Equities Analysts Offer Predictions for GameStop Q1 Earnings

GameStop Corp. (NYSE:GME) – Wedbush raised their Q1 2026 earnings per share estimates for GameStop in a report issued on Wednesday, March 26th. Wedbush analyst M. Pachter now anticipates that the company will earn $0.08 per share for the quarter, up from their previous forecast of $0.03. Wedbush currently has a “Underperform” rating and a $10.00 price objective on the stock. The consensus estimate for GameStop’s current full-year earnings is $0.08 per share. Wedbush also issued estimates for GameStop’s Q2 2026 earnings at $0.08 EPS, Q3 2026 earnings at $0.08 EPS, Q4 2026 earnings at $0.23 EPS, FY2026 earnings at $0.47 EPS, Q1 2027 earnings at $0.09 EPS, Q2 2027 earnings at $0.09 EPS, Q3 2027 earnings at $0.09 EPS, Q4 2027 earnings at $0.20 EPS and FY2027 earnings at $0.47 EPS.

GameStop (NYSE:GME) last posted its earnings results on Tuesday, March 25th. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.21. GameStop had a return on equity of 2.11% and a net margin of 1.45%. The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the previous year, the firm earned $0.21 EPS. The company’s quarterly revenue was down 28.5% compared to the same quarter last year.

Separately, StockNews.com raised shares of GameStop from a “sell” rating to a “hold” rating in a report on Thursday.

GameStop Trading Down 1.5 %

Shares of NYSE:GME opened at $21.77 on Friday. The company has a 50 day moving average of $25.36 and a 200 day moving average of $25.64. The stock has a market cap of $9.72 billion, a P/E ratio of 120.92 and a beta of -0.29. GameStop has a 12 month low of $9.95 and a 12 month high of $64.83.

Hedge Funds Weigh In On GameStop

A number of hedge funds and other institutional investors have recently modified their holdings of GME. Charles Schwab Investment Management Inc. raised its holdings in shares of GameStop by 22.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,502,910 shares of the company’s stock valued at $80,322,000 after buying an additional 646,488 shares in the last quarter. Foundations Investment Advisors LLC purchased a new position in shares of GameStop during the fourth quarter worth approximately $878,000. Retirement Systems of Alabama lifted its holdings in shares of GameStop by 41.7% in the 3rd quarter. Retirement Systems of Alabama now owns 471,156 shares of the company’s stock worth $10,804,000 after acquiring an additional 138,597 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of GameStop by 2.4% in the 4th quarter. Bank of New York Mellon Corp now owns 2,565,455 shares of the company’s stock valued at $80,401,000 after purchasing an additional 60,673 shares in the last quarter. Finally, Swiss National Bank grew its holdings in shares of GameStop by 5.5% during the 4th quarter. Swiss National Bank now owns 834,228 shares of the company’s stock valued at $26,145,000 after purchasing an additional 43,700 shares during the last quarter. 29.21% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other GameStop news, General Counsel Mark Haymond Robinson sold 1,577 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $31.07, for a total value of $48,997.39. Following the completion of the transaction, the general counsel now owns 42,350 shares of the company’s stock, valued at $1,315,814.50. The trade was a 3.59 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Daniel William Moore sold 895 shares of the firm’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $31.07, for a total transaction of $27,807.65. Following the sale, the insider now owns 31,385 shares in the company, valued at approximately $975,131.95. This trade represents a 2.77 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 12.28% of the company’s stock.

GameStop Company Profile

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.