What's Happening with gme
GameStop Corp. (GME) is scheduled to report Quarter 1 numbers after the market close on March 23. Analysts forecast earnings of $0.20 per share for the quarter. During the same period last year the company earned $0.14, and the stock is up 974.5% on the year.
Technical Analysis
GME was recently trading at $202.44 down $280.56 from its 12-month high and $199.87 above its 12-month low. InvestorsObserver gives GME a 100 long-term technical score and a 41 short-term technical score. The stock has recent support above $173.01 and recent resistance below $304.6. Of the 6 analysts who cover the stock 0 rate it Strong Buy, 0 rate it Buy, 3 rate it Hold, 1 rate it Sell, and 2 rate it Strong Sell, GME gets an overall score of 47 from InvestorsObserver.
Analysts' Thoughts
GME has shown annual earnings growth of -15.71% over the last five years, and looking ahead analysts expect the company to grow profits -48.15% per annum the next five years. Last quarter the company posted better than expected EPS and this quarter the street expects $0.20 EPS. GME is currently trading at $202.44 with an average price target of $14.64.