UPDATE: GameStop (GME) Rating Cut to Sell at Benchmark; Results Not Impressive, Core Business at Risk of Being Displaced
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GameStop's (GME) Guidance Seen as 'Conservative' - Pacfic Crest
August 28, 2015 11:29 AM EDTPacific Crest earlier maintained an Overweight rating on GameStop (NYSE: GME) with a price target of $48. Analyst Evan Wilson noted upside in Q2 and called guidance conservative.
"FQ2 upside was due to strength in the Accessories and Other categories. We are shifting some revenue out of FQ3... More
Wedbush Raises Price Target on GameStop (GME) Following 2Q EPS Beat
August 28, 2015 8:10 AM EDTWedbush reiterated an Outperform rating on GameStop (NYSE: GME), and raised the price target to $55.00 (from $52.00), following the company's 2Q15 earnings results. Sales totaled $1.76 billion, compared with consensus of $1.74 billion. Non-GAAP EPS was $0.31, compared with consensus of $0.25, and guidance of $0.21 0.25. Management raised full year EPS... More
Baird Raises Price Target on GameStop (GME) to $54 Following 7c EPS Beat
August 28, 2015 7:45 AM EDTBaird reiterated an Outperform rating on GameStop (NYSE: GME), and raised the price target to $54.00 (from $50.00), following the company's 2Q15 earnings report. GameStop reported Q2 revenues of $1.76B above consensus estimate of $1.73B. EPS of $0.31 beat consensus by 7c. Full-year CSS and EPS midpoints were... More
GameStop (GME) PT Bumped to $57 at Piper Jaffray
August 28, 2015 7:21 AM EDTPiper Jaffray analyst Michael Olson reiterated an Overweight rating while bumping estimates and his price target on GameStop (NYSE: GME) to $57.00 (from $56.00) amid a strong July quarter. The sees tailwinds of the video game cycle and new segments continuing.
Olson commented, "GameStop reported strong Q2 results with EPS of... More
GameStop says new game launches to drive strong second-half growth
August 27, 2015 5:21 PM EDTBy Lehar Maan
(Reuters) - GameStop Corp (NYSE: GME) said it expected robust revenue growth in the second half, helped by a strong slate of video game releases and growth in its mobile and consumer electronics businesses.
The world's largest retailer of video games and related products said on Thursday it expected its fourth quarter to be particularly strong as highly-awaited games such as "Star Wars: Battlefront" and "Fallout 4" are scheduled for launch.
However, the... More
GameStop (GME) Tops Q2 EPS by 7c; Boosts FY15 EPS Outlook
August 27, 2015 4:07 PM EDTGameStop (NYSE: GME) reported Q2 EPS of $0.31, $0.07 better than the analyst estimate of $0.24. Revenue for the quarter came in at $1.76 billion versus the consensus estimate of $1.73 billion.
Comps rose 8.1%.
GameStop sees Q3 2015 EPS of $0.53-$0.60, versus the consensus of $0.59.
GameStop sees... More
