GameStop Q2 Earnings Preview: Revenue And EPS Estimates, Analyst Warnings, And Executive Changes
Portfolio Pulse from Chris Katje
GameStop Corp (NYSE:GME) is set to report its Q2 financial results. Analysts expect a revenue of $1.14 billion and a loss of 14 cents per share. The company has missed revenue estimates in three of the last four quarters and earnings per share estimates in six of the last eight quarters. Wedbush analyst Michael Pachter predicts more downside for the company, citing underwhelming Microsoft hardware sales and other factors. The company has also seen several personnel changes in 2023, including the resignation of CEO Matt Furlong and CFO Diana Saadeh-Jajeh.
September 05, 2023 | 4:46 pm
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GameStop is expected to report a Q2 loss, and an analyst predicts more downside for the company. The company has also seen significant personnel changes.
The company's expected Q2 loss, the analyst's prediction of more downside, and the recent personnel changes are all factors that could negatively impact GameStop's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100