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Earnings Outlook for GameStop

Benzinga Insights
·1 min read

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.

View more earnings on GME

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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