Earnings Preview: GameStop
Portfolio Pulse from Benzinga Insights
GameStop (NYSE:GME) is scheduled to release its quarterly earnings report on Wednesday, 2023-12-06, with an estimated EPS of $-0.08. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, GameStop's share price has been sensitive to earnings performance and guidance. Last quarter, GME beat the EPS estimate, resulting in a 0.75% share price increase the following day. Over the last year, GME shares have declined by 23.94%.
December 05, 2023 | 2:01 pm
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POSITIVE IMPACT
GameStop is anticipated to report a quarterly EPS of $-0.08. A beat on this estimate and positive future guidance could positively impact the stock price, as seen historically. However, with a 23.94% decline over the past year, investor sentiment may be cautious.
Given GameStop's history of stock price sensitivity to earnings performance and guidance, a positive report could lead to a short-term increase in stock price. The importance is high due to the potential for a shift in investor sentiment, especially if GME can reverse the negative trend. Confidence is not at 100 due to market volatility and the unpredictable nature of investor reactions.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100