your the dope. You have not provided one piece of news, analysis or even said something that was remotely inteligent. You probably havent bought or shorted a stock in your life and it doesnt appear you know anything about this stock except to say its going down. Im guess ing you got fired from the company and this is your way to retalitate. Since you got a fasination with clowns why dont you apply to wear the Ronald McDonald suit for a while.