2024-03-22 10:13:36 ET
Summary
- GameStop Corp. is set to report earnings, with the stock facing potential downside risk amid a bearish technical pattern.
- The company's core business of selling video games has become obsolete, and its attempts to diversify have had little sustained success.
- Revenue performance and operating margins will be critical factors to watch in the upcoming report, but the stock's valuation is still questionable.
It’s that time again for meme stock OG GameStop Corp. (GME); the company is due to report earnings in a few days’ time, after the market close on Tuesday March 26th. Earnings reports have been full of surprises in recent quarters as the company desperately tries to reinvent itself and diversify away from a core business that has been dying for many years, with varying degrees of success. We’ll get the latest read on these efforts early next week....
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For further details see:
GameStop Q4 Earnings Preview: Look Out Below