2024

Billion

Gains

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<p class="has-drop-cap">GameStop (NYSE: GME), the well-known video game retailer, is set to release its fourth-quarter earnings report after the market closes on <a href="https://www.wallstreethorizon.com/gamestop-earnings-calendar" class="deco-link" target="_blank" rel="nofollow">March 26, 2023</a>. The report is highly anticipated by investors and analysts alike, as it could serve as a <a href="https://tokenist.com/what-2024-looks-like-for-gamestop-gme/" rel="dofollow" class="deco-link">significant catalyst</a> for the company’s stock price.&nbsp;</p> 
<h3 id="analysts-expect-0-29-eps-2-05-billion-in-q4-revenue-for-gamestop">Analysts Expect $0.29 EPS, $2.05 Billion in Q4 Revenue for GameStop</h3> 
<p>Wall Street analysts expect <a href="https://tokenist.com/investing/how-to-value-a-stock/" rel="dofollow" class="deco-link">earnings per share</a> (EPS) of 29 cents and revenue of $2.05 billion for the holiday quarter of 2023.</p> 
<p>The expected results for Q4 2023 show an improvement compared to the previous year’s performance. In Q4 2022, GameStop reported an EPS of 16 cents and revenue of $2.23 billion.</p> 
<p>Investors and GameStop enthusiasts are closely monitoring the upcoming earnings release, hoping for strong results that could indicate positive momentum for the company.</p> 
<p>The report’s significance lies in its potential to influence the stock’s direction, either positively or negatively, based on the company’s performance during the crucial holiday quarter.</p> 
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<h3 id="gamestop-stock-gains-before-earnings-release">GameStop Stock Gains Before Earnings Release</h3> 
<p>Leading up to the earnings release, GameStop’s stock price has experienced a notable uptick. At the time of writing, it was up 12.67%, trading at $14.76 per share, marking its potential for the largest daily percentage increase in four months.</p> 
<p>However, the company’s stock faced challenges earlier in the year, with an 11.46% decline in 2024 compared to the S&amp;P 500 index’s gain of 9.6%.</p> 
<p>Despite the recent stock price movements, GameStop’s market capitalization and stock price remain significantly lower than their peaks during the <a href="https://tokenist.com/investing/meme-stocks/" rel="dofollow" class="deco-link">meme stock craze</a> of 2021.</p> 
<p>The company has undergone major leadership changes to revitalize its business, with Ryan Cohen being <a href="https://tokenist.com/gamestop-announces-ryan-cohen-as-new-ceo-stock-soars-7-premarket/" rel="dofollow" class="deco-link">named CEO</a> in late September of the previous year. </p> <iframe src="https://tokenist.substack.com/embed" width="100%" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe> 
<p><strong><em>Do you think GameStop will be able to meet the expectations set for Q4? Let us know in the comments below.</em></strong></p> 
<p><em>Disclaimer: The author does not hold or have a position in any securities discussed in the article.</em></p> 
<h3 id="br"><br></h3> 
<p>The post <a rel="nofollow" href="https://tokenist.com/gamestop-stock-gains-ahead-of-landmark-q4-earnings-release/">GameStop Stock Gains Ahead of Landmark Q4 Earnings Release</a> appeared first on <a rel="nofollow" href="https://tokenist.com">Tokenist</a>.</p>

GameStop Stock Gains Ahead of Landmark Q4 Earnings Release

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