Wedbush Weighs in on GameStop's Q4 Earnings (NYSE:GME)

GameStop Corp. (NYSE:GME - Free Report) - Analysts at Wedbush raised their Q4 2026 earnings estimates for shares of GameStop in a research report issued to clients and investors on Wednesday, December 11th. Wedbush analyst M. Pachter now forecasts that the company will post earnings of $0.08 per share for the quarter, up from their previous estimate of $0.06. 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 $0.01 per share. Wedbush also issued estimates for GameStop's Q1 2027 earnings at $0.03 EPS, Q2 2027 earnings at $0.03 EPS and Q3 2027 earnings at $0.03 EPS.

GameStop (NYSE:GME - Get Free Report) last posted its earnings results on Tuesday, December 10th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.03) by $0.09. GameStop had a net margin of 1.45% and a return on equity of 2.11%. The company had revenue of $860.30 million during the quarter, compared to analysts' expectations of $887.68 million. The business's revenue for the quarter was down 20.2% compared to the same quarter last year.

Separately, StockNews.com upgraded shares of GameStop to a "sell" rating in a research report on Saturday, October 19th.

GameStop Trading Down 2.5 %

Shares of GameStop stock traded down $0.73 during trading on Friday, reaching $28.02. The company's stock had a trading volume of 4,917,190 shares, compared to its average volume of 19,027,758. GameStop has a one year low of $9.95 and a one year high of $64.83. The stock has a 50-day moving average price of $24.82 and a two-hundred day moving average price of $24.11. The stock has a market capitalization of $12.52 billion, a P/E ratio of 159.51 and a beta of -0.11.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State Street Corp increased its holdings 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 acquiring an additional 3,070,571 shares in the last quarter. Geode Capital Management LLC raised its holdings in GameStop by 41.8% during the 3rd quarter. Geode Capital Management LLC now owns 6,278,680 shares of the company's stock worth $144,009,000 after buying an additional 1,852,088 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of GameStop by 22.6% in the third 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 during the period. Van ECK Associates Corp increased its position in shares of GameStop by 8.1% during the third quarter. Van ECK Associates Corp now owns 1,825,837 shares of the company's stock worth $41,866,000 after acquiring an additional 136,785 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of GameStop by 34.0% during the second quarter. Renaissance Technologies LLC now owns 1,347,136 shares of the company's stock worth $33,261,000 after acquiring an additional 342,178 shares during the period. 29.21% of the stock is currently owned by institutional investors.

Insider Buying and Selling at GameStop

In other GameStop news, insider Daniel William Moore sold 2,624 shares of the stock in a transaction on Friday, October 11th. The shares were sold at an average price of $21.00, for a total value of $55,104.00. Following the sale, the insider now directly owns 32,280 shares in the company, valued at approximately $677,880. This trade represents a 7.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, General Counsel Mark Haymond Robinson sold 4,667 shares of the business's stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $21.96, for a total transaction of $102,487.32. Following the completion of the transaction, the general counsel now directly owns 54,927 shares of the company's stock, valued at $1,206,196.92. This trade represents a 7.83 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,639 shares of company stock worth $481,000. Company insiders own 12.28% of the company's stock.

GameStop Company Profile

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.