Research Analysts Set Expectations for GameStop Q2 Earnings

GameStop Corp. (NYSE:GME) – Equities researchers at Wedbush issued their Q2 2026 earnings estimates for shares of GameStop in a report issued on Tuesday, July 1st. Wedbush analyst A. Reese forecasts that the company will earn $0.19 per share for the quarter. Wedbush has a “Strong Sell” rating on the stock. The consensus estimate for GameStop’s current full-year earnings is $0.08 per share. Wedbush also issued estimates for GameStop’s Q3 2026 earnings at $0.15 EPS, Q4 2026 earnings at $0.22 EPS, FY2026 earnings at $0.75 EPS, Q1 2027 earnings at $0.07 EPS, Q2 2027 earnings at $0.06 EPS, Q3 2027 earnings at $0.06 EPS, Q4 2027 earnings at $0.16 EPS, FY2027 earnings at $0.36 EPS, Q1 2028 earnings at $0.06 EPS and FY2028 earnings at $0.29 EPS.

Separately, Wall Street Zen raised shares of GameStop from a “sell” rating to a “hold” rating in a research report on Thursday, March 27th.

GameStop Trading Down 1.3%

Shares of NYSE:GME opened at $23.64 on Friday. GameStop has a 52 week low of $18.73 and a 52 week high of $35.81. The company’s 50 day moving average is $27.11 and its two-hundred day moving average is $26.80. The company has a current ratio of 8.39, a quick ratio of 7.89 and a debt-to-equity ratio of 0.30. The company has a market cap of $10.57 billion, a PE ratio of 51.38 and a beta of -0.81.

GameStop (NYSE:GME) last announced its quarterly earnings data on Tuesday, June 10th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.13. GameStop had a net margin of 5.67% and a return on equity of 5.25%. The company had revenue of $732.40 million for the quarter, compared to the consensus estimate of $754.23 million. During the same period in the prior year, the firm posted ($0.12) EPS. The company’s quarterly revenue was down 16.9% compared to the same quarter last year.

Institutional Trading of GameStop

Large investors have recently made changes to their positions in the company. Alyeska Investment Group L.P. grew its stake in GameStop by 895.4% during the 1st quarter. Alyeska Investment Group L.P. now owns 2,641,427 shares of the company’s stock worth $58,957,000 after buying an additional 2,376,051 shares during the last quarter. Vanguard Group Inc. grew its stake in GameStop by 5.5% during the 4th quarter. Vanguard Group Inc. now owns 39,144,063 shares of the company’s stock worth $1,226,775,000 after buying an additional 2,036,032 shares during the last quarter. Slate Path Capital LP purchased a new position in GameStop during the 4th quarter worth approximately $60,361,000. Nuveen LLC purchased a new position in GameStop during the 1st quarter worth approximately $33,741,000. Finally, D. E. Shaw & Co. Inc. grew its stake in GameStop by 606.7% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,650,750 shares of the company’s stock worth $51,735,000 after buying an additional 1,417,156 shares during the last quarter. 29.21% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, General Counsel Mark Haymond Robinson sold 1,269 shares of GameStop stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $23.95, for a total transaction of $30,392.55. Following the sale, the general counsel directly owned 127,836 shares in the company, valued at $3,061,672.20. This trade represents a 0.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alain Attal acquired 10,000 shares of the firm’s stock in a transaction on Thursday, April 10th. The stock was bought at an average price of $25.75 per share, with a total value of $257,500.00. Following the purchase, the director directly owned 572,464 shares of the company’s stock, valued at $14,740,948. This represents a 1.78% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 12.28% of the company’s stock.

GameStop Company Profile

GameStop Corp., a specialty retailer, provides games and entertainment products through its stores and ecommerce platforms in the United States, Canada, Australia, and Europe. The company sells new and pre-owned gaming platforms; accessories, such as controllers, gaming headsets, and virtual reality products; new and pre-owned gaming software; and in-game digital currency, digital downloadable content, and full-game downloads.