GameStop (GME) Tops Q4 EPS by 15c; Issues Q1, FY16 Outlook
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March 28, 2016 8:25 AM EDT
Sterne 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
March 28, 2016 8:11 AM EDT
Wedbush 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
March 28, 2016 7:29 AM EDT
Piper 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
