Several analysts working at Wall Street have been expecting the stocks of GME to post an EPS of around $1.62 for this quarter. According to reports, there are close to four analysts who have given a definitive estimate on the earnings of the company. The lowest EPS is in the range of $1.22, while the highest goes all the way to $2.08. The EPS of GME last year was $1.27, which is indicative of a positive annual growth rate of 27.6%.
The Quarterly Earnings of GME
The stocks of GME previously released their data of quarterly earnings on the 7th of December. The EPS reported by the company was around $0.53 for the quarter, which was more than the consensus estimate of about $0.85. The revenue of the firm was $1 billion, which could be compared to the estimates by the analysts. The company has a negative return on its equity at around 33.58%, with the net margin at a negative 5.32%.
There have been quite a few research analysts who have commented on the stocks of the company. Telsey Advisory Group has already reduced the price target on GME from $19 to $18, while putting a rating of outperform on the stocks of the company in a 9th December research report. Loop Capital, on the other hand, went ahead and increased the price target of the company from $6 to $9, in a 23rd September research report.
Jefferies Financial Group also reduced the rating of the company from buy to hold, but increased the target price from $10 to $13. In the end, Wedbush joined in the game with a price target of $16 and a rating of neutral on the stocks of the company.
Two of the investment analysts working on the stocks of GME have given it a rating of sell, with four of them giving it a rating of hold. Currently, the price target of the company is $10.06.
