Is it Game-Over for GameStop?
By: Leigh Drogen
Harvest Exchange
May 31, 2018
Is it Game-Over for GameStop?
GameStop Corp.
Consumer Discretionary - Special Retail
GameStop Corp. (GME) has their FQ1’18 results scheduled to be released today after the bell. Estimize predicts an EPS of $0.39 while Wall Street predicts an even lower EPS of $0.35, an 11% difference. From a revenue perspective, Estimize predicts a quarterly revenue of $2.0B while the Street predicts a revenue of $1.957B. The Estimize consensus projects a -38% EPS YoY growth rate, and a -2% revenue YoY growth rate. Comparable Store Sales are expected to come in at 1.97%, which is slightly higher than last quarter’s expectation of 1.40%.
GameStop Corp. announced poor guidance for FY18, and investors are pessimistic about the tonight’s impending results. The demand for pre-owned video games and hard-copy games are declining, and GameStop’s profit outlook is worsening. GameStop’s financial standing will be hard to properly measure until the holiday season when it does most of its sales.
(Photo Credit: Mike Mozart)
GameStop Corp.
Consumer Discretionary - Special Retail
GameStop Corp. (GME) has their FQ1’18 results scheduled to be released today after the bell. Estimize predicts an EPS of $0.39 while Wall Street predicts an even lower EPS of $0.35, an 11% difference. From a revenue perspective, Estimize predicts a quarterly revenue of $2.0B while the Street predicts a revenue of $1.957B. The Estimize consensus projects a -38% EPS YoY growth rate, and a -2% revenue YoY growth rate. Comparable Store Sales are expected to come in at 1.97%, which is slightly higher than last quarter’s expectation of 1.40%.
GameStop Corp. announced poor guidance for FY18, and investors are pessimistic about the tonight’s impending results. The demand for pre-owned video games and hard-copy games are declining, and GameStop’s profit outlook is worsening. GameStop’s financial standing will be hard to properly measure until the holiday season when it does most of its sales.
(Photo Credit: Mike Mozart)
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Originally Published at: Is it Game-Over for GameStop?
