What is Wedbush’s Estimate for GameStop Q4 Earnings?

GameStop Corp. (NYSE:GME) – Investment analysts at Wedbush upped their Q4 2026 earnings estimates for GameStop in a research report issued to clients and investors on Wednesday, December 11th. Wedbush analyst M. Pachter now forecasts that the company will earn $0.08 per share for the quarter, up from their previous forecast of $0.06. Wedbush has a “Underperform” rating and a $10.00 price target on the stock. The consensus estimate for GameStop’s current full-year earnings is $0.01 per share. Wedbush also issued estimates for GameStop’s Q1 2027 earnings at $0.03 EPS, Q2 2027 earnings at $0.03 EPS and Q3 2027 earnings at $0.03 EPS.

Separately, StockNews.com raised GameStop to a “sell” rating in a research report on Saturday, October 19th.

GameStop Stock Performance

Shares of NYSE:GME opened at $27.99 on Friday. GameStop has a 52-week low of $9.95 and a 52-week high of $64.83. The business’s 50 day simple moving average is $24.95 and its two-hundred day simple moving average is $24.18. The firm has a market cap of $12.51 billion, a P/E ratio of 155.51 and a beta of -0.11.

GameStop (NYSE:GME) last released its quarterly earnings data on Tuesday, December 10th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.09. GameStop had a net margin of 1.45% and a return on equity of 2.11%. The company had revenue of $860.30 million for the quarter, compared to analysts’ expectations of $887.68 million. The business’s revenue for the quarter was down 20.2% compared to the same quarter last year.

Institutional Investors Weigh In On GameStop

Institutional investors have recently added to or reduced their stakes in the company. UMB Bank n.a. lifted its position in shares of GameStop by 535.8% during the 3rd quarter. UMB Bank n.a. now owns 1,138 shares of the company’s stock worth $26,000 after buying an additional 959 shares in the last quarter. AlphaMark Advisors LLC lifted its holdings in GameStop by 41.7% during the second quarter. AlphaMark Advisors LLC now owns 1,345 shares of the company’s stock worth $33,000 after acquiring an additional 396 shares during the period. Centerpoint Advisors LLC purchased a new position in GameStop in the second quarter worth $47,000. CWM LLC grew its stake in GameStop by 115.6% in the 2nd quarter. CWM LLC now owns 2,660 shares of the company’s stock valued at $66,000 after purchasing an additional 1,426 shares during the period. Finally, Quest Partners LLC increased its position in shares of GameStop by 7,156.5% during the 2nd quarter. Quest Partners LLC now owns 6,168 shares of the company’s stock valued at $152,000 after purchasing an additional 6,083 shares during the last quarter. 29.21% of the stock is owned by institutional investors.

Insider Activity

In related news, General Counsel Mark Haymond Robinson sold 4,667 shares of the stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $21.96, for a total value of $102,487.32. Following the completion of the sale, the general counsel now directly owns 54,927 shares of the company’s stock, valued at approximately $1,206,196.92. This represents a 7.83 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Daniel William Moore sold 2,376 shares of GameStop stock in a transaction on Monday, October 7th. The stock was sold at an average price of $21.50, for a total transaction of $51,084.00. Following the transaction, the insider now directly owns 34,904 shares in the company, valued at $750,436. This represents a 6.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 22,639 shares of company stock worth $481,000 over the last three months. 12.28% of the stock is currently owned by insiders.

About GameStop

GameStop Corp., a specialty retailer, provides games and entertainment products through its stores and ecommerce platforms in the United States, Canada, Australia, and Europe. The company sells new and pre-owned gaming platforms; accessories, such as controllers, gaming headsets, and virtual reality products; new and pre-owned gaming software; and in-game digital currency, digital downloadable content, and full-game downloads.