GameStop Earnings Date, Check Share Price, SMA, and More

GameStop Earnings Date

GameStop Corporation (GME) is scheduled to announce its earnings on June 11, 2024, after the market closes. This report will cover the fiscal quarter ending in April 2024. According to Zacks Investment Research, the consensus forecast from one analyst predicts an earnings per share (EPS) of -$0.1 for this quarter.

For comparison, the EPS for the same quarter last year was -$0.14. Investors and analysts will be closely watching this announcement to assess GameStop's financial performance and any potential impact on its stock price. This earnings report is significant as it provides insights into the company's profitability and future outlook.

Gamestop Q4 Results 

In the fourth quarter, GameStop made $1.794 billion in sales, which is less than the $2.226 billion from the same time last year. They spent $359.2 million on operating costs, down from $453.4 million last year. GameStop's net income was $63.1 million, up from $48.2 million. By the end of the quarter, they had $1.199 billion in cash and investments. The company's long-term debt is low and comes from a COVID-19 relief loan from the French government.

Share Price

"In the stock market today, GameStop Corp Ltd experienced an increase in its stock price, rising by 0.53 USD or 2.29% compared to the previous day's close, with the current stock price standing at 23.14 USD. The stock opened at 22.58 USD and fluctuated throughout the trading session, reaching a high of 23.72 USD and a low of 21.68. 

GameStop Corp Ltd's market capitalization is valued at 708.5 Crore USD, with a relatively high P/E ratio of 1054.21. Over the past 52 weeks, the stock has seen a wide range of performance, with a high of 64.83 USD and a low of 9.95 USD."

SMA

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Gamestop 

GameStop Corp. is an American retailer specializing in video games, consumer electronics, and gaming merchandise. Headquartered in Grapevine, Texas, it is the largest video game retailer globally. As of January 28, 2023, GameStop operates 4,413 stores, including 2,949 in the U.S., 216 in Canada, 419 in Australia, and 829 in Europe under brands like GameStop, EB Games, and ThinkGeek. Founded in Dallas in 1984 as Babbage's, it became GameStop in 1999.

The company struggled in the mid-to-late 2010s due to the rise of online gaming sales and failed investments in smartphone retail. In 2021, GameStop gained widespread media attention when its stock price surged dramatically from $17.25 to over $500 per share due to a short squeeze driven by retail investors on Reddit. GameStop is ranked 577th on the Fortune 500 list and also owns Game Informer, a popular video game magazine