GameSquare Q1 EPS Estimate Lowered by Northland Securities

GameSquare Holdings, Inc. (NASDAQ:GAME) – Equities researchers at Northland Securities cut their Q1 2026 EPS estimates for shares of GameSquare in a research note issued to investors on Thursday, April 9th. Northland Securities analyst G. Gibas now forecasts that the entertainment company will earn ($0.04) per share for the quarter, down from their previous forecast of ($0.03). Northland Securities also issued estimates for GameSquare’s Q3 2026 earnings at ($0.03) EPS and FY2026 earnings at ($0.10) EPS.

GameSquare (NASDAQ:GAME) last released its earnings results on Wednesday, April 8th. The entertainment company reported ($0.04) EPS for the quarter. GameSquare had a negative return on equity of 54.32% and a negative net margin of 60.09%.The firm had revenue of $18.46 million for the quarter.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of GameSquare in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat, GameSquare has a consensus rating of “Sell”.

GameSquare Stock Performance

NASDAQ GAME opened at $0.37 on Monday. GameSquare has a 12 month low of $0.24 and a 12 month high of $2.87. The stock has a market cap of $35.43 million, a price-to-earnings ratio of -0.67 and a beta of 0.82. The company’s 50 day moving average is $0.29 and its two-hundred day moving average is $0.46.

Institutional Investors Weigh In On GameSquare

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GAME. Vanguard Group Inc. raised its position 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 buying an additional 3,339,080 shares during the last quarter. Polar Asset Management Partners Inc. bought a new stake in shares of GameSquare during the third quarter valued at approximately $1,358,000. UBS Group AG raised its position 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 buying an additional 1,668,494 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of GameSquare during the fourth quarter valued at approximately $153,000. Finally, B Group Inc. bought a new stake in shares of GameSquare during the third quarter valued at approximately $170,000. Institutional investors own 64.25% of the company’s stock.

Key GameSquare News

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.