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Mangeet Kaur Bouns

GME (GameStop) Earnings Preview: Can Gaming Sector Momentum Be Sustained?

GME GameStop e-commerce Keith Gill Mangeet Kaur BounsMangeet GameStop Corp

GameStop Corp. (GME), a specialty retailer that provides games and entertainment products via its stores and e-commerce platforms, is expected to release the fiscal 2024 first-quarter earnings report on June 11, 2024, after the market closes. Analysts expect revenue for the quarter (ended May 4, 2024) to decrease 19.6% year-over-year to $995.30 million.

Similarly, Street expects the video game retailer to incur a loss per share of $0.09 for the to-be-reported quarter. Also, GME missed the consensus revenue estimates in three of the trailing four quarters, which is disappointing.

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