Wedbush Issues Optimistic Estimate for GameStop Earnings

GameStop Corp. (NYSE:GME) – Investment analysts at Wedbush boosted their Q1 2026 EPS estimates for shares of GameStop in a research note issued to investors on Wednesday, March 26th. Wedbush analyst M. Pachter now expects that the company will earn $0.08 per share for the quarter, up from their previous estimate of $0.03. Wedbush has a “Underperform” rating and a $10.00 price target on the stock. The consensus estimate for GameStop’s current full-year earnings is $0.08 per share. Wedbush also issued estimates for GameStop’s Q2 2026 earnings at $0.08 EPS, Q3 2026 earnings at $0.08 EPS, Q4 2026 earnings at $0.23 EPS, FY2026 earnings at $0.47 EPS, Q1 2027 earnings at $0.09 EPS, Q2 2027 earnings at $0.09 EPS, Q3 2027 earnings at $0.09 EPS, Q4 2027 earnings at $0.20 EPS and FY2027 earnings at $0.47 EPS.

GameStop (NYSE:GME) last announced its quarterly earnings data on Tuesday, March 25th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.21. GameStop had a net margin of 1.45% and a return on equity of 2.11%. The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the prior year, the company posted $0.21 earnings per share. The company’s revenue for the quarter was down 28.5% compared to the same quarter last year.

Separately, StockNews.com upgraded GameStop from a “sell” rating to a “hold” rating in a research report on Thursday.

GameStop Stock Down 22.8 %

NYSE:GME opened at $21.89 on Friday. The business’s 50-day simple moving average is $25.48 and its two-hundred day simple moving average is $25.66. GameStop has a 52 week low of $9.95 and a 52 week high of $64.83. The stock has a market cap of $9.78 billion, a PE ratio of 121.64 and a beta of -0.29.

Insider Transactions at GameStop

In other news, insider Daniel William Moore sold 895 shares of the company’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $31.07, for a total transaction of $27,807.65. Following the sale, the insider now directly owns 31,385 shares of the company’s stock, valued at $975,131.95. This represents a 2.77 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Mark Haymond Robinson sold 1,577 shares of the stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $31.07, for a total value of $48,997.39. Following the transaction, the general counsel now owns 42,350 shares of the company’s stock, valued at $1,315,814.50. This represents a 3.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 12.28% of the company’s stock.

Institutional Investors Weigh In On GameStop

Hedge funds have recently bought and sold shares of the business. CIBC Asset Management Inc increased its holdings in shares of GameStop by 5.7% in the 4th quarter. CIBC Asset Management Inc now owns 9,381 shares of the company’s stock worth $294,000 after buying an additional 502 shares during the last quarter. Christensen King & Associates Investment Services Inc. grew its position in GameStop by 1.9% in the fourth quarter. Christensen King & Associates Investment Services Inc. now owns 27,397 shares of the company’s stock worth $853,000 after acquiring an additional 518 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its stake in GameStop by 32.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 2,130 shares of the company’s stock worth $67,000 after acquiring an additional 520 shares during the last quarter. Crossmark Global Holdings Inc. raised its position in GameStop by 2.9% during the fourth quarter. Crossmark Global Holdings Inc. now owns 18,338 shares of the company’s stock valued at $575,000 after purchasing an additional 523 shares during the period. Finally, Securian Asset Management Inc. raised its stake in shares of GameStop by 1.8% in the fourth quarter. Securian Asset Management Inc. now owns 30,717 shares of the company’s stock valued at $963,000 after acquiring an additional 557 shares during the period. Hedge funds and other institutional investors own 29.21% of the company’s stock.

About GameStop

GameStop Corp., a specialty retailer, provides games and entertainment products through its stores and ecommerce platforms in the United States, Canada, Australia, and Europe. The company sells new and pre-owned gaming platforms; accessories, such as controllers, gaming headsets, and virtual reality products; new and pre-owned gaming software; and in-game digital currency, digital downloadable content, and full-game downloads.