GameStop (GME) closed at $ 209.81 in the last trading session, marking a + 0.79% change from the previous day. The stock exceeded the S&P 500 daily gain by 0.29%. Elsewhere, the Dow gained 0.58%, while the high-tech Nasdaq added 0.4%.
As of today, the video game retailer’s stock rose 320.11% last month. In the same period, the retail-wholesale sector lost 4.91%, while the S&P 500 rose 0.91%.
Investors expect to gain strength from GME as it approaches its next earnings release, which is expected to be March 23, 2021. The company is expected to report earnings per share of $ 1.46, up 14.96% from a year earlier. quarter of the previous year. Meanwhile, Zacks’ consensus estimate for revenue is projecting net sales of $ 2.24 billion, 2.19% more than in the same period last year.
Investors should also note any recent changes in analyst estimates for GME. These reviews generally reflect the most recent short-term business trends, which can change frequently. With this in mind, we can consider the positive revisions of the estimates as a sign of optimism regarding the company’s business prospects.
Our research shows that these changes in estimates are directly related to stock prices in the short term. Investors can profit from this using Zacks Rank. This model considers these changes in estimation and provides a simple and practical classification system.
Ranging from # 1 (strong purchase) to # 5 (strong sale), 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 a Zacks Rank # 3 (Hold).
The Retail – Consumer Electronics sector is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 187, which places it among the worst 27% of all 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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