Earnings season is wrapping up for the second quarter of 2021, however many traders have been ready for GameStop’s Q2 earnings launch. That wait ends tomorrow for merchants because the online game retailer is about to report their leads to the afternoon. We now have assembled some necessary info to assist higher perceive tomorrow’s reviews. Try whisper quantity and Wall Avenue analyst expectations for GameStop’s second quarter of 2021.
— Dorvalis🎴 (@TheDorv) August 25, 2021
What’s GameStop’s (GME) Q2 2021 EPS whisper quantity?
GameStop’s Q2 2021 earnings-per-share (EPS) whisper quantity is about at a lack of $0.38/share on revenues of $1.12 billion. That is in response to earningswhisper.com. That quantity can also be the excessive quantity from Wall Avenue analysts, however is far greater than the consensus estimate of a lack of $0.66/share. Final yr, GameStop reported a Q2 2020 lack of $1.40/share, so it looks like traders ought to count on higher outcomes tomorrow. Even the low finish of expectations fall nicely above final yr’s large loss.
GameStop (GME) Q2 2021 earnings launch analyst expectations
Wall Avenue analysts have a imply estimate of a $0.66/share loss for GameStop’s Q2 2021 earnings. The analysts’ imply estimate for income is $1.1 billion. The excessive estimate for income on Wall Avenue is $1.2 billion. The low estimate for Q2 2021 EPS is a $0.96/share loss and the excessive estimate is a $0.38/share loss.
As for the place the analysts sit for predicting GameStop’s value motion, there are six analysts with present protection on the inventory. The common value goal for 12 months out is $88.33/share, with the excessive forecast coming in at $190/share, and the lowest GME target price on Wall Avenue coming in at simply $25/share. Proper now there is just one Wall Avenue analyst with the heart to offer GameStop a Purchase ranking, with two Maintain scores, and three Promote scores rounding out the present protection.
GameStop (GME) advised traders over the last earnings name that income traits continued to be favorable in the course of the earlier a part of Q2 2021, largely pushed by the brand new PS5 and Xbox Collection X/S consoles. So much has modified for the reason that last earnings release, as the corporate has paid off all of its long-term debt after a secondary inventory providing. GameStop additionally broke floor on two on-line order success facilities, revamped the Board of Administrators with a brand new CEO, and they’re even rumored to be engaged on an NFT marketplace. There are nonetheless potential catalysts for the inventory to maneuver both path on earnings, so you’ll want to hold it locked on Shacknews for the entire GME stock news because it breaks tomorrow.
Are you a GameStop shareholder? Do you assume the market is a rigged sport about to break down? It will not matter if in case you have pores and skin within the sport this week, as many traders on each side of the commerce predict fireworks.
This text is barely meant for instructional functions, and shouldn’t be taken as funding recommendation. Please think about your personal funding time horizon, danger tolerance, and seek the advice of with a monetary advisor earlier than performing on this info.
On the time of this text, Shacknews main shareholder Asif A. Khan, his members of the family, and his firm Advantage LLC had the next positions:
Lengthy GameStop through GME shares
Lengthy GameStop through GME name choices
https://www.shacknews.com/article/126531/gamestop-gme-q2-2021-earnings-whisper-number-analyst-expectations | GameStop (GME) Q2 2021 earnings whisper quantity & analyst expectations