For its first fiscal quarter (ending April 30), GameStop Corp. (NYSE: GME) has reported E.P.S. of $-0.11 compared to $-0.17 a year ago. This performance was $-0.02 short of the consensus estimate of $-0.09. For the latest four quarters through April 30, E.P.S. were $0.08 compared to $-0.68 a year ago.
Recent Price Action
GameStop Corp. (NYSE: GME) stock closed at $28.22 on 6/7/24 after a major decline of -39.4%. Moreover, trading volume in this decline was exceptionally high at 638% of normal. The stock has risen 24.8% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, GME is expected to continue to be a modest Value Builder.
GameStop has a current Value Trend Rating of F (Lowest Rating). The Value Trend Rating reflects complementary signals from PTR’s two proprietary measures of a stock’s attractiveness. GameStop has a slightly negative Power Rating of 35 and a very low Appreciation Score of 7, and the Lowest Value Trend Rating results.
Rating Review
In light of this new information and highly negative price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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