For those looking to find strong Consumer Discretionary stocks, it is prudent to search for companies in the group that are outperforming their peers. Is GameStop (GME) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.GameStop is a member of our Consumer Discretionary group, which includes 272 different companies and currently sits at #6 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of t ...

GameStop, once a dominant force in the gaming retail industry, is facing some challenges as it adjusts to the rise of digital distribution and changing consumer behavior.The company’s third-quarter financial results released Tuesday (Dec. 10) revealed a mixed picture as GameStop’s net sales sank 20.2% to $0.860 billion, but it posted a net income of $17.4 million, up from a net loss of $3.1 million for the same period last year.Elevated Cash PositionAdditionally, GameStop improved its cash position, reporti ...

GameStop Corp. (GME) posted third-quarter fiscal 2024 results, wherein the top line missed the Zacks Consensus Estimate and declined year over year. On the contrary, the bottom line beat the consensus mark and improved from the year-ago period.GameStop’s Quarterly Performance: Key InsightsGME posted adjusted earnings per share of 6 cents, beating the Zacks Consensus Estimate of break-even earnings.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.GameStop reported net sales of $860.3 mi ...

Former "meme stock" GameStop Corp (NYSE:GME) is brushing off a third-quarter revenue miss this morning, after the video game retailer also shared a surprise profit. At last glance, the equity is up 5.6% to trade at $28.46.The shares sport a healthy 64.3% year-to-date lead, and are eyeing their best single-day percentage pop in one month. A floor at the $26 region has contained price action since late November. GameStop stock is still heavily shorted, despite short interest dipping 11.3% over the last two re ...

GameStop NYSE: GME shares edged higher following its Q3 release, but so what? The report included a surprise profit, but the underlying cause and business metrics align with the trend. This company continues to contract and is consuming itself at investors' expense. It only profited in Q3 because of increased interest income related to its cash buildup. The company raised billions in 2024, shoring up the balance sheet for an as-yet-to-be-determined turn-around effort.Get GameStop alerts:The ultimate takeawa ...

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED NOVEMBER 2, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 COMMISSION FILE NO. 1-32637 GameStop Corp. (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation or organization) 625 Westport Parkway Grapevi ...

Exhibit 99.1 GameStop GameStop Discloses Third Quarter 2024 Results GRAPEVINE, Texas, December 10, 2024 (GLOBE NEWSWIRE) — GameStop Corp. (NYSE: GME) ("GameStop" or the "Company") today released financial results for the third quarter ended November 2, 2024. The Company's condensed and consolidated financial statements, including GAAP and non-GAAP results, are below. The Company's Form 10-Q and supplemental information can be found at https://investor.gamestop.com. THIRD QUARTER OVERVIEW • Net sales were $0 ...

GameStop’s shares jumped on Thursday after a cryptic post from meme stock influencer Keith Gill, who shot to notoriety after his online personas and bullish bets on the video game retailer sparked a trading frenzy among mom-and-pop investors.Gill posted a picture resembling a Time magazine cover from 2006 with a computer screen on social media platform X. Following his post, GameStop’s shares spiked and traded as high as $30.87. The stock closed up 6% at $28.63.Known as “Roaring Kitty” on YouTube and “DeepF ...

Shares of GameStop (GME) and other meme stocks popped on Thursday after Roaring Kitty, the online alias of meme stock ringleader Keith Gill, posted to X for the first time since September. Shares of GameStop jumped as much as 14% Thursday afternoon while AMC Entertainment (AMC), another favorite among meme stock traders, surged as much as 13%. Shares of online pet retailer Chewy (CHWY), also a meme stock favorite, were unaffected. Gill, at 1:45 p.m. ET on Thursday, posted a photo of a fake TIME Magazine co ...