$GameStop(GME)$ is expected to release its quarterly earnings report Mar 21, 2022 – Mar 25, 2022. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $0.78 per share this quarter, however they have predicted annual earnings per share of -$1.77 for 2022 and -$0.82 for 2023. It means analysts are expecting annual earnings per share growth of 17.30% this year and 53.70% next year.
Analysts have forecast the company to bring in revenue of $2.25 billion for the current quarter, with the likely lows of $2.15 billion and highs of $2.38 billion. The average estimate suggests sales will likely up by 6.10% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2022 is $6.01 billion. The company’s revenue is forecast to grow by 18.00% over what it did in 2022.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of GameStop Corp. No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest GME has a 100% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned GME a recommendation rating is 3. Out of them, 1 rate it a Hold, while 0 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged GameStop as Underweight, while 2 advise Sell. Analysts have rated the stock Underweight, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that GME’s price is currently -16.45% off the SMA20 and -18.68% off the SMA50. The RSI metric on the 14-day chart is currently showing 37.24, and weekly volatility stands at 9.19%. When measured over the past 30 days, the indicator reaches 9.43%. GameSto’s beta value is currently sitting at -1.50, while the Average True Range indicator is currently displaying 10.90. With analysts defining $23.00-$100.00 as the low and high price targets, we arrive at a consensus price target of $56.00 for the trailing 12-month period. The current price is about 76.85% off the estimated low and -0.65% off the forecast high, based on this estimate. Investors will be thrilled if GME’s share price rises to $45.00, which is the median consensus price. At that level, GME’s share price would be 54.71% above current price.
To see how GameStop Corp. stock has been performing in comparison to its peers in the industry, here are the numbers: GME stock’s performance was -11.02% in the latest trading, and -48.92% in the past year, while $Apple(AAPL)$ has traded -2.37% on the day and positioned 36.90% higher than it was a year ago. Another comparable company $AT&T Inc(T)$ saw its stock close -1.26% lower in the most recent trading session but was down -21.41% in a year. Furthermore, $Best Buy(BBY)$ showed a decrease of -1.31% on the day while its price kept declining at -1.75% over the past year. Also in last trading session, the S&P 500 Index has plunged -2.95%, while the Dow Jones Industrial also saw a negative session, down -2.37% on the day.
An evaluation of the daily trading volume of GameStop indicates that the 3-month average is 3.01 million.
Currently, records show that 75.90 million of the company’s shares remain outstanding. The insiders hold 17.98% of outstanding shares, whereas institutions hold 28.70%. However, since the stock’s price has seen -33.05% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
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