GameStop: Analysts Expect Revenues Of $1.16 Billion For Q1

GameStop Corp (NYSE: GME) will be reporting its first quarter financial results today after market close. Analysts have a consensus $62.25 12-month price target on the company, via a total of 4 analysts, with two analysts having a hold rating, one analyst has a sell rating and another analyst has a strong sell rating. The street high is a $175 price target, and the lowest target sits at $10.

All four analysts have revenue estimates for the first quarter. The mean revenue estimate between the 4 analysts is $1.16 billion; this number has been revised slightly lower from $1.21 billion at the start of the year. The highest revenue estimate is $1.24 billion, while the lowest is $1.11 billion.

The analyst consensus for net income for the first quarter is ($57.4) million, this is down from the start of the year at ($28.56) million. The highest net income estimate is ($9.6) million, while the lowest is ($93) million.

Onto EBITDA estimates, there are currently 3 analysts who have first quarter EBITDA estimates. The mean is currently ($55.39) million, with this number having been revised lower from ($10) million at the start of the year. The street high estimate currently sits at ($31.18) million in EBITDA and the lowest is ($84) million.

Analysts estimate that quarterly earnings per share will come in at ($0.77), with this number being lower from the ($0.51) estimate at the start of the year. The street high is ($0.15) and the lowest estimate is ($1.32) per share for the quarter.

Information for this briefing was found via Sedar and Refinitiv. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

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