Equities research analysts expect GameStop Corp. (NYSE:GME) to report sales of $1.61 billion for the current quarter, Zacks reports. Three analysts have issued estimates for GameStop’s earnings, with estimates ranging from $1.55 billion to $1.72 billion. GameStop posted sales of $2.08 billion during the same quarter last year, which suggests a negative year-over-year growth rate of 22.6%. The company is scheduled to issue its next earnings report on Thursday, December 5th.

On average, analysts expect that GameStop will report full year sales of $7.25 billion for the current fiscal year, with estimates ranging from $7.18 billion to $7.29 billion. For the next year, analysts forecast that the company will post sales of $7.05 billion, with estimates ranging from $6.82 billion to $7.30 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow GameStop.

GameStop (NYSE:GME) last posted its quarterly earnings data on Tuesday, September 10th. The company reported ($0.32) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.22) by ($0.10). The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.37 billion. GameStop had a negative net margin of 13.59% and a positive return on equity of 15.38%. During the same period in the prior year, the company posted $0.05 earnings per share.

Several research analysts recently issued reports on the stock. ValuEngine raised shares of GameStop from a “sell” rating to a “hold” rating in a research note on Tuesday, September 10th. Ascendiant Capital Markets lowered shares of GameStop from a “buy” rating to a “hold” rating and set a $4.00 target price on the stock. in a research note on Wednesday, June 5th. Wedbush cut their target price on shares of GameStop from $9.00 to $8.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 11th. Bank of America cut their target price on shares of GameStop from $4.00 to $2.50 and set an “underperform” rating on the stock in a research note on Tuesday, August 20th. Finally, Benchmark cut their target price on shares of GameStop from $5.00 to $3.00 and set a “sell” rating on the stock in a research note on Wednesday, September 11th. They noted that the move was a valuation call. Four analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $8.35.

Several institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its stake in shares of GameStop by 1.4% in the second quarter. BlackRock Inc. now owns 15,409,457 shares of the company’s stock valued at $84,290,000 after buying an additional 219,884 shares in the last quarter. FMR LLC lifted its stake in shares of GameStop by 0.6% in the first quarter. FMR LLC now owns 15,295,131 shares of the company’s stock valued at $155,398,000 after buying an additional 93,245 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of GameStop by 905.9% in the second quarter. Renaissance Technologies LLC now owns 5,127,146 shares of the company’s stock valued at $28,045,000 after buying an additional 4,617,446 shares in the last quarter. Aristeia Capital LLC bought a new position in shares of GameStop in the second quarter valued at $16,116,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of GameStop by 627.0% in the first quarter. JPMorgan Chase & Co. now owns 2,734,838 shares of the company’s stock valued at $27,786,000 after buying an additional 2,358,639 shares in the last quarter.

NYSE GME traded up $0.26 on Wednesday, hitting $4.70. 11,257,460 shares of the company were exchanged, compared to its average volume of 10,800,905. The company has a market cap of $416.11 million, a PE ratio of 2.20 and a beta of 0.36. GameStop has a 12 month low of $3.15 and a 12 month high of $16.90. The stock has a fifty day moving average of $3.92 and a 200-day moving average of $6.78. The company has a current ratio of 1.37, a quick ratio of 0.59 and a debt-to-equity ratio of 1.16.

GameStop Company Profile

GameStop Corp. operates as a multichannel video game and consumer electronics retailer in the United States, Canada, Australia, and Europe. The company sells new and pre-owned video game hardware; video game software; pre-owned and value video games; video game accessories, including controllers, gaming headsets, virtual reality products, memory cards, and other add-ons for use with video game hardware and software; and digital products, such as downloadable content, network points cards, prepaid digital and prepaid subscription cards, and digitally downloadable software, as well as collectible products.

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Earnings History and Estimates for GameStop (NYSE:GME)

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