Jim Cramer Says GameStop Is Arguably The Worst Company In America
Portfolio Pulse from Adam Eckert
GameStop Corp (NYSE:GME) reported Q4 revenue of $1.794 billion, missing estimates of $2.05 billion, and earnings of 22 cents per share, below the expected 29 cents. The company did not hold a conference call to discuss these results, continuing a trend for the fourth quarter. Jim Cramer criticized GameStop, calling it arguably the worst company in America, and highlighted a note from Wedbush predicting GameStop's demise within five years due to declining sales from various factors. GameStop shares were down 15.742% at $13.06.
March 27, 2024 | 6:17 pm
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GameStop reported lower than expected Q4 earnings and revenue, with no conference call to explain the results. Jim Cramer and Wedbush analysts predict a grim future for the company.
The significant miss on both revenue and earnings expectations, combined with the lack of a conference call for the fourth consecutive quarter, has likely contributed to a negative investor sentiment. Jim Cramer's harsh criticism and Wedbush's prediction of the company's demise within five years add to the bearish outlook, which is reflected in the stock's sharp decline.
CONFIDENCE 90
IMPORTANCE 95
RELEVANCE 100