ScopeNew
Monday, June 23, 2025
  • Guide
  • Business & Finance
  • Technology
  • Health
  • Legal
  • Travel & Tour
  • More
    • Shopping
    • Cryptocurrency
    • Real Estate
    • Automobile
No Result
View All Result
  • Guide
  • Business & Finance
  • Technology
  • Health
  • Legal
  • Travel & Tour
  • More
    • Shopping
    • Cryptocurrency
    • Real Estate
    • Automobile
No Result
View All Result
ScopeNew
No Result
View All Result
Home Business & Finance

GameStop remains focused on the fundamentals of gaming.

Ruby McKenzie by Ruby McKenzie
June 12, 2021
in Business & Finance
A A
0
GameStop remains focused on the fundamentals of gaming.
Share on FacebookShare on Twitter

GameStop Corp. (GME), the famous meme stock, may have market action that is utterly disconnected from its fundamentals as a business, but that does not exempt it from filing financial reports. On Wednesday, June 9, the video game retailer will have an earnings call after market hours.

GME shares have risen an incredible 1,639.13 percent year to date, thanks mostly to a high-profile short squeeze in January and continued retail enthusiasm since then. GameStop, for example, has seen its stock rise by nearly 86 percent in the last 30 days. Despite the fact that some of the most bullish investors aren’t expecting much from earnings, they will undoubtedly be a part of the story.

RELATED POSTS

Real Trading Practice with Zero Risk: Exploring Pocket Option’s Demo Platform

Real Trading Practice with Zero Risk: Exploring Pocket Option’s Demo Platform

June 20, 2025
Bar Replay Free: The Secret Weapon Smart Traders Use (Without Paying a Dime)

Bar Replay Free: The Secret Weapon Smart Traders Use (Without Paying a Dime)

June 20, 2025

Expectations for Earnings
GameStop is expected to report $1.16 billion in revenue and a –0.67 EPS, according to Wall Street analysts. GameStop’s guidance has been delayed, and the company’s turnaround strategy remains a mystery.

Profits in the Past
GameStop’s earnings per share (EPS) missed Wall Street projections of $1.46, coming in at $1.34.

Recommendations from Analysts

On June 7, Wedbush Securities analyst Michael Pachter restated his Sell recommendation on the stock, stating that the current price value does not reflect the company’s underlying fundamentals or cash flows. Pachter maintained his $39 price objective, implying a probable 87 percent drop from the company’s $300 closing share price on Tuesday.

GameStop, according to Pachter, is best positioned to benefit from new gaming console releases and sales, despite recent semiconductor supply chain bottlenecks limiting sales growth. Pachter anticipates net sales to fall short of Wall Street estimates, but he is optimistic about the company’s move to eCommerce and huge store closures in 2020.

With that in mind, he predicted that the company would return to profitability by the end of FY21.

The analyst also stated that it was unclear who would succeed the current exiting CEO, adding to the company’s future uncertainties. Furthermore, it is uncertain if it will profit from the stock’s dramatic surge or not.

Regardless of the big questions, none of them are theoretically important to short-term price movement as long as retail investor euphoria burns brightly and fervently.

GameStop has a Moderate Sell analyst rating, based on 1 Buy, 2 Hold, and 3 Sell recommendations. The average analyst GME price objective is $67.25, implying a possible drop of 77.58 percent over the next 12 months.

Ruby McKenzie

Ruby McKenzie

Hello, I'm Ruby, a versatile wordsmith with a passion for storytelling and a love for exploring diverse niches. With a keen eye for detail and a creative flair, I craft a compelling content that captivates readers across all topics. From Tech, Guide, DIY and Travel to , Legal, Health, Entertainment, Sports, lifestyle and Finance, I delve deep into each subject, delivering valuable insights and engaging narratives.

Related Posts

Real Trading Practice with Zero Risk: Exploring Pocket Option’s Demo Platform

Real Trading Practice with Zero Risk: Exploring Pocket Option’s Demo Platform

by Ruby McKenzie
June 20, 2025
0

Trading in financial markets demands skill, precision, and the confidence to make smart decisions under pressure. For new traders, jumping...

Bar Replay Free: The Secret Weapon Smart Traders Use (Without Paying a Dime)

Bar Replay Free: The Secret Weapon Smart Traders Use (Without Paying a Dime)

by Ruby McKenzie
June 20, 2025
0

Let’s be honest—everyone loves free stuff. Free Wi-Fi. Free coffee. Free trial you forget to cancel. And if you're a...

How Road Freight Shapes Global Supply Chains

How Road Freight Shapes Global Supply Chains

by Ruby McKenzie
June 19, 2025
0

In the global economy, efficiency and speed are the backbone of successful supply chains. While sea and air freight often...

The Pros and Cons of Opening Zero Balance Savings Accounts

The Pros and Cons of Opening Zero Balance Savings Accounts

by Ruby McKenzie
June 9, 2025
0

In a world where everything is moving faster - and online - a zero balance savings account seems like a...

Think Outside of the Box: How SAP Business Data Cloud Is Empowering Enterprises

Think Outside of the Box: How SAP Business Data Cloud Is Empowering Enterprises

by Ruby McKenzie
June 4, 2025
0

In a nutshell, a well-structured ERP system plays the role of the digital core of a business. If we are...

Next Post
Transplant Hero is acquired by CareDx, and its shares rises.

Transplant Hero is acquired by CareDx, and its shares rises.

UiPath Outperforms Expectations in Q1; Shares Drop 7% After-Hours

UiPath Outperforms Expectations in Q1; Shares Drop 7% After-Hours

Please login to join discussion
  • Privacy Policy
  • Contact Us
  • Advertise

© 2025 ScopeNew. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Guide
  • Business & Finance
  • Technology
  • Health
  • Legal
  • Travel & Tour
  • Real Estate
  • Lifestyle
  • Entertainment
  • Shopping
  • Automobile
  • Cryptocurrency
  • Sports

© 2025 ScopeNew. All Rights Reserved.