What To Expect From GameStop Corp. (NYSE:GME)?
The expectations of analysts from the $6.13 billion market capped GameStop Corp. (NYSE:GME) is sky high in the run up to 3Q operational results announcements slated for later today. The analyst estimate pegs the profits per share to come in at $0.58 which would translate to a 52% increase from its 3Q12 profits. The revenue is also being projected to go up to $1.98 billion from the previous year’s same quarter $1.77 billion. For the whole year, the street expects the firm to report revenue of $8.88 billion. This upbeat expectation from the games maker is coming after a sequential dip in revenue the company had reported during the past 4 quarters.
Market Performance Lags Behind
The upbeat sentiments of the analysts have not been reflected in the price of the gaming stock at the browsers. It has shed close to 9% of its market value during trading in the last 5 days of trading. This weakness of sentiment in the stock is a relatively recent proposition which pans back to the last 30 days. In this period, GameStop Corp. (NYSE:GME) stock has shed close to 4.2% of its market valuation. Prior to this depressed valuations, the stock was a highflying asset which has seen a 105% increase in its market value over the past 12 months. In the run up to the earnings call, the stock depreciated by close to 1.4% during trading yesterday and settled at $52.44 per share by end of the trading session.
Past Year Record
The Analysts have put out a price target of $61.35 for this S&P 500 index tracked stock over the next few months. In the past year it has managed to post net income loss of $298 million and has managed to post dividend yield of 2.1% in the same period.