SAN RAFAEL, CALIFORNIA - DECEMBER 08: Customers enter a GameStop store on December 08, 2021 in San ... [+] Rafael, California. Video game retailer GameStop will report third quarter earnings today after the closing bell. (Photo by Justin Sullivan/Getty Images)Getty ImagesWhile GME has risen almost $4 or 15% to $30.90 since the company announced its third fiscal quarter results nearly two weeks ago, the key takeaway is the basic story hasn’t changed. Revenue continues to decline and it is bleeding money. How ...

Investors might want to bet on GameStop (GME) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.The power of a ch ...

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 ...

Core Insights - GameStop Corp. (GME) reported third-quarter fiscal 2024 results, with net sales missing estimates and declining year over year, while adjusted earnings per share exceeded expectations and improved from the previous year [1][2]. Financial Performance - Adjusted earnings per share were 6 cents, surpassing the Zacks Consensus Estimate of break-even earnings [2]. - Net sales totaled $860.3 million, falling short of the consensus estimate of $900 million and decreasing by 20.2% from $1,078.3 million in the same quarter last year [3]. - Sales across all categories contributed to the decline in consolidated net sales [3]. Sales Breakdown - Hardware and accessories sales dropped 28% to $417.4 million from $579.4 million year over year [4]. - Software sales were $271.8 million, down 15.4% from $321.3 million in the prior year [4]. - Collectibles sales decreased 3.7% to $171.1 million from $177.6 million in the year-ago quarter [4]. - Geographic sales declines included 24.5% in Canada, 22% in Europe, 20.4% in the United States, and 12.5% in Australia year over year [4]. Margin and Expense Analysis - Gross profit decreased 8.7% to $257.2 million from $281.8 million in the year-ago quarter, but gross margin expanded by 380 basis points to 29.9% compared to 26.1% in the previous year [5]. - Adjusted selling, general and administrative (SG&A) expenses fell 4.4% to $281.8 million from $294.9 million year over year, with SG&A expenses as a percentage of net sales rising to 32.8%, up 550 basis points from 27.3% [6]. - The adjusted EBITDA loss was $11.2 million, a decline from an adjusted EBITDA of $5.1 million in the same quarter last year [6]. Operating Loss - The adjusted operating loss was $24.6 million in the reported quarter, compared to an adjusted operating loss of $13.1 million in the prior-year period [7]. Cash and Debt Position - GameStop ended the fiscal third quarter with cash and cash equivalents of $4.58 billion, marketable securities of $32.8 million, and net long-term debt of $9.6 million [8]. - Stockholders' equity stood at $4.8 billion, with merchandise inventory totaling $830.2 million, down from $1,021.3 million in the same period last year [8]. Cash Flow and Equity Offering - Net cash flow from operations was $24.6 million, up from $19.1 million in the prior-year period, with free cash flow totaling $20 million [9]. - Capital expenditures amounted to $4.6 million, and the company raised approximately $400 million through the sale of 20 million shares in its equity offering program [9]. Stock Performance - GameStop's shares rose 3% in after-market trading, with a 41.3% increase over the past three months, outperforming the industry's 17.4% growth [10].

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 ...

Company Performance - GameStop announced its financial results for the third quarter of the 2024 fiscal year after the market closed on December 10th [1] - The stock had fallen prior to the announcement [1] Industry Focus - Crude Value Insights provides an investing service and community focused on oil and natural gas [1] - The service emphasizes cash flow analysis and identifies companies with value and growth potential in the oil and gas sector [1] Service Offerings - Subscribers gain access to a 50+ stock model account [2] - In-depth cash flow analyses of exploration and production (E&P) firms are provided [2] - Live chat discussions about the sector are available for subscribers [2] Promotional Offer - A two-week free trial is available for new subscribers [3] - The service promotes a "new lease on oil & gas" for those who sign up [3]

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 ...