2 Years Ago
1 Min Read
GME earnings is coming up. A quick overview:
Gamestop Corp (GME) is reporting earnings next week. Lets focus in on how the stock is performing.
Analyst opinions suggest Gamestop Corp will report an EPS (earnings per share) of
-$0.42, -$0.55 on a GAAP basis, on revenue of $1.27B on Wednesday. Over the last 90 days, analysts have lowered estimates twice and raised them once.
Bulls will want to hear that the company beat the analysts' estimates and that the beat is on unexpectedly higher revenues. They'll also want the company to paint a picture that leads analysts to conclude this is just the start of an robust growth story that will play out in the following quarters.
GME bears will be listening for news that the company underperformed the analysts' estimates. After that they'll want to hear about a negative growth story that frames the company's future as one of deceleration or even decline in revenues over the following quarters
If you're new to playing earnings reports, it's important to be aware that sometimes the majority of a stock's price movement can be caused by a change in the analysts' estimates based on the Q&A from the conference call with management discussing the earnings report, rather than from the earnings report itself. The more of these moves you watch, the better you'll recognize the signs over time.
Shares of GME were trading at $34.5 as of August 23. Over the last 52-weeks, shares are down -46.03%. A larger percentage here can mean investors have a stronger bullish or bearish outlook on the stock.
Analyst opinions suggest Gamestop Corp will report an EPS (earnings per share) of
-$0.42, -$0.55 on a GAAP basis, on revenue of $1.27B on Wednesday. Over the last 90 days, analysts have lowered estimates twice and raised them once.
Bulls will want to hear that the company beat the analysts' estimates and that the beat is on unexpectedly higher revenues. They'll also want the company to paint a picture that leads analysts to conclude this is just the start of an robust growth story that will play out in the following quarters.
GME bears will be listening for news that the company underperformed the analysts' estimates. After that they'll want to hear about a negative growth story that frames the company's future as one of deceleration or even decline in revenues over the following quarters
If you're new to playing earnings reports, it's important to be aware that sometimes the majority of a stock's price movement can be caused by a change in the analysts' estimates based on the Q&A from the conference call with management discussing the earnings report, rather than from the earnings report itself. The more of these moves you watch, the better you'll recognize the signs over time.
Shares of GME were trading at $34.5 as of August 23. Over the last 52-weeks, shares are down -46.03%. A larger percentage here can mean investors have a stronger bullish or bearish outlook on the stock.
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