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GameStop (NYSE:GME) is scheduled to announce Q1 earnings outcomes on Wednesday, June 7, after market shut.
Consensus EPS estimate is -$0.12 (+94.2% Y/Y) and consensus income estimate is $1.36B (-1.4% Y/Y). During the last 2 years, GME has overwhelmed EPS estimates 38% of the time and income estimates 75% of the time.
During the last 3 months, EPS estimates have seen 2 upward revisions and 1 downward. Income estimates have seen 1 upward revision and 1 downward.
GameStop (GME) shares soared after the online game retailer posted a shock revenue within the vacation quarter, helped by cost-cutting strikes.
Wedbush considered the outcomes as a fleeting victory for bulls, reiterating its Underperform ranking. It expects new-gen {hardware} gross sales to inevitably cool off, whereas bodily gross sales of video video games proceed to say no.
GameStop (GME) has quietly shifted focus from e-commerce to its brick-and-mortar shops, scrapping plans to construct extra warehouses for on-line orders and shuttering a brand new e-commerce customer support heart.
SA contributor Anna Sokolidou’s base-case state of affairs is that the earnings might be “quite common”. “Regardless of some optimistic developments, GME’s long-term prospects stay doubtful, and it’s thought of overvalued.”
