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GameStop (GME) Stock Dips While Market Gains: Key Facts
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In the latest trading session, GameStop (GME - Free Report) closed at $26.44, marking a -1.38% move from the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.41%. Elsewhere, the Dow lost 0.07%, while the tech-heavy Nasdaq added 1.11%.
The stock of video game retailer has risen by 18.42% in the past month, leading the Consumer Discretionary sector's gain of 0.85% and the S&P 500's gain of 1.46%.
Analysts and investors alike will be keeping a close eye on the performance of GameStop in its upcoming earnings disclosure. In that report, analysts expect GameStop to post earnings of $0.2 per share. This would mark a year-over-year decline of 16.67%. Alongside, our most recent consensus estimate is anticipating revenue of $722.5 million, indicating a 12% downward movement from the same quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.09 per share and a revenue of $3.36 billion, indicating changes of -7.63% and -7.33%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for GameStop. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. As of now, GameStop holds a Zacks Rank of #3 (Hold).
In the context of valuation, GameStop is at present trading with a Forward P/E ratio of 24.6. For comparison, its industry has an average Forward P/E of 14.79, which means GameStop is trading at a premium to the group.
The Gaming industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 161, putting it in the bottom 35% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
View the Zacks #1 Rank List
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GameStop (GME) Stock Dips While Market Gains: Key Facts
In the latest trading session, GameStop (GME - Free Report) closed at $26.44, marking a -1.38% move from the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.41%. Elsewhere, the Dow lost 0.07%, while the tech-heavy Nasdaq added 1.11%.
The stock of video game retailer has risen by 18.42% in the past month, leading the Consumer Discretionary sector's gain of 0.85% and the S&P 500's gain of 1.46%.
Analysts and investors alike will be keeping a close eye on the performance of GameStop in its upcoming earnings disclosure. In that report, analysts expect GameStop to post earnings of $0.2 per share. This would mark a year-over-year decline of 16.67%. Alongside, our most recent consensus estimate is anticipating revenue of $722.5 million, indicating a 12% downward movement from the same quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.09 per share and a revenue of $3.36 billion, indicating changes of -7.63% and -7.33%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for GameStop. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. As of now, GameStop holds a Zacks Rank of #3 (Hold).
In the context of valuation, GameStop is at present trading with a Forward P/E ratio of 24.6. For comparison, its industry has an average Forward P/E of 14.79, which means GameStop is trading at a premium to the group.
The Gaming industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 161, putting it in the bottom 35% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.