|Bid||4.6200 x 1000|
|Ask||4.7300 x 1000|
|Day's Range||4.5100 - 4.7500|
|52 Week Range||3.1500 - 16.0600|
|Beta (5Y Monthly)||0.52|
|PE Ratio (TTM)||N/A|
|Earnings Date||Mar 30, 2020 - Apr 05, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Mar 12, 2019|
|1y Target Est||4.45|
GameStop shares plummeted in after hours trading on Monday after the gaming retailer reported sales from the holiday shopping season fell 27.5% to $1.83 billion.
With earnings season in full swing, investors start to get some reports about the most recent holiday sales. We break it down to understand whats going on in the retail industry.
Yahoo Finance speaks at length about the future of retail and the cloud business in an exclusive interview with Microsoft CEO Satya Nadella.
(Bloomberg) -- GameStop Corp. shares tumbled on Tuesday, after it reported a steep decline in same-store sales for the holiday shopping season and lowered its guidance for the year.Analysts viewed the announcement as the latest bit of bad news for the video-game retailer, coming on top of multiple quarters of disappointing results as well as an aborted effort to sell itself.The stock fell 13% and touched its lowest level since September. Shares have lost about 70% of their value from a peak in January 2019.Here’s what analysts are saying about the news:Benchmark Co., Mike Hickey“Deteriorating financial momentum has accelerated, management appears to have abandoned accountability and we see zero terminal value.”Expects “ongoing weakness over the next several quarters” as digital distribution for games “cements its grip on player purchase behavior.”Sell rating, $3 price target.Baird, Colin SebastianThe news shows that “challenges continue,” with the console and digital transitions representing a “double whammy.”The company’s liquidity situation “appears OK for now.”Neutral rating, $5 price target.Loop Capital Markets, Anthony ChukumbaThe holiday sales were “well below our expectations,” and fiscal 2019 results “are tracking to be significantly worse than in the last year of the prior video game console cycle.”The company has a “fairly healthy” balance sheet.Hold rating, $4 price target.Wedbush, Michael PachterEven though GameStop had expected a challenging holiday, the decline seen in new hardware and software sales “was well below expectations.”Reiterates outperform rating and Street-high price target of $8. “Once GameStop is debt free, the short thesis begins to deteriorate.” The upcoming launch of new video-game consoles is seen as a positive catalyst.Story Link: GameStop Analyst Sees ‘Zero Terminal Value’ After Cut OutlookTo contact the reporter on this story: Ryan Vlastelica in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Catherine Larkin at email@example.com, Steven FrommFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.
GameStop (GME) dismal holiday season performance compel the video game retailer to revisit fiscal 2019 view. Management now expects fiscal 2019 comparable store sales to decline in the band of 19-21%.
Benzinga Pro's Stocks To Watch For Tuesday JP Morgan (JPM) - Shares were up 1% following better-than-expected Q4 results. The bank reported quarterly EPS of $2.57 on sales of $28.3 billion. Analysts had ...
Not even Santa Claus could rescue GameStop this Christmas. The brick-and-mortar videogame seller’s stock has slumped more than 10% after the company said holiday sales fell 27.5% from 2018.
GameStop Corp. shares dropped in the extended session Monday after the videogame retailer forecast same-store sales below the Wall Street consensus and said that holiday sales had dropped more than 25%. GameStop shares fell 9.8% after hours, after closing flat at $5.43 in the regular session. For the nine-week period ending Jan. 5, GameStop said global sales fell 27.5% to $1.83 billion, and same-store sales fell 24.7%. "We expected a challenging sales environment for the holiday season as our customers continue to delay purchases ahead of anticipated console launches in late 2020," said George Sherman, GameStop chief executive, in a statement. "However, the accelerated decline in new hardware and software sales coming out of Black Friday and throughout the month of December was well below our expectations, reflective of overall industry trends." The company said it expects same-store sales to drop 19% to 21% for fiscal 2019, while analysts surveyed by FactSet estimate a decline of 17.7%.
GameStop Corp. (GME), today reported sales results for the nine-week holiday period ended January 4, 2020. Total global sales from continuing operations for the holiday period were $1.83 billion, a 27.5% decrease compared to the 2018 nine-week holiday period ended January 5, 2019. Total comparable store sales for the nine-week period decreased 24.7%, following a 1.5% increase in comparable store sales for the similar period in fiscal 2018.
Shares of GameStop Corp. fell in after-hours trading Monday after the video-game retailer reported a sharp decline in holiday sales and warned fiscal 2019 earnings will be below guidance. Comparable store sales for the period decreased 24.7%. "The accelerated decline in new hardware and software sales coming out of black Friday and throughout the month of December was well below our expectations," George Sherman, GameStop's chief executive officer, said in a statement.
Bed Bath & Beyond will have a challenging year ahead, said CFRA retail analyst Camilla Yanushevsky.
GRAPEVINE, Texas, Jan. 08, 2020 -- GameStop Corp. (NYSE: GME), today announced that it will webcast a discussion of the business by George Sherman, chief executive officer, and.
GameStop Corp. (GME) reported quarterly earnings on Dec.10, and the stock gapped lower on another miss of earnings per share (EPS) estimates. GameStop shares closed Thursday, Dec. 26, at $5.40, down 57.2% year to date and in bear market territory at 68% below the 2019 high of $16.90 set on Jan. 18. GameStop stock has been in crash mode since breaking below its "reversion to the mean" during the week of Nov. 27, 2015, when the 200-week SMA was $35.84.
GameStop's (GME) dismal third-quarter fiscal 2019 results and dull view for fiscal 2019 hurt investors. Moreover, the company's pre-owned business continues to witness soft sales.
GRAPEVINE, Texas, Dec. 26, 2019 -- Don’t let the holidays end without unwrapping the gift you really wanted. Take advantage of GameStop’s annual Winter Sale, beginning Dec. 26.
Potential GameStop Corp. (NYSE:GME) shareholders may wish to note that insider John Broderick recently bought US$352k...
GameStop Corp. shares were hit again on Wednesday, as analysts weighed in on another weak quarter that prompted one to invoke Jim Morrison to describe the continued unraveling of the video game retailer.