Northland Securities Expects Lower Earnings for GameSquare

GameSquare Holdings, Inc. (NASDAQ:GAME) – Stock analysts at Northland Securities decreased their Q4 2026 earnings per share estimates for GameSquare in a note issued to investors on Thursday, April 9th. Northland Securities analyst G. Gibas now expects that the entertainment company will earn $0.01 per share for the quarter, down from their previous estimate of $0.03.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of GameSquare in a report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, GameSquare has an average rating of “Sell”.

GameSquare Stock Performance

GameSquare stock opened at $0.37 on Friday. The firm has a market capitalization of $35.43 million, a price-to-earnings ratio of -0.67 and a beta of 0.82. GameSquare has a fifty-two week low of $0.24 and a fifty-two week high of $2.87. The stock’s fifty day moving average is $0.29 and its two-hundred day moving average is $0.46.

GameSquare (NASDAQ:GAME) last posted its earnings results on Wednesday, April 8th. The entertainment company reported ($0.04) earnings per share for the quarter. The firm had revenue of $18.46 million during the quarter. GameSquare had a negative net margin of 49.30% and a negative return on equity of 168.15%.

Institutional Trading of GameSquare

A number of large investors have recently made changes to their positions in GAME. Geode Capital Management LLC boosted its stake in shares of GameSquare by 23.9% during the second quarter. Geode Capital Management LLC now owns 213,914 shares of the entertainment company’s stock valued at $186,000 after acquiring an additional 41,196 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of GameSquare during the second quarter valued at $38,000. Vanguard Group Inc. boosted its stake in shares of GameSquare by 353.8% during the third quarter. Vanguard Group Inc. now owns 4,282,748 shares of the entertainment company’s stock valued at $2,908,000 after acquiring an additional 3,339,080 shares during the last quarter. UBS Group AG boosted its stake in shares of GameSquare by 275,329.0% during the third quarter. UBS Group AG now owns 1,669,100 shares of the entertainment company’s stock valued at $1,133,000 after acquiring an additional 1,668,494 shares during the last quarter. Finally, B Group Inc. acquired a new stake in shares of GameSquare during the third quarter valued at $170,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

GameSquare News Summary

Here are the key news stories impacting GameSquare this week:

• Positive Sentiment: Short interest fell sharply in March (down ~27.8% to 2,647,513 shares), lowering days-to-cover to ~3.6 and reducing one source of downside pressure on the stock. This decline in short bets helps explain bullish price action.
• Positive Sentiment: Multiple media reports highlight GameSquare’s “first-ever” profitable quarter and a reported ~142% revenue surge in Q4 — bullish narrative that can attract momentum buyers and retail attention. BizJournals: Jerry Jones-backed GameSquare posts first-ever quarterly profit Blockonomi: GameSquare achieves first profitable quarter
• Neutral Sentiment: Company earnings materials and call transcripts are widely circulated (conference call, Seeking Alpha/Yahoo summaries) — these provide more detail for investors but have produced mixed takeaways that support both bulls and skeptics. Seeking Alpha transcript Press release / earnings packet
• Negative Sentiment: An analyst at Northland Securities cut Q4 2026 EPS estimates from $0.03 to $0.01, signaling reduced near-term profitability expectations and giving bears a data point to argue for lower valuation if upside on margins doesn’t materialize.
• Negative Sentiment: Some official earnings reporting and summary figures remain mixed: one market summary lists a ($0.04) EPS for the quarter and shows negative net margin and ROE metrics, creating potential confusion over GAAP vs. adjusted results and increasing short-term volatility as investors parse which numbers reflect ongoing performance. MarketBeat: Earnings summary & call

GameSquare Company Profile

GameSquare Inc (NASDAQ: GAME) is a digital media and marketing company focused on the global gaming and esports industries. The company operates a network of online properties and community platforms that deliver editorial content, live event coverage, and video programming to enthusiasts and consumers. GameSquare’s offerings span both traditional gaming titles and competitive esports leagues, enabling advertisers and brand partners to engage with a diverse and highly engaged audience.

Through its flagship Enthusiast Gaming network, GameSquare oversees a portfolio of more than 35 websites and digital channels, including long-standing properties such as Destructoid, The Escapist and Daily Esports.