GameStop Reports Sales and Earnings for Fiscal 2015 and Provides 2016 Outlook
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Gamestop (GME) Guidance Still Too High - Stern Agee CRT
March 28, 2016 8:25 AM EDTSterne Agee CRT analyst, Arvind Bhatia, sees physical electronic gaming continuing to decline but believes GameStop's (NYSE: GME) diversification can shield the company. He has a Neutral rating rather than a Sell because more than 30% of operating earnings in 2016 are expected to be derived from sources other than physical gaming and the mix is expected to be 50% by the end of 2019. Looking at the guidance however, the tone of his note is more negative.
GMEs 2016 guidance is the clearest acknowledgement yet from management that physical gaming is now in decline... More
Wedbush Cuts Price Target on GameStop (GME) to $36 Following 4Q Results
March 28, 2016 8:11 AM EDTWedbush maintained an Outperform rating on GameStop (NYSE: GME), and cut the price target to $36.00 (from $38.00), following the company's 4Q report and guidance. Sales totaled $3.53 billion, compared with the consensus estimate of $3.57 billion. Non-GAAP EPS was $2.40, compared with the consensus estimate of $2.25.
Analyst... More
Piper Jaffray Remains Bullish on GameStop (GME) Following 4Q Results - PT to $41
March 28, 2016 7:29 AM EDTPiper Jaffray maintained an Overweight rating on GameStop (NYSE: GME), and cut the price target to $41.00 (from $42.00), following the company's 4Q earnings report. GME reported EPS of $2.40 on revenue of $3.53B (vs. consensus of $2.25 on $3.57B). New hardware was $822M up 2% vs. Street at $845.6M. New software was $1.15B,... More
