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:
- Brokerages Anticipate GameStop Corp. (GME) Will Announce Earnings of $0.56 Per Share (americanbankingnews.com)
- GameStop (GME) Earnings Expected to Grow: Should You Buy? (finance.yahoo.com)
- GameStop (GME) to Sell Spring Mobile Unit for $700M (streetinsider.com)
- GameStop (GME) Gains on $700M Deal to Sell Spring Mobile Unit (finance.yahoo.com)
- GameStop (GME) to Release Earnings on Thursday (americanbankingnews.com)
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.
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.
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.
Further Reading: Technical Analysis of Stocks, How Can It Help
Receive News & Ratings for GameStop Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GameStop and related companies with MarketBeat.com's FREE daily email newsletter.