Research Analysts Issue Forecasts for GameStop Q1 Earnings

GameStop Corp. (NYSE:GME) – Equities research analysts at Wedbush upped their Q1 2026 earnings per share (EPS) estimates for shares of GameStop in a report released on Wednesday, March 26th. Wedbush analyst M. Pachter now expects that the company will post earnings of $0.08 per share for the quarter, up from their prior forecast of $0.03. Wedbush currently has a “Underperform” rating and a $10.00 target price on the stock. The consensus estimate for GameStop’s current full-year earnings is $0.08 per share. Wedbush also issued estimates for GameStop’s Q2 2026 earnings at $0.08 EPS, Q3 2026 earnings at $0.08 EPS, Q4 2026 earnings at $0.23 EPS, FY2026 earnings at $0.47 EPS, Q1 2027 earnings at $0.09 EPS, Q2 2027 earnings at $0.09 EPS, Q3 2027 earnings at $0.09 EPS, Q4 2027 earnings at $0.20 EPS and FY2027 earnings at $0.47 EPS.

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

Separately, StockNews.com raised GameStop from a “sell” rating to a “hold” rating in a research report on Thursday.

GameStop Trading Down 1.5 %

GameStop stock opened at $21.77 on Friday. The business’s 50 day simple moving average is $25.36 and its 200 day simple moving average is $25.66. GameStop has a 12 month low of $9.95 and a 12 month high of $64.83. The company has a market cap of $9.72 billion, a price-to-earnings ratio of 120.92 and a beta of -0.29.

Hedge Funds Weigh In On GameStop

A number of institutional investors have recently added to or reduced their stakes in the business. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in GameStop by 223.5% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 990 shares of the company’s stock worth $31,000 after acquiring an additional 684 shares in the last quarter. New Wave Wealth Advisors LLC bought a new stake in shares of GameStop in the fourth quarter worth about $37,000. R Squared Ltd purchased a new position in shares of GameStop during the fourth quarter valued at approximately $51,000. Bessemer Group Inc. increased its position in GameStop by 67.2% during the 4th quarter. Bessemer Group Inc. now owns 1,720 shares of the company’s stock valued at $54,000 after purchasing an additional 691 shares during the period. Finally, UMB Bank n.a. raised its stake in GameStop by 59.9% in the fourth quarter. UMB Bank n.a. now owns 1,820 shares of the company’s stock worth $57,000 after buying an additional 682 shares in the last quarter. 29.21% of the stock is currently owned by institutional investors.

Insider Activity

In other news, General Counsel Mark Haymond Robinson sold 1,577 shares of GameStop stock in a transaction on Friday, January 3rd. The stock was 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 directly 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Daniel William Moore sold 895 shares of the firm’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $31.07, for a total value of $27,807.65. Following the completion of the transaction, the insider now owns 31,385 shares of the company’s stock, valued at approximately $975,131.95. This represents a 2.77 % decrease in their position. The disclosure for this sale can be found here. Insiders own 12.28% of the company’s stock.

GameStop Company Profile

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.