Wedbush Has Optimistic Outlook of GameStop Q4 Earnings

GameStop Corp. (NYSE:GME) – Equities researchers at Wedbush boosted their Q4 2026 earnings per share (EPS) estimates for GameStop in a research note issued on Wednesday, December 11th. Wedbush analyst M. Pachter now anticipates that the company will post earnings of $0.08 per share for the quarter, up from their prior estimate of $0.06. Wedbush has a “Underperform” rating and a $10.00 price objective on the stock. The consensus estimate for GameStop’s current full-year earnings is $0.01 per share. Wedbush also issued estimates for GameStop’s Q1 2027 earnings at $0.03 EPS, Q2 2027 earnings at $0.03 EPS and Q3 2027 earnings at $0.03 EPS.

GameStop (NYSE:GME) last announced its earnings results on Tuesday, December 10th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.09. The company had revenue of $860.30 million during the quarter, compared to the consensus estimate of $887.68 million. GameStop had a net margin of 1.45% and a return on equity of 2.11%. GameStop’s quarterly revenue was down 20.2% on a year-over-year basis.

Separately, StockNews.com upgraded GameStop to a “sell” rating in a research report on Saturday, October 19th.

GameStop Stock Performance

NYSE GME opened at $28.71 on Friday. The stock has a market capitalization of $12.83 billion, a P/E ratio of 159.51 and a beta of -0.11. GameStop has a 52 week low of $9.95 and a 52 week high of $64.83. The stock has a fifty day moving average of $24.82 and a 200-day moving average of $24.11.

Institutional Trading of GameStop

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. UMB Bank n.a. increased its stake in shares of GameStop by 535.8% during the 3rd quarter. UMB Bank n.a. now owns 1,138 shares of the company’s stock worth $26,000 after purchasing an additional 959 shares during the last quarter. AlphaMark Advisors LLC increased its position in GameStop by 41.7% during the second quarter. AlphaMark Advisors LLC now owns 1,345 shares of the company’s stock worth $33,000 after buying an additional 396 shares during the last quarter. Centerpoint Advisors LLC bought a new stake in GameStop in the second quarter valued at approximately $47,000. CWM LLC lifted its position in shares of GameStop by 115.6% in the second quarter. CWM LLC now owns 2,660 shares of the company’s stock valued at $66,000 after buying an additional 1,426 shares during the last quarter. Finally, Quest Partners LLC boosted its stake in shares of GameStop by 7,156.5% during the 2nd quarter. Quest Partners LLC now owns 6,168 shares of the company’s stock worth $152,000 after acquiring an additional 6,083 shares during the period. 29.21% of the stock is owned by institutional investors.

Insider Activity

In other news, General Counsel Mark Haymond Robinson sold 11,000 shares of GameStop stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $20.82, for a total value of $229,020.00. Following the sale, the general counsel now directly owns 43,927 shares in the company, valued at $914,560.14. This trade represents a 20.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Daniel William Moore sold 1,972 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $21.96, for a total transaction of $43,305.12. Following the completion of the transaction, the insider now directly owns 37,280 shares of the company’s stock, valued at approximately $818,668.80. This trade represents a 5.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,639 shares of company stock valued at $481,000 in the last ninety days. 12.28% of the stock is owned by insiders.

About GameStop

GameStop Corp., a specialty retailer, provides games and entertainment products through its stores and ecommerce platforms in the United States, Canada, Australia, and Europe. The company sells new and pre-owned gaming platforms; accessories, such as controllers, gaming headsets, and virtual reality products; new and pre-owned gaming software; and in-game digital currency, digital downloadable content, and full-game downloads.