Wedbush Issues Negative Outlook for GameStop Earnings

GameStop Corp. (NYSE:GME - Free Report) - Wedbush cut their Q4 2026 EPS estimates for GameStop in a research report issued on Monday, March 31st. Wedbush analyst M. Pachter now anticipates that the company will post earnings of $0.22 per share for the quarter, down from their prior estimate 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 Stock Down 6.9 %

Shares of NYSE:GME traded down $1.57 during midday trading on Wednesday, reaching $21.12. The company had a trading volume of 10,982,571 shares, compared to its average volume of 20,027,540. GameStop has a 1-year low of $9.95 and a 1-year high of $64.83. The stock has a market cap of $9.44 billion, a PE ratio of 117.33 and a beta of -0.29. The business's 50 day moving average price is $25.06 and its 200 day moving average price is $25.70.

GameStop (NYSE:GME - Get Free Report) last announced its earnings results on Tuesday, March 25th. The company reported $0.30 EPS 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 business had revenue of $1.28 billion during the quarter, compared to analysts' expectations of $1.48 billion. During the same quarter in the prior year, the company posted $0.21 earnings per share. The firm's revenue was down 28.5% on a year-over-year basis.

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Insider Buying and Selling at GameStop

In other news, insider Daniel William Moore sold 895 shares of the firm'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 sale, the insider now directly owns 31,385 shares of the company's stock, valued at $975,131.95. This trade represents a 2.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, General Counsel Mark Haymond Robinson sold 1,577 shares of the business'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 $48,997.39. Following the transaction, the general counsel now directly owns 42,350 shares in the company, valued at $1,315,814.50. The trade was a 3.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 12.28% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of GameStop by 223.5% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 990 shares of the company's stock valued at $31,000 after purchasing an additional 684 shares during the last quarter. New Wave Wealth Advisors LLC bought a new position in GameStop during the 4th quarter worth $37,000. R Squared Ltd acquired a new stake in shares of GameStop during the fourth quarter worth $51,000. Bessemer Group Inc. boosted its position in shares of GameStop by 67.2% in the fourth quarter. Bessemer Group Inc. now owns 1,720 shares of the company's stock valued at $54,000 after acquiring an additional 691 shares during the period. Finally, UMB Bank n.a. grew its stake in shares of GameStop by 59.9% in the fourth quarter. UMB Bank n.a. now owns 1,820 shares of the company's stock valued at $57,000 after acquiring an additional 682 shares in the last quarter. Institutional investors and hedge funds own 29.21% 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.