GameStop (GME - Free Report) just released its first-quarter financial results, posting adjusted earnings of $0.38 per share and revenues of $1.93 billion.
GameStop is currently a Zacks Rank #4 (Sell), which is subject to change based on today’s results. Shares of GameStop are down over 39% during the last year and have slipped nearly 16% in the last 12 weeks. The company’s stock also dipped 1.64% on Thursday to hit $13.20 per share prior to the release of its quarterly earnings results.
GameStop stock is currently down 4.55% to $12.60 per share in after-hours trading shortly after its earnings report was released.
GME:
Beat earnings estimates. The company posted adjusted earnings of $0.38 per share, beating the Zacks Consensus Estimate of $0.35 per share.
Missed revenue estimates. The company saw revenue figures of $1.93 billion, missing our consensus estimate of $1.96 billion.
GameStop saw its quarterly revenues sink by 5.5% from $2.05 billion in the year-ago period. The video game retailer’s comparable store sales fell by 5.3%. Meanwhile, its adjusted quarterly earnings plummeted from $0.63 per share.
Here’s a graph that looks at GME’s Price, Consensus and EPS Surprise history:
Check back later for our full analysis on GME’s earnings report!
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With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
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Zacks Names "Single Best Pick to Double"
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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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GameStop (GME - Free Report) just released its first-quarter financial results, posting adjusted earnings of $0.38 per share and revenues of $1.93 billion.
GameStop is currently a Zacks Rank #4 (Sell), which is subject to change based on today’s results. Shares of GameStop are down over 39% during the last year and have slipped nearly 16% in the last 12 weeks. The company’s stock also dipped 1.64% on Thursday to hit $13.20 per share prior to the release of its quarterly earnings results.
GameStop stock is currently down 4.55% to $12.60 per share in after-hours trading shortly after its earnings report was released.
GME:
Beat earnings estimates. The company posted adjusted earnings of $0.38 per share, beating the Zacks Consensus Estimate of $0.35 per share.
Missed revenue estimates. The company saw revenue figures of $1.93 billion, missing our consensus estimate of $1.96 billion.
GameStop saw its quarterly revenues sink by 5.5% from $2.05 billion in the year-ago period. The video game retailer’s comparable store sales fell by 5.3%. Meanwhile, its adjusted quarterly earnings plummeted from $0.63 per share.
Here’s a graph that looks at GME’s Price, Consensus and EPS Surprise history:
Check back later for our full analysis on GME’s earnings report!
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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