What is Wedbush’s Forecast for GameStop Q1 Earnings?

GameStop Corp. (NYSE:GME) – Equities research analysts at Wedbush decreased their Q1 2027 EPS estimates for GameStop in a research report issued on Wednesday, June 11th. Wedbush analyst M. Pachter now expects that the company will earn $0.07 per share for the quarter, down from their prior estimate of $0.09. Wedbush currently has a “Underperform” rating and a $13.50 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 2027 earnings at $0.06 EPS, Q3 2027 earnings at $0.06 EPS, Q4 2027 earnings at $0.16 EPS, FY2027 earnings at $0.36 EPS and Q1 2028 earnings at $0.06 EPS.

GameStop (NYSE:GME) last announced its earnings results on Tuesday, June 10th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.13. GameStop had a net margin of 1.45% and a return on equity of 2.11%. The company had revenue of $732.40 million for the quarter, compared to analyst estimates of $754.23 million. During the same period in the prior year, the business earned ($0.12) earnings per share. GameStop’s quarterly revenue was down 16.9% on a year-over-year basis.

Separately, Wall Street Zen upgraded shares of GameStop from a “sell” rating to a “hold” rating in a research report on Thursday, March 27th.

GameStop Trading Down 23.3%

Shares of GME stock opened at $21.89 on Thursday. GameStop has a 1 year low of $18.73 and a 1 year high of $35.81. The firm’s 50 day moving average is $27.98 and its 200-day moving average is $27.41. The firm has a market capitalization of $9.79 billion, a price-to-earnings ratio of 121.62 and a beta of -0.69.

Insider Buying and Selling

In other GameStop news, CEO Ryan Cohen purchased 500,000 shares of the company’s stock in a transaction that occurred on Thursday, April 3rd. The stock was acquired at an average cost of $21.55 per share, with a total value of $10,775,000.00. Following the completion of the purchase, the chief executive officer now directly owns 37,347,842 shares in the company, valued at approximately $804,845,995.10. This represents a 1.36% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Alain Attal purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, April 10th. The shares were acquired at an average cost of $25.75 per share, with a total value of $257,500.00. Following the completion of the purchase, the director now owns 572,464 shares of the company’s stock, valued at $14,740,948. The trade was a 1.78% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 515,000 shares of company stock valued at $11,140,200 over the last ninety days. Insiders own 12.28% of the company’s stock.

Institutional Investors Weigh In On GameStop

Several large investors have recently bought and sold shares of GME. State of Alaska Department of Revenue increased its stake in GameStop by 2.8% in the fourth quarter. State of Alaska Department of Revenue now owns 46,327 shares of the company’s stock valued at $1,451,000 after purchasing an additional 1,275 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in GameStop by 4.9% in the fourth quarter. Louisiana State Employees Retirement System now owns 112,800 shares of the company’s stock valued at $3,535,000 after purchasing an additional 5,300 shares in the last quarter. New Mexico Educational Retirement Board increased its stake in GameStop by 51.3% in the fourth quarter. New Mexico Educational Retirement Board now owns 78,088 shares of the company’s stock valued at $2,447,000 after purchasing an additional 26,488 shares in the last quarter. Rhumbline Advisers increased its stake in GameStop by 4.2% in the fourth quarter. Rhumbline Advisers now owns 1,069,750 shares of the company’s stock valued at $33,526,000 after purchasing an additional 42,793 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D increased its stake in GameStop by 3.2% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 157,944 shares of the company’s stock valued at $4,950,000 after purchasing an additional 4,953 shares in the last quarter. Institutional investors own 29.21% of the company’s stock.

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.