GameStop Q2 Earnings Preview: Analyst Estimates, Return To Profitability In Focus — Will Investors Get Update On Cash Plans?
Portfolio Pulse from Chris Katje
GameStop Corp (NYSE:GME) is set to report its Q2 earnings, with analysts expecting a revenue decline and a loss per share. The company has missed revenue and earnings estimates in recent quarters. Investors are keen on updates regarding cash usage and potential M&A activities. GameStop shares have risen 43% YTD but have recently pulled back.
September 09, 2024 | 4:02 pm
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NEGATIVE IMPACT
GameStop is expected to report a decline in revenue and a loss per share for Q2. The company has a history of missing estimates, and investors are looking for updates on cash usage and potential M&A. Shares have risen 43% YTD but have recently pulled back.
GameStop has consistently missed revenue and earnings estimates, which could negatively impact investor sentiment. The expected decline in revenue and loss per share further adds to the negative outlook. However, the potential for updates on cash usage and M&A could provide some positive news, but the overall short-term impact is likely negative.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100