PREVIEW: GameStop shares dip ahead of earnings report

GameStop GME.N shares dipping 1.3% ahead of qtrly results after the bell, as investors focus on the co's cost-saving efforts amid a challenging retail environment

Just two analysts provide estimates for GME. They on avg expect fiscal Q4 rev down ~18% to $1.48 bln, with adjusted EPS seen at $0.08 vs $0.22 yr-ago, per LSEG, as the co continues to face competition from online digital retailers and a slow gaming market recovery

GME stock has fallen about 18% YTD, underperforming the S&P 500 .SPX, which is down ~2% in the same period

GME was at the center of 2021's "meme stock" rally on Wall Street, when stock influencer Keith Gill's bullish bets sparked a frenzy among traders on Reddit's wallstreetbets forum

The stock, last at $25.27 is about 61% below its 52-week high of $64.83 reached on May 14, 2024, reflecting ongoing investor concerns