Wedbush Has Optimistic Outlook of GameStop Q1 Earnings

GameStop Corp. (NYSE:GME) – Equities research analysts at Wedbush increased their Q1 2026 earnings per share estimates for shares of GameStop in a report released on Wednesday, March 26th. Wedbush analyst M. Pachter now anticipates that the company will earn $0.08 per share for the quarter, up from their prior estimate of $0.03. 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 $0.08 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.

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

GameStop Stock Performance

Shares of GME opened at $21.77 on Friday. The firm has a market capitalization of $9.72 billion, a P/E ratio of 120.92 and a beta of -0.29. GameStop has a 52 week low of $9.95 and a 52 week high of $64.83. The stock has a 50 day moving average price of $25.36 and a two-hundred day moving average price of $25.64.

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

Insider Activity at GameStop

In other news, insider Daniel William Moore sold 895 shares of the firm’s stock in a transaction 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 completion of the sale, the insider now directly owns 31,385 shares of the company’s stock, valued at $975,131.95. This trade represents a 2.77 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, General Counsel Mark Haymond Robinson sold 1,577 shares of the business’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $31.07, for a total transaction of $48,997.39. Following the completion of the transaction, the general counsel now directly owns 42,350 shares in the company, valued at $1,315,814.50. This trade represents a 3.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.28% of the stock is owned by insiders.

Institutional Trading of GameStop

Several hedge funds have recently added to or reduced their stakes in the stock. California State Teachers Retirement System increased its stake in shares of GameStop by 3.6% during the 4th quarter. California State Teachers Retirement System now owns 394,588 shares of the company’s stock worth $12,366,000 after purchasing an additional 13,576 shares during the last quarter. United Advisor Group LLC grew its holdings in GameStop by 216.8% during the fourth quarter. United Advisor Group LLC now owns 42,740 shares of the company’s stock valued at $1,339,000 after purchasing an additional 29,250 shares during the period. Forum Financial Management LP purchased a new stake in GameStop in the fourth quarter worth $206,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of GameStop by 42.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,036,589 shares of the company’s stock valued at $32,487,000 after buying an additional 307,903 shares during the period. Finally, Vident Advisory LLC lifted its position in shares of GameStop by 12.1% during the 4th quarter. Vident Advisory LLC now owns 31,384 shares of the company’s stock valued at $984,000 after buying an additional 3,387 shares during the last quarter. Institutional investors own 29.21% 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.