GameStop Reports Earnings After The Bell Tuesday. Here's How Much The OG Meme Stock Is Expected To Move.

Core Insights - GameStop is set to report earnings after market close on Tuesday, with expectations of significant stock movement post-results, potentially up to 8% in either direction [1][5] - The stock has increased nearly 13% since the beginning of the year, driven by positive news including support from investor Michael Burry and CEO Ryan Cohen's hints at a major acquisition [2][5] - Despite recent gains, GameStop's shares are down approximately 12% year-over-year and remain significantly below their 2021 highs [6] Financial Performance - GameStop's sales have been declining, with the company potentially facing another drop in sales for the fourth quarter, similar to the third quarter and the previous year [4] - In the same period last year, GameStop reported adjusted earnings of $0.30 per share, with a nearly 30% year-over-year sales decline to $1.28 billion [4] Strategic Initiatives - The company is attempting to redefine its strategy by expanding its collectibles business and investing in Bitcoin, as its core business continues to struggle [3]