GameStop Corp. Third Quarter Earnings Cheat Sheet Sneak Peek

S&P 500 (NYSE:SPY) component GameStop Corp. (NYSE:GME) will unveil its latest earnings on Thursday, November 17, 2011. GameStop operates as a retailer of video game products and PC entertainment software. It sells video game hardware, software and accessories, and PC entertainment software.

GameStop Corp. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 39 cents per share, a rise of 2.6% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. Analysts are projecting profit to rise by 8.6% versus last year to $2.90.

Past Earnings Performance: Last quarter, the company beat estimates by one cent, coming in at profit of 22 cents per share against an estimate of net income of. The company also topped expectations in the first quarter.

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Wall St. Revenue Expectations: On average, analysts predict $1.97 billion in revenue this quarter, a rise of 3.7% from the year ago quarter. Analysts are forecasting total revenue of $9.89 billion for the year, a rise of 4.4% from last year’s revenue of $9.47 billion.

Analyst Ratings: Analysts are bullish on this stock with nine analysts rating it as a buy, one rating it as a sell and five rating it as a hold.

A Look Back: In the second quarter, profit fell 23.4% to $30.9 million (22 cents a share) from $40.3 million (26 cents a share) the year earlier, but exceeded analyst expectations. Revenue fell 3.1% to $1.74 billion from $1.8 billion.

Key Stats:

A year-over-year revenue decrease in the second quarter snapped a streak of three consecutive quarters of revenue increases. Revenue rose 9.5%in the first quarter, 4.8% in the fourth quarter of the last fiscal year and 3.5% in the third quarter of the last fiscal year.

The decrease in profit in the second quarter broke a streak of three consecutive quarters of year-over-year profit increases. Net income rose 7% in the first quarter, 10.1% in the fourth quarter of the last fiscal year and 4.8% in the third quarter of the last fiscal year.

Competitors to Watch: Best Buy Co., Inc. (NYSE:BBY), RadioShack Corporation (NYSE:RSH), CONN’S, Inc. (NASDAQ:CONN), hhgregg, Inc. (NYSE:HGG), Rent-A-Center, Inc (NASDAQ:RCII), Amazon.com (NASDAQ:AMZN), eBay (NASDAQ:EBAY), Wal-Mart (NYSE:WMT) and Target (NYSE:TGT).

Stock Price Performance: During August 18, 2011 to November 11, 2011, the stock price had risen $3.74 (17.5%) from $21.43 to $25.17. The stock price saw one of its best stretches over the last year between October 3, 2011 and October 12, 2011 when shares rose for eight-straight days, rising 11.7% (+$2.68) over that span. It saw one of its worst periods between July 5, 2011 and July 18, 2011 when shares fell for 10-straight days, falling 14.5% (-$3.98) over that span. Shares are up $2.29 (+10%) year to date.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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