We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
GameStop (GME) Advances But Underperforms Market: Key Facts
Read MoreHide Full Article
GameStop (GME - Free Report) closed the latest trading day at $25.90, indicating a +0.04% change from the previous session's end. The stock trailed the S&P 500, which registered a daily gain of 0.72%. At the same time, the Dow added 0.3%, and the tech-heavy Nasdaq gained 1.35%.
The the stock of video game retailer has fallen by 21.12% in the past month, lagging the Consumer Discretionary sector's gain of 2.95% and the S&P 500's gain of 1.02%.
The investment community will be closely monitoring the performance of GameStop in its forthcoming earnings report. The company is expected to report EPS of $0.09, down 59.09% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $1.45 billion, down 19.16% from the year-ago period.
It is also important to note the recent changes to analyst estimates for GameStop. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. GameStop is holding a Zacks Rank of #1 (Strong Buy) right now.
From a valuation perspective, GameStop is currently exchanging hands at a Forward P/E ratio of 143.83. For comparison, its industry has an average Forward P/E of 17.55, which means GameStop is trading at a premium to the group.
The Gaming industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 47, putting it in the top 19% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
GameStop (GME) Advances But Underperforms Market: Key Facts
GameStop (GME - Free Report) closed the latest trading day at $25.90, indicating a +0.04% change from the previous session's end. The stock trailed the S&P 500, which registered a daily gain of 0.72%. At the same time, the Dow added 0.3%, and the tech-heavy Nasdaq gained 1.35%.
The the stock of video game retailer has fallen by 21.12% in the past month, lagging the Consumer Discretionary sector's gain of 2.95% and the S&P 500's gain of 1.02%.
The investment community will be closely monitoring the performance of GameStop in its forthcoming earnings report. The company is expected to report EPS of $0.09, down 59.09% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $1.45 billion, down 19.16% from the year-ago period.
It is also important to note the recent changes to analyst estimates for GameStop. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. GameStop is holding a Zacks Rank of #1 (Strong Buy) right now.
From a valuation perspective, GameStop is currently exchanging hands at a Forward P/E ratio of 143.83. For comparison, its industry has an average Forward P/E of 17.55, which means GameStop is trading at a premium to the group.
The Gaming industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 47, putting it in the top 19% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.