GameStop Q4 2024 Adj EPS $0.22 Misses $0.29 Estimate
Portfolio Pulse from Benzinga Newsdesk
GameStop reported Q4 2024 adjusted earnings per share (EPS) of $0.22, missing the consensus estimate of $0.29 by 24.14%. Quarterly sales were $1.794 billion, below the consensus estimate of $2.050 billion by 12.47%.
March 26, 2024 | 8:07 pm
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NEGATIVE IMPACT
GameStop's Q4 2024 earnings and sales missed analyst estimates, indicating potential short-term negative impact on its stock price.
Missing both earnings and sales estimates typically leads to negative investor sentiment in the short term, potentially causing a decrease in stock price. Given the significant miss in both EPS and sales figures, it's reasonable to expect a negative impact on GameStop's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100