What is Wedbush’s Forecast for GameStop Q1 Earnings?

GameStop Corp. (NYSE:GME) – Equities research analysts at Wedbush reduced their Q1 2027 EPS estimates for shares of GameStop in a research note issued to investors on Wednesday, June 11th. Wedbush analyst M. Pachter now expects that the company will post earnings of $0.07 per share for the quarter, down from their previous 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 posted its quarterly earnings data on Tuesday, June 10th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $754.23 million. During the same quarter in the previous year, the firm posted ($0.12) EPS. The business’s revenue was down 16.9% compared to the same quarter last year.

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 Stock Performance

NYSE:GME opened at $21.89 on Thursday. The firm’s 50-day moving average is $27.98 and its 200-day moving average is $27.41. GameStop has a 52-week low of $18.73 and a 52-week high of $35.81. The company has a market cap of $9.79 billion, a price-to-earnings ratio of 121.62 and a beta of -0.69.

Hedge Funds Weigh In On GameStop

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GME. Alyeska Investment Group L.P. boosted its position in GameStop by 895.4% in the first quarter. Alyeska Investment Group L.P. now owns 2,641,427 shares of the company’s stock valued at $58,957,000 after buying an additional 2,376,051 shares in the last quarter. Vanguard Group Inc. boosted its position in GameStop by 5.5% in the fourth quarter. Vanguard Group Inc. now owns 39,144,063 shares of the company’s stock valued at $1,226,775,000 after buying an additional 2,036,032 shares in the last quarter. Slate Path Capital LP acquired a new position in GameStop in the fourth quarter valued at about $60,361,000. Nuveen LLC acquired a new position in GameStop in the first quarter valued at about $33,741,000. Finally, D. E. Shaw & Co. Inc. boosted its position in GameStop by 606.7% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,650,750 shares of the company’s stock valued at $51,735,000 after buying an additional 1,417,156 shares in the last quarter. 29.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, General Counsel Mark Haymond Robinson sold 4,687 shares of GameStop stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $22.53, for a total transaction of $105,598.11. Following the sale, the general counsel now directly owns 37,663 shares in the company, valued at approximately $848,547.39. The trade was a 11.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Daniel William Moore sold 1,608 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $22.53, for a total transaction of $36,228.24. Following the completion of the transaction, the insider now owns 29,777 shares in the company, valued at approximately $670,875.81. This trade represents a 5.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have acquired 515,000 shares of company stock worth $11,140,200. Corporate insiders own 12.28% 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.