Industry Weakness Leads to EPS Miss for GameStop (GME); Wedbush Cuts Price Target to $45

GameStop (GME) Underlying Trends Better Than Miss Shows - Sterne Agee CRT

November 24, 2015 7:34 AM EST

Sterne Agee CRT analyst, Arvind Bhatia, believes underlying trends at GameStop (NYSE: GME) are better than the $0.05 EPS miss in 3Q. The firm reiterated a Buy rating while lowering estimates and its price target to $41.00 (from $52.00).

Positives in the quarter include:

-GME held a 53% share of new PS4/Xbox One... More

BofA/Merrill Lynch Downgrades GameStop (GME) to Neutral

November 24, 2015 7:18 AM EST

BofA/Merrill Lynch downgraded GameStop (NYSE: GME) from Buy to Neutral with a price target of $42.00.

For an analyst ratings summary and ratings history on GameStop click here. For more ratings news on GameStop click here.

Shares of GameStop closed at $37.61 yesterday.

... More

GameStop's warning on EA's Star Wars game seen premature

November 23, 2015 7:57 PM EST

By Sai Sachin R and Anya George Tharakan

(Reuters) - Electronic Arts Inc (NASDAQ: EA) has little to fear from retailer GameStop Corp's (NYSE: GME) warning about weak sales for EA's just-released "Star Wars" title, with analysts agreeing it was too early to predict its success or failure.

The videogame publisher's shares fell as much as 7 percent on Monday after GameStop said its sales of "Star Wars: Battlefront" were weaker than anticipated.

Analysts and one top investor in EA said it was premature to conclude... More

Market Wrap: Pfizer, Allergan Make it Offiical; Icahn Gets Active on Xerox; Existing Sales Slump in Oct.

November 23, 2015 5:26 PM EST

Market wrap for November 23rd

End of the Day: S&P 500 down 2.6 to 2,086.59; Dow Jones down to 17,792.68; Nasdaq down 2.4 to 5,102.48

Market Brief: Markets ended lower to start off the holiday-shortened week with most investors now looking to a December rate hike from the Fed. Trading on the session was notably light.

Existing home sales slipped in October, missing consensus estimates in the process.

Pfizer and Allergan announced a massive merger agreement, bolstering a slew of other M&A... More

Slow Sales Drive 3Q Miss for GameStop (GME); Baird Cuts Price Target to $46

November 23, 2015 3:33 PM EST

Baird maintained an Outperform rating on GameStop (NYSE: GME), and cut the price target to $46.00 (from $54.00), following the company's 3Q earnings report. GME reported revenues and EPS of $2.01B and $0.54, respectively, below consensus expectations of $2.15B and $0.59. The miss was driven by soft next-gen... More

GameStop (GME) Comments on EA's (EA) 'Star Wars: Battlefront' Not Consistent - Macquarie

November 23, 2015 2:17 PM EST

Electronic Arts (NASDAQ: EA) is down nearly 6% today after video game retailer GameStop (NYSE: GME) said sales of Star Wars: Battlefront were below its initial expectations, which were already recently lowered. However, analyst Ben Schachter from Macquarie noted "a very abrupt change of tone about the Star Wars title as GMEs conference call progressed."

"While in the... More

GameStop (GME) Misses Q3 EPS by 5c; Guides Q4 EPS Below Expectations

November 23, 2015 8:31 AM EST

(Updated - November 23, 2015 8:32 AM EST)

GameStop (NYSE: GME) reported Q3 EPS of $0.54, $0.05 worse than the analyst estimate of $0.59. Revenue for the quarter came in at $2.02 billion versus the consensus estimate of $2.15 billion.

Comps fell 1.1 percent.

GameStop reaffirmed FY2015... More

Trading Radar for 11/23: GameStop (GME), Brocade (BRCD), Trina Solar, Tyson Foods (TSN), Mallinckrodt (MNK) Report

November 21, 2015 2:19 PM EST

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Earnings:

GameStop (NYSE: GME) - consensus EPS $0.59
Jacobs Engineering (NYSE: JEC) - no Street... More