What's Going On With GameStop Stock?
Portfolio Pulse from Henry Khederian
GameStop Corp (NYSE:GME) shares are stable at $14.92 as the market anticipates their Q3 earnings report after-hours today. The company is expected to report $1.18 billion in revenue, a slight decrease from last year's $1.186 billion, and an 8 cent loss per share, which is an improvement from the previous year's 31 cent loss. GameStop has a history of surpassing revenue estimates and has beaten earnings per share estimates three times in the past five quarters. The stock had gained momentum in late November, potentially due to strong Black Friday and Cyber Monday sales.
December 06, 2023 | 7:34 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
GameStop is anticipated to report Q3 earnings with $1.18 billion in revenue and an 8 cent loss per share. The stock is currently stable, reflecting market anticipation.
The stability of GME's stock price suggests that the anticipated earnings report is already priced in. However, given the company's history of surpassing estimates, there could be a positive surprise that might lead to a short-term price increase. The importance is high due to the earnings report being a significant event, but confidence is not at the maximum because market reactions can be unpredictable.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100