GameStop (GME) Misses Q3 EPS by 5c; Guides Q4 EPS Below Expectations

Industry Weakness Leads to EPS Miss for GameStop (GME); Wedbush Cuts Price Target to $45

Wedbush maintained an Outperform rating on GameStop (NYSE: GME), and cut the price target to $45.00 (from $55.00), following the company's 3Q earnings report. Halo 5 and Ubisofts Assassins Creed Syndicate underperformed expectations, and industry hardware sales did not accelerate after price cuts. Non-GAAP EPS... More

UPDATE: Oppenheimer Downgrades GameStop (GME) to Perform

(Updated - November 24, 2015 10:14 AM EST)

Oppenheimer downgraded GameStop (NYSE: GME) from Outperform to Perform and removed its price target (prior $51.00). The change follows Q3 EPS and guidance. Analyst Brian Nagel noted that software sales continue to disappoint and called digital downloads... More

GameStop (GME) Underlying Trends Better Than Miss Shows - Sterne Agee CRT

Sterne Agee CRT analyst, Arvind Bhatia, believes underlying trends at GameStop (NYSE: GME) are better than the $0.05 EPS miss in 3Q. The firm reiterated a Buy rating while lowering estimates and its price target to $41.00 (from $52.00).

Positives in the quarter include:

-GME held a 53% share of new PS4/Xbox One... More

BofA/Merrill Lynch Downgrades GameStop (GME) to Neutral

BofA/Merrill Lynch downgraded GameStop (NYSE: GME) from Buy to Neutral with a price target of $42.00.

For an analyst ratings summary and ratings history on GameStop click here. For more ratings news on GameStop click here.

Shares of GameStop closed at $37.61 yesterday.

Slow Sales Drive 3Q Miss for GameStop (GME); Baird Cuts Price Target to $46

Baird maintained an Outperform rating on GameStop (NYSE: GME), and cut the price target to $46.00 (from $54.00), following the company's 3Q earnings report. GME reported revenues and EPS of $2.01B and $0.54, respectively, below consensus expectations of $2.15B and $0.59. The miss was driven by soft next-gen... More