GameStop (GME) closed the last trading day at $22.33, marking a change of -0.36% from the close of the previous session. This change lagged behind the S&P 500’s loss of 0.28% on the day. Meanwhile, the Dow Jones lost 0.61%, and the Nasdaq, a technology-intensive index, lost 0.33%.

Heading into today, shares of the video game retailer had gained 4.72% over the past month, outpacing the Consumer Discretionary sector’s gain of 2.26% and the S&P 500’s gain of 0.41% in that time.

Market participants will closely monitor GameStop’s financial results in the upcoming release. At the same time, our latest consensus estimate is for revenues of $900 million, which reflects a decline of 16.54% from the year-ago quarter.

For the full year, the Zacks Consensus Estimates are projecting earnings of $0.01 per share and revenue of $4.03 billion, indicating changes of -83.33% and -23.57%, respectively, from the prior year.

Additionally, it would be beneficial for investors to keep an eye on any recent shifts in analyst projections for GameStop. These revisions help demonstrate the ever-changing nature of short-term business trends. As a result, positive estimates changes indicate analysts’ favorable outlook on the company’s business health and profitability.

Based on our research, we believe these estimate revisions are directly related to stock movements within the team. To benefit from this, we have developed the Zacks Rank, a unique model that integrates these estimate changes and provides an actionable rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks averaging +25% per year since 1988. year returns. For thirty days, the Zacks Consensus EPS estimate has witnessed an unchanged state. GameStop currently has a Zacks Rank of #3 (Hold).

Looking at its valuation, GameStop has a Forward P/E ratio of 2241. This represents a premium compared to its industry’s average Forward P/E of 21.5.

The gaming industry is part of the consumer discretionary sector. Currently, this sector has a Zacks Industry Rank of 156, which puts it in the bottom 39% of all 250+ industries.

The Zacks Industry Rank assesses the strength of our individual industry groups by calculating the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% of sectors perform better than the bottom half by a factor of 2 to 1.

Be sure to stick to Zacks.com to follow these and more stock price metrics in the coming trading sessions.

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