GameStop (NYSE:GME) Releases Earnings Results, Beats Estimates By $0.21 EPS

GameStop (NYSE:GME) posted its quarterly earnings results on Tuesday. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.09 by $0.21, Zacks reports. GameStop had a return on equity of 2.11% and a net margin of 1.45%. The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same period last year, the firm earned $0.21 EPS. The company’s quarterly revenue was down 28.5% compared to the same quarter last year.

GameStop Trading Down 0.9 %

Shares of NYSE:GME traded down $0.24 during trading on Tuesday, hitting $25.37. 7,382,519 shares of the stock were exchanged, compared to its average volume of 5,614,573. The company has a market cap of $11.34 billion, a PE ratio of 140.95 and a beta of -0.29. The company has a fifty day moving average price of $25.63 and a two-hundred day moving average price of $25.66. GameStop has a 12-month low of $9.95 and a 12-month high of $64.83.

Wall Street Analysts Forecast Growth

Separately, Wedbush reissued an “underperform” rating and issued a $10.00 target price on shares of GameStop in a report on Monday.

Insider Activity at GameStop

In other GameStop news, General Counsel Mark Haymond Robinson sold 1,577 shares of the company’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $31.07, for a total value of $48,997.39. Following the sale, the general counsel now owns 42,350 shares of the company’s stock, valued at $1,315,814.50. This represents a 3.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Daniel William Moore sold 895 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 value of $27,807.65. Following the transaction, the insider now owns 31,385 shares of the company’s stock, valued at $975,131.95. This represents a 2.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.28% of the stock is currently owned by company insiders.

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.