GameStop earnings preview: What to expect
GameStop is set to report its earnings for the first quarter of 2024 on May 31.
Analysts are expecting the company to report a loss per share of $0.22, which would be a significant improvement from the loss per share of $1.34 that the company reported in the same quarter last year.
The company's sales are expected to increase by 10% to $2.3 billion. This growth is expected to be driven by strong demand for the company's new console, the PlayStation 5. The company is also expected to benefit from the release of several major video games, such as "Call of Duty: Modern Warfare II" and "Grand Theft Auto VI."
GameStop's stock price has been on a roller coaster ride in recent months. The stock price dropped by more than 50% in 2022, but it has since rebounded. The stock price is currently trading at around $20 per share.
Analysts are mixed on GameStop's stock. Some analysts believe that the company is undervalued and that the stock price is poised to rise. Other analysts are more cautious and believe that the company faces a number of challenges, such as competition from online retailers and the decline of physical media.
It will be interesting to see how GameStop performs in the first quarter of 2024. The company's earnings report will provide investors with more information about the company's financial health and its outlook for the future.
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