GameStop (NYSE:GME) Issues FY20 Earnings Guidance

GameStop (NYSE:GME) issued an update on its FY20 earnings guidance on Monday morning. The company provided earnings per share guidance of net loss for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.13.

Several research firms have commented on GME. Wedbush restated a buy rating and issued a $8.00 price target on shares of GameStop in a report on Tuesday. Benchmark restated a sell rating and issued a $3.00 target price on shares of GameStop in a report on Wednesday, December 11th. Telsey Advisory Group upped their price target on shares of GameStop from $5.00 to $6.00 and gave the stock a market perform rating in a research report on Monday, November 4th. Credit Suisse Group cut their price target on shares of GameStop from $6.00 to $5.00 and set an underperform rating on the stock in a research note on Wednesday, December 11th. Finally, Robert W. Baird decreased their price target on shares of GameStop from $6.00 to $5.00 and set a neutral rating on the stock in a report on Wednesday, December 11th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. GameStop presently has a consensus rating of Hold and a consensus target price of $6.15.

GameStop stock traded up $0.04 during trading on Thursday, reaching $4.65. 30,935 shares of the company’s stock were exchanged, compared to its average volume of 4,642,523. GameStop has a 52-week low of $3.15 and a 52-week high of $16.90. The firm has a market cap of $310.49 million, a price-to-earnings ratio of 2.17 and a beta of 0.47. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.37 and a current ratio of 1.18. The company’s 50-day moving average is $5.88 and its two-hundred day moving average is $5.14.

GameStop (NYSE:GME) last issued its earnings results on Tuesday, December 10th. The company reported ($0.49) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.55). The company had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.62 billion. GameStop had a positive return on equity of 8.27% and a negative net margin of 9.27%. GameStop’s quarterly revenue was down 25.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.36 EPS. Analysts anticipate that GameStop will post 0.14 EPS for the current year.

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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