Wedbush Analysts Increase Earnings Estimates for GameStop

GameStop Corp. (NYSE:GME) – Equities research analysts at Wedbush upped their Q4 2026 earnings per share estimates for GameStop in a report released on Wednesday, December 11th. Wedbush analyst M. Pachter now anticipates that the company will post earnings per share of $0.08 for the quarter, up from their prior estimate of $0.06. Wedbush currently has a “Underperform” rating and a $10.00 price target on the stock. The consensus estimate for GameStop’s current full-year earnings is $0.01 per share. Wedbush also issued estimates for GameStop’s Q1 2027 earnings at $0.03 EPS, Q2 2027 earnings at $0.03 EPS and Q3 2027 earnings at $0.03 EPS.

Separately, StockNews.com raised GameStop to a “sell” rating in a report on Saturday, October 19th.

GameStop Price Performance

Shares of GME opened at $27.99 on Friday. The firm has a 50 day simple moving average of $24.95 and a two-hundred day simple moving average of $24.18. GameStop has a one year low of $9.95 and a one year high of $64.83. The company has a market cap of $12.51 billion, a P/E ratio of 155.51 and a beta of -0.11.

GameStop (NYSE:GME) last issued its earnings results on Tuesday, December 10th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.09. The company had revenue of $860.30 million during the quarter, compared to analysts’ expectations of $887.68 million. GameStop had a net margin of 1.45% and a return on equity of 2.11%. The firm’s revenue was down 20.2% compared to the same quarter last year.

Hedge Funds Weigh In On GameStop

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. AlphaMark Advisors LLC raised its holdings in GameStop by 41.7% during the 2nd quarter. AlphaMark Advisors LLC now owns 1,345 shares of the company’s stock worth $33,000 after purchasing an additional 396 shares during the last quarter. CWM LLC raised its stake in GameStop by 19.9% during the third quarter. CWM LLC now owns 3,189 shares of the company’s stock worth $73,000 after buying an additional 529 shares during the last quarter. UMB Bank n.a. lifted its holdings in GameStop by 535.8% in the third quarter. UMB Bank n.a. now owns 1,138 shares of the company’s stock valued at $26,000 after buying an additional 959 shares during the period. United Services Automobile Association boosted its position in GameStop by 4.6% during the third quarter. United Services Automobile Association now owns 22,500 shares of the company’s stock valued at $516,000 after acquiring an additional 999 shares during the last quarter. Finally, Crossmark Global Holdings Inc. grew its holdings in GameStop by 6.5% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 17,815 shares of the company’s stock worth $408,000 after acquiring an additional 1,085 shares during the period. 29.21% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Daniel William Moore sold 2,624 shares of the firm’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of $21.00, for a total transaction of $55,104.00. Following the completion of the transaction, the insider now directly owns 32,280 shares of the company’s stock, valued at $677,880. This trade represents a 7.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Mark Haymond Robinson sold 4,667 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $21.96, for a total value of $102,487.32. Following the completion of the sale, the general counsel now owns 54,927 shares in the company, valued at $1,206,196.92. This trade represents a 7.83 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,639 shares of company stock worth $481,000. Insiders own 12.28% of the company’s stock.

About GameStop

GameStop Corp., a specialty retailer, provides games and entertainment products through its stores and ecommerce platforms in the United States, Canada, Australia, and Europe. The company sells new and pre-owned gaming platforms; accessories, such as controllers, gaming headsets, and virtual reality products; new and pre-owned gaming software; and in-game digital currency, digital downloadable content, and full-game downloads.