GameStop Q4 Earnings Preview: Will Video Game Retailer Unveil Bitcoin Purchase?
Investors and analysts will likely be pouring through GameStop Corp (NYSE:GME) filings not to read about video games, but instead to find out if the company bought Bitcoin (CRYPTO: BTC), which could be revealed when the company reports quarterly financial results Tuesday after market close.
Here’s a look at the earnings estimates from analysts and key items to watch.
Earnings Estimates: Analysts expect GameStop to report fourth-quarter revenue of $1.48 billion, down from $1.79 billion in last year’s fourth quarter according to data from Benzinga Pro.
The company has missed analyst estimates for revenue in five straight quarters and in eight of the past 10 quarters overall.
Analysts expect GameStop to report fourth-quarter earnings per share of eight cents, down from 22 cents per share in last year’s fourth quarter.
The company reported positive earnings of six cents per share and one cent per share in the third and second quarters respectively, after 12 cents per loss in the first quarter.
GameStop has missed analyst estimates for earnings per share in three of …
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