What is Wedbush’s Estimate for GameStop FY2028 Earnings?

GameStop Corp. (NYSE:GME) – Stock analysts at Wedbush issued their FY2028 EPS estimates for GameStop in a research note issued to investors on Wednesday, March 26th. Wedbush analyst M. Pachter forecasts that the company will post earnings of $0.47 per share for the year. Wedbush has a “Underperform” rating and a $10.00 price objective on the stock. The consensus estimate for GameStop’s current full-year earnings is $0.08 per share.

Separately, StockNews.com upgraded shares of GameStop from a “sell” rating to a “hold” rating in a report on Thursday.

GameStop Stock Performance

GameStop stock opened at $21.89 on Thursday. The company’s 50 day simple moving average is $25.48 and its 200-day simple moving average is $25.66. GameStop has a 1 year low of $9.95 and a 1 year high of $64.83. The company has a market capitalization of $9.78 billion, a price-to-earnings ratio of 121.64 and a beta of -0.29.

GameStop (NYSE:GME) last released its quarterly earnings results on Tuesday, March 25th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.09 by $0.21. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.48 billion. GameStop had a net margin of 1.45% and a return on equity of 2.11%. The business’s revenue for the quarter was down 28.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.21 EPS.

Insider Activity at GameStop

In related news, General Counsel Mark Haymond Robinson sold 1,577 shares of GameStop stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $31.07, for a total value of $48,997.39. Following the completion of the transaction, the general counsel now owns 42,350 shares in the company, valued at approximately $1,315,814.50. The trade was a 3.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Daniel William Moore sold 895 shares of the stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $31.07, for a total transaction of $27,807.65. Following the sale, the insider now owns 31,385 shares in the company, valued at approximately $975,131.95. This trade represents a 2.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 12.28% of the company’s stock.

Institutional Trading of GameStop

Several hedge funds have recently modified their holdings of the stock. Thrivent Financial for Lutherans increased its holdings in GameStop by 40.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 91,868 shares of the company’s stock worth $2,107,000 after purchasing an additional 26,259 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of GameStop by 22.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,502,910 shares of the company’s stock worth $80,322,000 after buying an additional 646,488 shares in the last quarter. Penserra Capital Management LLC increased its stake in shares of GameStop by 110.8% during the third quarter. Penserra Capital Management LLC now owns 47,118 shares of the company’s stock worth $1,080,000 after buying an additional 24,761 shares during the period. Centaurus Financial Inc. acquired a new stake in GameStop in the third quarter valued at approximately $171,000. Finally, The Manufacturers Life Insurance Company lifted its stake in GameStop by 29.6% in the third quarter. The Manufacturers Life Insurance Company now owns 303,826 shares of the company’s stock worth $6,967,000 after acquiring an additional 69,340 shares during the last quarter. 29.21% of the stock is currently owned by institutional investors and hedge funds.

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.