Ticker delayed 20 minutes
Avg Daily Volume: 5,312,138 Market Cap: 604.26M Sector: Services Short Interest: 113.48 |
EARNINGS EXPECTATIONS:
THIS QTR: EPS: .11/share REV: 1,620/M
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LAST QTR: EPS: -.21/share ACTUAL: -.32/share (MISS)
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NEXT QTR: EPS: 1.49/share REV: 2,710/M
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FULL YR: EPS: 1.21/share REV: 1,170/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD: 35% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) -22.0, -39.79, -12.67
EXPECTED JUMP MOVE: 15-20%
Links To Latest News and Headlines
A zero-interest convertible note deal with a 32.5% premium could quietly reshape GameStop’s future playbook.
Conflicting investor sentiment, GameStop (GME) and United Natural Foods (UNFI) were able to blast their quarterly earnings expectations this week but have seen their stocks drop over 20% and 15%, respectively.
GME dives over 20% as investors react to Bitcoin buys and declining revenues, despite improved profitability and cost cuts.
The major averages were mixed near noon with the Dow the laggard as a pullback in Boeing weighs on the Industrials index. U.S. initial jobless claims were unchanged at 248,000 in the week ended June 7, above expectations and holding at an eight-month high. Geopolitical concerns have also resurfaced; escalating tensions in the Middle East led to a sharp rise in oil prices and triggered safe-haven flows, which weighed on equities and the U.S. dollar. Meanwhile, U.S.-China trade progress continues
GameStop (GME) CEO Ryan Cohen said at the company’s annual shareholder meeting that the video game retailer plans to focus on growing its trading card business. The business of Pokemon, Magic the Gathering and sports cards “is in line with our heritage. It fits our trade-in model, it appeals to our core customer base and it’s deeply embedded in physical retail,” Cohen said. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See today’s
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