GameStop (GME) Earning Very Favorable News Coverage, Study Shows

Press coverage about GameStop (NYSE:GME) has trended very positive this week, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. GameStop earned a media sentiment score of 3.14 on their scale. InfoTrie also assigned news stories about the company an news buzz score of 8 out of 10, meaning that recent press coverage is very likely to have an effect on the stock’s share price in the next few days.

Here are some of the news stories that may have impacted GameStop’s ranking:

GME has been the topic of several analyst reports. Wedbush set a $19.00 price objective on GameStop and gave the stock a “buy” rating in a report on Friday, September 7th. Jefferies Financial Group set a $18.00 price objective on GameStop and gave the stock a “buy” rating in a report on Wednesday, September 5th. Zacks Investment Research upgraded GameStop from a “sell” rating to a “hold” rating in a report on Monday, September 10th. Loop Capital restated a “hold” rating and set a $16.00 price objective on shares of GameStop in a report on Monday, September 10th. Finally, Credit Suisse Group set a $15.00 price objective on GameStop and gave the stock a “hold” rating in a report on Friday, September 7th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $14.50.

NYSE:GME opened at $13.71 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.48 and a current ratio of 1.45. GameStop has a 12 month low of $12.14 and a 12 month high of $20.31. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 4.10 and a beta of 1.13.

GameStop (NYSE:GME) last released its quarterly earnings data on Thursday, September 6th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.03). GameStop had a negative net margin of 0.48% and a positive return on equity of 13.78%. The company had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.61 billion. During the same period last year, the business earned $0.15 earnings per share. The company’s revenue for the quarter was down 2.4% compared to the same quarter last year. Equities research analysts anticipate that GameStop will post 3.05 EPS for the current fiscal year.

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About GameStop

GameStop Corp. operates as a multichannel video game, consumer electronics, and wireless services retailer. It operates in five segments: United States, Canada, Australia, Europe, and Technology Brands. The company sells new and pre-owned video game hardware; video game software; pre-owned and value video games; video game accessories, including controllers, gaming headsets, virtual reality products, memory cards, and other add-ons; and digital products, such as downloadable content, network points cards, prepaid digital and prepaid subscription cards, and digitally downloadable software.

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