Anticipating GameStop’s Earnings: Predictions and Outlook

GameStop, a leading video game and electronics retailer, is set to report its quarterly earnings today. Analysts and investors are closely watching the results due to the recent frenzy around the company’s stock. GameStop experienced a massive surge in its stock price earlier this year due to a Reddit-fueled buying spree, followed by a significant decline. Investors are expecting to see if the company’s earnings align with its recent stock market valuations. Additionally, they will be looking at the company’s plans for its future, including its transformation into an e-commerce-driven business..

You are currently viewing the content of What To Expect From GameStop’s Earnings Today on the hgvt.edu.vn – Trends US

Facade with sign and logo at Game Stop video gaming store in Dublin, California, August 23, 2018. … [+] (Photo by Smith Collection/Gado/Getty Images)

Getty Images

GameStopGME
Corp. is scheduled to report earnings after Wednesday’s close. The stock hit a split adjusted record high at $120.75/share in 2021 after its historic short squeeze and is currently trading near $19/share. The stock is prone to big moves after reporting earnings and can easily gap up if the numbers are strong. Conversely, if the numbers disappoint, the stock can easily gap down. To help you prepare, here is what the Street is expecting:

Gallery: 2023 30 Under 30: Games

31 images

Earnings Preview

The company is expected to report a loss of (-$0.15)/share on $$1.14 billion in revenue. Meanwhile, the so-called Whisper number is a loss of (-$0.17)/share. The Whisper number is the Street’s unofficial view on earnings.

Click on the chart to learn more about MarketSmith

Charts & Data Courtesy MarketSmith Inc.

A Closer Look At The Fundamentals

The company made headlines in 2021 when it had the historic short squeeze. Hollywood made a movie, titled Dumb Money, about the events and that is slated to be released soon. The company has been losing money for years and needs a bullish catalyst to help it turnaround.

A Closer Look At The Technicals

Technically, the stock fell hard after its historic short squeeze rally. The stock has been falling for years and is doing its best to bottom. A new uptrend will be confirmed if the stock can trade -and stay- above $27/share. Until then, the trend, and, the path of least resistance is down. The bulls want to see the stock gap up on the news and the bears want to see it gap down.

Pay Attention To How The Stock Reacts To The News

From where I sit, the most important trait I look for during earnings season is how the market and a specific company reacts to the news. Remember, always keep your losses small and never argue with the tape.

GameStop Corp. is set to report earnings after the market closes, following its record high in 2021 and a subsequent decline. The company, which has been struggling financially, is expected to report a loss of $0.15/share on $1.14 billion in revenue. The stock is prone to significant price movements after earnings announcements, potentially gapping up or down depending on the results. Technically, the stock is still in a downtrend and needs a bullish catalyst to reverse its fortunes. Investors should pay attention to how the stock reacts to the news and manage their losses appropriately.

You are viewing content: What To Expect From GameStop’s Earnings Today on Trends – Realtime search trends
Share this post!.

Hashtags: #Expect #GameStops #Earnings #Today