In the last trading session, GameStop (GME) closed at US $ 260, marking a -1.89% change compared to the previous day. This change was behind the 1.04% daily gain of the S&P 500. Meanwhile, the Dow rose 0.58%, and the Nasdaq, a high-tech index, amounted to 2.52%.
Today, the video game retailer’s shares gained 417.58% last month, outpacing the 6.54% loss in the retail-wholesale sector and the 0.15% loss in the S&P 500 over that period.
GME will try to show strength as it approaches its next earnings release, which should be March 23, 2021. On that day, GME is expected to report earnings of $ 1.46 per share, which would represent growth of 14, 96%. In the meantime, our most recent consensus estimate indicates revenue of $ 2.24 billion, 2.19% up on the previous year’s quarter.
Any recent changes in analysts’ estimates for GME should also be noted by investors. These reviews help to show the ever-changing nature of short-term business trends. As a result, we can interpret the positive revisions of the estimates as a good sign for the company’s business prospects.
Our research shows that these changes in estimates are directly related to stock prices in the short term. We developed Zacks Rank to capitalize on this phenomenon. Our system takes these estimation changes into account and offers a clear and practical classification model.
Ranging from # 1 (strong buy) to # 5 (strong sell), the Zacks rating system has a proven track record of superior performance, with external audit, with shares # 1 returning an average of + 25% per year since 1988. after 30 days, our consensus EPS projection remained stagnant. GME is currently sporting a Zacks rating of # 4 (for sale).
The Retail – Consumer Electronics sector is part of the Retail-Wholesale sector. Currently, this industry has a rating of 231 on Zacks, which places it among the worst 10% of all more than 250 industries.
The Zacks Industry Rank measures the strength of our industry groups by measuring the average Zacks Rank of individual stocks within the groups. Our research shows that the top 50% of the sectors outperform the bottom half by a factor of 2 to 1.
Make sure to use Zacks. We will follow all these stock movement metrics, and more, in the next trading sessions.
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GameStop Corp. (GME): Free stock analysis report
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