GME

GameStop Corp. (GME) stock is down -26.07% over the last 12 months, and the average rating from Wall Street analysts is a Sell.

Over the past year the S&P 500 has fallen -10.55% while GME is down -26.07%. (GME) stock has gained 3.2% while the S&P 500 is higher by 0.99% as of 9:38 AM on Tuesday, Mar 21. (GME) stock is down -26.07% over the last 12 months, and the average rating from Wall Street analysts is a Sell.

GameStop (GME) stock is a hot topic among traders on Tuesday as they prepare for the company's earnings report after markets close.

On the date of publication, William White did not hold (either directly or indirectly) any positions in the securities mentioned in this article. That would make sense, as the stock is a [fan favorite with meme investors](https://www.nasdaq.com/articles/gamestop-gme-q4-2022-earnings-what-to-expect). Wall Street is looking for GameStop to report a loss of 13 cents per share alongside revenue of $2.18 billion in the upcoming report. Even so, shares are rising 4.9% as of Tuesday morning. If that happens, traders will likely see shares of GME stock Of course, GameStop could miss its earnings report, which wouldn’t do GME stock any favors.

With GameStop's (GME) financial quarter coming to an end, it's about time for the gaming retailer to share its latest earnings report.

If you’re interested in listening to the conversation, we’ll show you how to listen to the GameStop (GME) Q4 2022 earnings call. [Shacknews Twitch channel](https://www.twitch.tv/shacknews), where you can easily listen to it in its entirety. GameStop’s (GME) Q4 2022 earnings call will take place on March 21, 2023, at 2 p.m. That’s how you can listen to GameStop’s (GME) Q4 2023 earnings call. We’ll be streaming the call over on the With GameStop’s (GME) financial quarter coming to an end, it’s about time for the gaming retailer to share its latest earnings report.

The video game retailer reported Q4 earnings that took many skeptics of GameStop stock by surprise. Could GME stock continue to squeeze short sellers?

GameStop announced on March 21 it had made a quarterly profit for the first time in two years marking the end of its fiscal year positively.

As part of GameStop’s goal to revive its business, the company has also been working to boost its cash situation. This figure is lower than the $538.9 million, or 23.9% of sales, recorded for the same period a year earlier. The retailer reported a profit of $48.2 million, equivalent to 16 cents per share, in contrast to a loss of $147.5 million, equal to 49 cents in the previous year. Net sales came in at $2.23 billion for the quarter that ended on January 28. When investing, your capital is at risk. GameStop has been assigned an overall ‘sell’ rating by the two analysts working on Wall Street.

Investors want to know what it will take to reverse the trend. That question, among others, may be answered when the video game retailer reports fourth quarter ...

In Q3, the company reported an adjusted loss of 31 cents, which missed estimates by 3 cents, while revenue of $1.19 billion was down 8.5% year over year and missed by a whopping $160 million, or about 12%. For the stock to reverse its decline and start moving upward, GameStop must deliver a top and bottom line beat, while showing significant margin improvement. This was evident in the third quarter when the company missed analyst estimates on both the top and bottom line. For the quarter that ended February, Wall Street expect the Grapevine, TX-based company to post a per-share loss of 13 cents on revenue of $2.18 billion. While the recent declines in the stock has stopped, revenue and earnings estimates by analysts remain weak. The company has felt the after-effects of its ill-timed

Meme stocks including Bed Bath Beyond (BBBY), AMC (AMC), and GameStop Corp.(GME) surged in pre-market trading on Wednesday boosted by GME's huge earnings ...

The ETF has soared by more than 18% in the past three months. The retailer achieved this in part by slashing costs as selling, general and administrative expenses came in at $453.4 million for the quarter versus $538.9 million in the same period last year. As GME swung to a profit, there has been rising speculation that this could set up the stock for another rally which could force short sellers to drop their bets against the company resulting in a “short squeeze.” A short squeeze happens when a heavily shorted stock results in short sellers exiting their positions in the stock which only drives up the price further. Currently, short interest in AMC stands at 125.96 million while it stands at 56.85 million for GME. When Dusaniwsky was asked whether AMC is also up for a short squeeze, Dusaniwsky termed AMC as a “crowded short” and added, GME reported a quarterly profit for the first time in two years of $48.2 million, or $0.16 per share, compared to a loss of $147.5 million, or $0.49 per share in the same period a year back.

GameStop (GME) stock has advanced more than 55.8%% to $27.50 in Wednesday's premarket with traders euphoric over the video game retailer's first profi.

The author makes no representations as to the accuracy, completeness, or suitability of this information. GBP/USD has declined below 1.2250 after having advanced toward 1.2300 on the back of hot inflation figures from the UK in the European morning. The author has not received compensation for writing this article, other than from FXStreet. The author will not be held responsible for information that is found at the end of links posted on this page. A break above there would mean that bulls had their eye on either the October 31, 2022 high at $35 or the $45 to $50 range that has put an end to the last two major rallies that took place in March and August of 2022. It also does not guarantee that this information is of a timely nature. This region held a lot of strength and saw plenty of volume between September and December of 2022. On an adjusted basis, this came to $0.16 a share, which the complete opposite of Wall Street consensus at $-0.13. GameStop has been hurt by the trend of video games moving from physical discs to online downloads through gaming consoles. The excitement has even spread to AMC entertainment (AMC), which has seen its shares jump more than 9% in the premarket as well. This pushed SGA costs from 24% of revenue to 20% of revenue. GameStop (GME) stock has advanced more than 55.8%% to $27.50 in Wednesday's premarket with traders euphoric over the video game retailer's first profitable quarter in two years.