GameStop Corp reports results for the quarter ended April 30 - Earnings Summary

• GameStop Corp GME.N reported quarterly adjusted earnings of 17 cents​​ per share for the quarter ended April 30, higher than the same quarter last year, when the company reported EPS of -12 cents. The mean expectation of two analysts for the quarter was for earnings of 4 cents per share. Wall Street expected results to range from zero cents to 8 cents per share.

• Revenue fell 16.9% to $732.40 million from a year ago; analysts expected $754.24 million.

• GameStop Corp's reported EPS for the quarter was 9 cents​.

• The company reported quarterly net income of $44.8 million.

• GameStop Corp shares had risen by 35.9% this quarter and lost 3.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 214.3% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "strong sell" and the breakdown of recommendations is no "strong buy" or "buy," no "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the computer & electronics retailers peer group is "buy."

• Wall Street's median 12-month price target for GameStop Corp is $13.50

This summary was machine generated from LSEG data June 10 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)