Predictions that it’s game over for GameStop seemed on the mark last week, when the retailer reported that same-store sales were down 18.7% over the Christmas season and that key videogames had failed to meet sales expectations. The Street has been quick to pounce on any weakness since GameStop (GME) cut its earnings guidance two months ago, to $3.73 a share from $3.97, for the fiscal year ending on Jan. 31. As Olson put it, “This quarter will prove to be a microcosm of the next several years for GameStop, an ongoing erosion of the core gaming business that is unable to be offset by strength of new segments.” But don’t toss out your game controllers yet.
- Motley Fool•yesterday
GameStop and GNC Holdings could double this year -- but they could also be cut in half.
- Zacks•2 days ago
Among the top stories this week, GameStop (GME) reported dismal holiday sales data. Meanwhile Nintendo Co., Ltd. (NTDOY) announced the release of its most anticipated console, Switch, on Mar 3, 2017.
GME : Summary for Gamestop Corporation Common Sto - Yahoo Finance
GameStop Corp. (GME)
NYSE - NYSE Delayed Price. Currency in USD
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|Day's Range||23.33 - 23.63|
|52 Week Range||20.10 - 33.72|
Trade prices are not sourced from all markets
|PE Ratio (TTM)||6.27|
|Dividend & Yield||1.48 (6.30%)|
|1y Target Est||N/A|