Wedbush Has Bullish Forecast for GameStop Q4 Earnings

GameStop Corp. (NYSE:GME) – Analysts at Wedbush increased their Q4 2026 earnings per share estimates for shares of GameStop in a note issued to investors on Wednesday, December 11th. Wedbush analyst M. Pachter now forecasts that the company will post earnings of $0.08 per share for the quarter, up from their prior forecast of $0.06. 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 $0.01 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 upgraded GameStop to a “sell” rating in a research report on Saturday, October 19th.

GameStop Trading Down 2.6 %

Shares of NYSE:GME opened at $27.99 on Friday. The stock has a market capitalization of $12.51 billion, a P/E ratio of 155.90 and a beta of -0.11. The stock’s 50-day moving average price is $24.82 and its 200-day moving average price is $24.11. GameStop has a 12-month low of $9.95 and a 12-month high of $64.83.

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

Insiders Place Their Bets

In other news, insider Daniel William Moore sold 1,972 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $21.96, for a total value of $43,305.12. Following the completion of the sale, the insider now directly owns 37,280 shares of the company’s stock, valued at approximately $818,668.80. This trade represents a 5.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, General Counsel Mark Haymond Robinson sold 11,000 shares of the company’s stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $20.82, for a total value of $229,020.00. Following the completion of the sale, the general counsel now directly owns 43,927 shares in the company, valued at approximately $914,560.14. The trade was a 20.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,639 shares of company stock valued at $481,000 in the last quarter. Insiders own 12.28% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. State Street Corp lifted its holdings in shares of GameStop by 38.0% during the third quarter. State Street Corp now owns 11,143,759 shares of the company’s stock valued at $255,526,000 after purchasing an additional 3,070,571 shares in the last quarter. Geode Capital Management LLC raised its position in GameStop by 41.8% in the 3rd quarter. Geode Capital Management LLC now owns 6,278,680 shares of the company’s stock worth $144,009,000 after buying an additional 1,852,088 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in GameStop by 22.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,502,910 shares of the company’s stock valued at $80,322,000 after acquiring an additional 646,488 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in shares of GameStop during the 2nd quarter valued at about $9,577,000. Finally, Renaissance Technologies LLC grew its stake in shares of GameStop by 34.0% in the second quarter. Renaissance Technologies LLC now owns 1,347,136 shares of the company’s stock worth $33,261,000 after acquiring an additional 342,178 shares during the period. 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.