GameStop Q2 Preview: Will Bitcoin, Trading Cards Overshadow Video Game Business?
Video game retailer GameStop Corporation (NYSE:GME) looks to show off its growth in collectibles and improving profitability when the company reports second-quarter financial results Tuesday after market close.
Here’s a look at the earnings estimates, what analysts are saying and key items to watch.
Earnings Estimates: Analysts expect GameStop to report second-quarter (Q2) revenue of $823.25 million, up from $798.30 million in last year’s second quarter, according to data from Benzinga Pro.
The company missed analyst estimates for revenue in seven straight quarters. It also missed estimates in eight of the last 10 quarters overall.
Analysts expect the company to report 16 cents in earnings per share, up from 1 cent per share in earnings from last year’s Q2.
The company has beaten analyst estimates for earnings per share in two straight quarters and three of the last four quarters. Overall, the company has beaten analyst estimates for earnings per share in six of the last 10 quarters overall.
What Analysts Are Saying: GameStop is not widely covered by analysts and hasn’t been for years.
Wedbush Securities analyst Michael Pachter, one of the few analysts covering the stock, remains bearish on the retailer.
Pachter’s last investor note said the company’s Bitcoin (CRYPTO: …
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