Particle.news
Download on the App Store

GameStop Set to Report Q3 Results Today as Wall Street Tests Signs of a Turnaround

Consensus targets—$987 million revenue, $0.20 EPS—signal a sharp year-over-year gain toward sustained profitability.

Overview

  • GameStop will release fiscal third-quarter results after Tuesday’s closing bell.
  • Wall Street expects $987.4 million in net sales, up about 15% year over year, and earnings of $0.20 per share.
  • Meeting estimates would mark a third consecutive profitable year and the first back-to-back annual earnings growth since 2015.
  • The retailer posted 22% sales growth in Q2, and analysts model similar double-digit gains for the holiday quarter even as revenue remains far below its 2015 peak.
  • Expectations are tempered by limited analyst coverage, though the company has delivered earnings beats of 61% or more in recent quarters.