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GameStop (GME) Outpaces Stock Market Gains: What You Should Know
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GameStop (GME - Free Report) closed the most recent trading day at $20.49, moving +1.34% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.09%. Meanwhile, the Dow gained 0.07%, and the Nasdaq, a tech-heavy index, added 0.98%.
Heading into today, shares of the video game retailer had lost 10.45% over the past month, lagging the Retail-Wholesale sector's gain of 4.96% and the S&P 500's gain of 4.59% in that time.
GameStop will be looking to display strength as it nears its next earnings release. In that report, analysts expect GameStop to post earnings of -$0.17 per share. This would mark year-over-year growth of 67.31%. Our most recent consensus estimate is calling for quarterly revenue of $1.34 billion, down 2.68% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.51 per share and revenue of $5.8 billion. These totals would mark changes of +50% and -2.19%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for GameStop. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 32.3% higher. GameStop is holding a Zacks Rank of #2 (Buy) right now.
The Retail - Consumer Electronics industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 102, which puts it in the top 41% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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GameStop (GME) Outpaces Stock Market Gains: What You Should Know
GameStop (GME - Free Report) closed the most recent trading day at $20.49, moving +1.34% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.09%. Meanwhile, the Dow gained 0.07%, and the Nasdaq, a tech-heavy index, added 0.98%.
Heading into today, shares of the video game retailer had lost 10.45% over the past month, lagging the Retail-Wholesale sector's gain of 4.96% and the S&P 500's gain of 4.59% in that time.
GameStop will be looking to display strength as it nears its next earnings release. In that report, analysts expect GameStop to post earnings of -$0.17 per share. This would mark year-over-year growth of 67.31%. Our most recent consensus estimate is calling for quarterly revenue of $1.34 billion, down 2.68% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.51 per share and revenue of $5.8 billion. These totals would mark changes of +50% and -2.19%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for GameStop. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 32.3% higher. GameStop is holding a Zacks Rank of #2 (Buy) right now.
The Retail - Consumer Electronics industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 102, which puts it in the top 41% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.