|Bid||13.31 x 100|
|Ask||14.00 x 100|
|Day's Range||13.45 - 13.78|
|52 Week Range||12.20 - 25.31|
|PE Ratio (TTM)||39.76|
|Earnings Date||May 23, 2018 - May 29, 2018|
|Forward Dividend & Yield||1.52 (11.17%)|
|1y Target Est||15.56|
I don’t dislike Electronic Arts Inc. (NASDAQ:EA) stock. There’s an intriguing long-term case for the video game industry as a whole. EA stock has been an outstanding investment over time. And while Electronic Arts isn’t necessarily cheap, it still has the ability to grow into its valuation over time.
After declining for three consecutive fiscal years, Best Buy’s (BBY) revenue grew in fiscal 2018, which ended on February 3, 2018. Best Buy’s revenue grew 7.0% to $42.2 billion in fiscal 2018. The company’s revenue growth rate in fiscal 2018 marked a notable turnaround compared to a decline of 0.3% and 2.0% in fiscal 2017 and fiscal 2016 revenue, respectively.
The stock price of consumer electronics retailer Best Buy (BBY) rose 3.6% on April 18 following news of a partnership with Amazon (AMZN) to sell televisions that have Amazon’s Fire TV system built in. Beginning this summer, Best Buy plans to launch over ten 4K and HD Fire TV Edition models from Toshiba and Best Buy’s in-house brand Insignia. Through this partnership, Best Buy will become the exclusive retailer to sell Fire TV edition smart TVs.
GameStop’s fiscal 2018 guidance was disappointing and investor concerns heightened as the retailer’s strategic transition isn’t gaining sufficient traction.
Index (PMI) data, output in the Consumer Services sector is rising. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way.
GameStop (GME) has witnessed a significant price decline in the past four weeks, and is seeing negative earnings estimate revisions as well.
GameStop (GME) is going through a rough patch, like a player's Lamborghini in Gran Turismo skidding off the track. Analyst Anthony Chukumba downgraded GameStop to Hold from Buy on Tuesday, and cut his price target by $12, to $14, citing a lack of positive news that could boost the shares.
Stocks surged in the final trading day of the quarter. Movado jumped after reporting strong sales and profit gains, while GameStop sank on a disappointing outlook.
There seems to be no end to the agony for shareholders of GameStop Corp. (NYSE:GME). On the heels of its latest earnings announcement, the shares have taken another hit, off about 11% to $12.60. To put this into perspective, the 52-week high on GME stock was about $50 a few years ago.