GameStop Q1 Adj EPS $(0.12) Misses $(0.09) Estimate, Sales $881.80M Miss $1.05B Estimate
Portfolio Pulse from Benzinga Newsdesk
GameStop (NYSE:GME) reported Q1 adjusted EPS of $(0.12), missing the $(0.09) estimate, and sales of $881.80M, missing the $1.05B estimate. This represents a 14.29% improvement in EPS but a 28.71% decline in sales compared to the same period last year.
June 07, 2024 | 10:08 am
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NEGATIVE IMPACT
GameStop's Q1 earnings report showed a miss on both EPS and sales estimates. While EPS improved by 14.29% YoY, sales declined by 28.71%, indicating potential challenges in revenue generation.
The miss on both EPS and sales estimates is likely to negatively impact GameStop's stock price in the short term. The significant decline in sales compared to the same period last year suggests underlying challenges in revenue generation, which could concern investors.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100