GameStop (GME) closed at $180.67 in the latest trading session, marking a +0.04% move from the prior day. This change outpaced the S&P 500’s 0.85% loss on the day.
Prior to today’s trading, shares of the video game retailer had gained 9.87% over the past month. This has outpaced the Retail-Wholesale sector’s loss of 4.09% and the S&P 500’s loss of 0.41% in that time.
GME will be looking to display strength as it nears its next earnings release. In that report, analysts expect GME to post earnings of -$0.56 per share. This would mark year-over-year growth of 65.22%. Meanwhile, our latest consensus estimate is calling for revenue of $1.17 billion, up 14.63% from the prior-year quarter.
GME’s full-year Zacks Consensus Estimates are calling for earnings of -$0.63 per share and revenue of $5.63 billion. These results would represent year-over-year changes of +70.56% and +10.69%, respectively.
Any recent changes to analyst estimates for GME should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company’s business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.