GameStop Corp. (NYSE:GME - Free Report) - Equities research analysts at Wedbush raised their Q1 2026 earnings per share estimates for GameStop in a research report issued on Wednesday, March 26th. Wedbush analyst M. Pachter now anticipates that the company will earn $0.08 per share for the quarter, up from their prior forecast of $0.03. Wedbush currently has a "Underperform" rating and a $10.00 target price on the stock. The consensus estimate for GameStop's current full-year earnings is $0.08 per share. Wedbush also issued estimates for GameStop's Q2 2026 earnings at $0.08 EPS, Q3 2026 earnings at $0.08 EPS, Q4 2026 earnings at $0.23 EPS, FY2026 earnings at $0.47 EPS, Q1 2027 earnings at $0.09 EPS, Q2 2027 earnings at $0.09 EPS, Q3 2027 earnings at $0.09 EPS, Q4 2027 earnings at $0.20 EPS and FY2027 earnings at $0.47 EPS.
GameStop (NYSE:GME - Get Free Report) last announced its earnings results on Tuesday, March 25th. The company reported $0.30 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.21. The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.48 billion. GameStop had a net margin of 1.45% and a return on equity of 2.11%. The company's quarterly revenue was down 28.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.21 EPS.
Separately, StockNews.com raised shares of GameStop from a "sell" rating to a "hold" rating in a research report on Thursday.
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GameStop Stock Down 1.5 %
Shares of GameStop stock traded down $0.33 during trading hours on Friday, reaching $21.77. 44,685,450 shares of the stock traded hands, compared to its average volume of 20,039,283. The company has a 50 day moving average price of $25.36 and a 200 day moving average price of $25.66. GameStop has a one year low of $9.95 and a one year high of $64.83. The firm has a market capitalization of $9.72 billion, a price-to-earnings ratio of 120.92 and a beta of -0.29.
Institutional Trading of GameStop
Hedge funds have recently modified their holdings of the company. Thrivent Financial for Lutherans raised its stake in GameStop by 40.0% during the third quarter. Thrivent Financial for Lutherans now owns 91,868 shares of the company's stock valued at $2,107,000 after purchasing an additional 26,259 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of GameStop by 22.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,502,910 shares of the company's stock valued at $80,322,000 after buying an additional 646,488 shares in the last quarter. Centaurus Financial Inc. bought a new position in shares of GameStop in the 3rd quarter valued at about $171,000. The Manufacturers Life Insurance Company grew its position in GameStop by 29.6% in the third quarter. The Manufacturers Life Insurance Company now owns 303,826 shares of the company's stock worth $6,967,000 after acquiring an additional 69,340 shares in the last quarter. Finally, FMR LLC boosted its holdings in shares of GameStop by 7.2% in the 3rd quarter. FMR LLC now owns 41,408 shares of the company's stock worth $949,000 after purchasing an additional 2,793 shares during the period. 29.21% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In related news, General Counsel Mark Haymond Robinson sold 1,577 shares of GameStop stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $31.07, for a total transaction of $48,997.39. Following the sale, the general counsel now owns 42,350 shares of the company's stock, valued at approximately $1,315,814.50. This trade represents a 3.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Daniel William Moore sold 895 shares of the company's stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $31.07, for a total value of $27,807.65. Following the completion of the transaction, the insider now owns 31,385 shares of the company's stock, valued at $975,131.95. The trade was a 2.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 12.28% of the company's stock.
GameStop Company Profile
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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.
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