GameStop (GME) to Release Earnings on Friday

GameStop (NYSE:GME - Get Free Report) is expected to announce its Q1 2025 earnings results before the market opens on Friday, June 6th. Analysts expect the company to announce earnings of $0.08 per share and revenue of $754.23 million for the quarter.

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GameStop (NYSE:GME - Get Free Report) last announced its quarterly earnings data on Tuesday, March 25th. The company reported $0.30 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.28 billion during the quarter, compared to analysts' expectations of $1.48 billion. During the same period in the previous year, the company earned $0.21 EPS. The business's quarterly revenue was down 28.5% compared to the same quarter last year. On average, analysts expect GameStop to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

GameStop Price Performance

Shares of NYSE GME opened at $29.54 on Friday. The company has a market capitalization of $13.21 billion, a price-to-earnings ratio of 164.09 and a beta of -0.76. GameStop has a 1-year low of $18.73 and a 1-year high of $48.00. The business has a 50-day moving average of $26.84 and a 200-day moving average of $27.30.

Insiders Place Their Bets

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In related news, CEO Ryan Cohen bought 500,000 shares of the business's stock in a transaction dated Thursday, April 3rd. The shares were bought at an average cost of $21.55 per share, with a total value of $10,775,000.00. Following the completion of the transaction, the chief executive officer now directly owns 37,347,842 shares of the company's stock, valued at approximately $804,845,995.10. This trade represents a 1.36% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Alain Attal purchased 10,000 shares of the company's stock in a transaction that occurred on Thursday, April 10th. The shares were acquired at an average cost of $25.75 per share, for a total transaction of $257,500.00. Following the completion of the transaction, the director now directly owns 572,464 shares of the company's stock, valued at $14,740,948. This trade represents a 1.78% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 515,000 shares of company stock worth $11,140,200. 12.28% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. AQR Capital Management LLC grew its position in GameStop by 312.2% in the 1st quarter. AQR Capital Management LLC now owns 29,438 shares of the company's stock worth $623,000 after purchasing an additional 22,297 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in GameStop by 33.2% in the first quarter. Goldman Sachs Group Inc. now owns 262,143 shares of the company's stock worth $5,851,000 after purchasing an additional 65,325 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of GameStop by 9.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,131,481 shares of the company's stock worth $25,255,000 after purchasing an additional 94,892 shares in the last quarter. 29.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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Several research firms have recently commented on GME. Wall Street Zen upgraded GameStop from a "sell" rating to a "hold" rating in a research note on Thursday, March 27th. Wedbush set a $11.50 price target on GameStop in a report on Wednesday, March 26th.

Read Our Latest Research Report on GME

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.

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