GameStop Q3 Earnings Preview: Are Video Game Retailer's Losses Shrinking?
Portfolio Pulse from Chris Katje
GameStop Corp (NYSE:GME) is expected to report Q3 financial results after market close on Dec. 6. Analysts predict revenue of $1.18 billion and a loss of 8 cents per share, an improvement from last year's loss of 31 cents per share. The company has surpassed revenue estimates in two of the past five quarters and earnings estimates in three of the past five quarters. Key items include the trend of improving losses and whether the company will hold a conference call. The release of the 'Dumb Money' movie may have increased interest in GameStop, potentially impacting Q3 results. Shares of GameStop traded higher last week with increased volume, and a positive report could lead to a further rise in stock price.
December 05, 2023 | 5:37 pm
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GameStop is anticipated to show improved Q3 results with a smaller loss and stable revenue. The market is watching for continued loss reduction and any strategic insights from a potential conference call. The 'Dumb Money' movie may have influenced stock interest, and a positive report could lead to a stock price increase.
GameStop's Q3 earnings are crucial as they may confirm a trend of reduced losses, which is positive for investor sentiment. The potential conference call could provide strategic insights, affecting investor confidence. The 'Dumb Money' movie's release might have temporarily boosted interest in the stock, which could reflect in the Q3 results. The recent trading activity suggests the market is anticipating a positive report, which, if met or exceeded, could lead to a stock price increase and possibly trigger a short squeeze given the high short interest.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100