2024-03-24 03:28:14 ET
Summary
- GameStop will share its Q4 2023 earnings on March 26 after market close.
- I expect GameStop to beat analysts’ estimates for revenue and EPS on strong video game sales in Q4 and prudent cost management.
- My price target for GameStop stock is $21.18 per share, implying 62% upside.
While its stock is nowhere near the peak it reached during the meme stock mania of 2021, GameStop Corp. ( GME ) has the potential to rebound from current levels, in my opinion, when it posts its Q4 and full year 2023 results on March 26 after market close. Analysts expect the video game retailer to report Q4 revenue of $2.05 billion and an EPS of $0.25, whereas full year estimates are for $5.53 billion in revenue and an EPS of $0.13....
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GameStop: Compelling Risk To Reward Profile Ahead Of Q4 Earnings