GameStop Earnings: Estimated Earnings Date, EPS, and Surprise Amount
Company Overview
GameStop Corporation (GME) is a leading video game retailer with a network of over 5,000 stores worldwide. The company offers a wide range of video games, gaming consoles, peripherals, and collectibles.
Upcoming Earnings Announcement
GameStop is expected to announce its fourth-quarter 2023 earnings on Tuesday, March 14, 2023, after the market closes.
Estimated Earnings per Share (EPS)
Analysts expect GameStop to report earnings per share of $0.70 for the fourth quarter of 2023. This estimate is based on a consensus of analyst forecasts compiled by Yahoo Finance.
Estimated Earnings Surprise
GameStop has a history of surpassing analyst expectations in recent quarters. For example, in the third quarter of 2023, the company reported earnings per share of $1.39, which beat the consensus estimate by $0.19.
Net Sales Performance
GameStop's net sales were $5.273 billion for the fiscal year 2023, compared to $5.927 billion for the previous year. This decline in sales is attributed to the ongoing shift towards digital gaming and the impact of the COVID-19 pandemic.
Outlook
Analysts remain cautiously optimistic about GameStop's long-term prospects. The company has been investing in its e-commerce platform and expanding its loyalty program to drive future growth. The upcoming earnings announcement will provide investors with insights into the company's recent performance and its plans for the future.
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