Wedbush Brokers Decrease Earnings Estimates for GameStop

GameStop Corp. (NYSE:GME) – Research analysts at Wedbush lowered their Q4 2026 EPS estimates for GameStop in a report released on Monday, March 31st. Wedbush analyst M. Pachter now expects that the company will post earnings of $0.22 per share for the quarter, down from their previous estimate of $0.23. 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. Wedbush also issued estimates for GameStop’s Q4 2027 earnings at $0.19 EPS.

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

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

GameStop Trading Down 0.2 %

Shares of GameStop stock opened at $22.57 on Wednesday. GameStop has a 12-month low of $9.95 and a 12-month high of $64.83. The company has a market cap of $10.09 billion, a price-to-earnings ratio of 125.40 and a beta of -0.29. The company’s 50-day moving average price is $25.06 and its 200-day moving average price is $25.70.

Insider Buying and Selling at GameStop

In related news, General Counsel Mark Haymond Robinson sold 1,577 shares of the business’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $31.07, for a total transaction of $48,997.39. Following the transaction, the general counsel now owns 42,350 shares in the company, valued at $1,315,814.50. The trade was a 3.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Daniel William Moore sold 895 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 $27,807.65. Following the sale, the insider now directly owns 31,385 shares in the company, valued at approximately $975,131.95. The trade was a 2.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 12.28% of the company’s stock.

Hedge Funds Weigh In On GameStop

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