Wedbush Issues Pessimistic Outlook for GameStop Earnings

GameStop Corp. (NYSE:GME - Free Report) - Equities researchers at Wedbush dropped their Q4 2026 EPS estimates for shares of GameStop in a note issued to investors on Monday, March 31st. Wedbush analyst M. Pachter now expects that the company will post earnings of $0.22 per share for the quarter, down from their previous forecast of $0.23. The consensus estimate for GameStop's current full-year earnings is $0.08 per share. Wedbush also issued estimates for GameStop's Q4 2027 earnings at $0.19 EPS.

Separately, StockNews.com raised GameStop from a "sell" rating to a "hold" rating in a research report on Thursday, March 27th.

GameStop Trading Down 6.9 %

GameStop stock traded down $1.57 during midday trading on Wednesday, hitting $21.12. The stock had a trading volume of 10,982,571 shares, compared to its average volume of 20,090,217. The business has a fifty day moving average price of $25.06 and a 200 day moving average price of $25.70. GameStop has a 12 month low of $9.95 and a 12 month high of $64.83. The stock has a market cap of $9.44 billion, a P/E ratio of 117.33 and a beta of -0.29.

GameStop (NYSE:GME - Get Free Report) last released its earnings results on Tuesday, March 25th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.21. GameStop had a net margin of 1.45% and a return on equity of 2.11%. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the previous year, the firm earned $0.21 EPS. The company's revenue was down 28.5% on a year-over-year basis.

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Institutional Investors Weigh In On GameStop

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in GameStop by 5.5% in the 4th quarter. Vanguard Group Inc. now owns 39,144,063 shares of the company's stock worth $1,226,775,000 after buying an additional 2,036,032 shares in the last quarter. State Street Corp grew its stake in shares of GameStop by 38.0% in the third quarter. State Street Corp now owns 11,143,759 shares of the company's stock worth $255,526,000 after purchasing an additional 3,070,571 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of GameStop by 6.1% during the fourth quarter. Geode Capital Management LLC now owns 6,659,234 shares of the company's stock valued at $208,769,000 after purchasing an additional 380,554 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of GameStop by 3.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,610,264 shares of the company's stock valued at $113,146,000 after purchasing an additional 107,354 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in GameStop by 26.2% in the fourth quarter. Northern Trust Corp now owns 3,171,303 shares of the company's stock worth $99,389,000 after purchasing an additional 659,345 shares during the period. Institutional investors and hedge funds own 29.21% of the company's stock.

Insider Activity

In other GameStop news, General Counsel Mark Haymond Robinson sold 1,577 shares of the stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $31.07, for a total value of $48,997.39. Following the sale, the general counsel now directly owns 42,350 shares of the company's stock, valued at $1,315,814.50. This trade represents a 3.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Daniel William Moore sold 895 shares of the business's stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $31.07, for a total transaction of $27,807.65. Following the transaction, the insider now directly owns 31,385 shares of the company's stock, valued at approximately $975,131.95. This trade represents a 2.77 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 12.28% of the company's stock.

About GameStop

GameStop Corp., a specialty retailer, provides games and entertainment products through its stores and ecommerce platforms in the United States, Canada, Australia, and Europe. The company sells new and pre-owned gaming platforms; accessories, such as controllers, gaming headsets, and virtual reality products; new and pre-owned gaming software; and in-game digital currency, digital downloadable content, and full-game downloads.