JUMP REPORT
GAMESTOP (GME)
EARNINGS RELEASE - SEPTEMBER 9 (AMC)
EARNINGS EXPECTATIONS:
THIS QTR: EPS: -1.13/share REV: 1,020/M
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NEXT QTR: EPS: -.68/share REV: 1,210/M
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FULL YR: EPS: -1.53/share REV: 5,760/M
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LAST QTR: EPS: -1.27/share ACTUAL: -1.61/share (MISS)
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BEAT/MISS RECORD: 62% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) 11.49, 15.41, -20.43
EXPECTED JUMP MOVE THIS QUARTER: 15+%
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*** With market volatility at extremes there is greater risk in trading these events which may not react as they would under normal market conditions. Please take extra caution before tradin
Links To Latest News and Headlines
Apple is expected to unveil its latest mixed reality headset at its Worldwide Developers Conference on Monday. Plus, earnings season rolls on as meme stock favorite GameStop is set to report its quarterly results. Yahoo Finance markets reporter Josh Schafer takes a look at what to watch this week.
Apple’s WWDC 2023 is set to take place Monday, June 5th. Many are expecting the tech giant to unveil a new mixed reality headset. Meanwhile earnings season continues with GameStop, Cracker Barrel, and Rent the Runway among the companies set to report. Finally, the economic calendar is light, with ISM services data, factory orders, and weekly jobless claims on tap.
Jokes about boomers who don’t understand that you can no longer save up for a down payment in coastal California by “putting aside some money” for a couple of years or pay for a year of college from a summer working retail are now the same age as most millennials: in their fourth decade. The latest iteration of the joke came up in the WallStreetBets subreddit, the maverick investing community behind the 2021 GameStop meme stock craze that once sent GameStop and AMC shares soaring.
GameStop (GME) closed at $24.10 in the latest trading session, marking a +0.21% move from the prior day.
The leading game retailer will distribute Telos-based games on its forthcoming Web3 gaming launchpad, GameStop Playr.
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Avg Daily Volume: 4,760,703 Market Cap: 298.54M
Sector: Services Short Interest: 244.51
Ticker delayed 20 minutes
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by Team Stockjumpers