Wedbush Cuts Price Target on GameStop (GME) to $36 Following 4Q Results
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Gamestop (GME) Guidance Still Too High - Stern Agee CRT
March 28, 2016 8:25 AM EDTSterne Agee CRT analyst, Arvind Bhatia, sees physical electronic gaming continuing to decline but believes GameStop's (NYSE: GME) diversification can shield the company. He has a Neutral rating rather than a Sell because more than 30% of operating earnings in 2016 are expected to be derived from sources other than physical gaming and the mix is expected to be 50% by the end of 2019. Looking at the guidance however, the tone of his note is more negative.
GMEs 2016 guidance is the clearest acknowledgement yet from management that physical gaming is now in decline... More
Piper Jaffray Remains Bullish on GameStop (GME) Following 4Q Results - PT to $41
March 28, 2016 7:29 AM EDTPiper Jaffray maintained an Overweight rating on GameStop (NYSE: GME), and cut the price target to $41.00 (from $42.00), following the company's 4Q earnings report. GME reported EPS of $2.40 on revenue of $3.53B (vs. consensus of $2.25 on $3.57B). New hardware was $822M up 2% vs. Street at $845.6M. New software was $1.15B,... More
Wall Street ends flat after choppy session
March 28, 2016 7:23 AM EDTBy Noel Randewich
(Reuters) - Wall Street was mixed on Monday as weaker-than-expected U.S. economic data reduced concerns about potential interest rate hikes and a dip in oil prices pushed down energy shares.
U.S. consumer spending barely rose in February and inflation retreated, suggesting the Federal Reserve could remain cautious about raising interest rates this year even as the labor market rapidly tightens.
Trading was choppy and volume was low, with markets closed in Europe.
The S&P has mostly recovered from a 10-percent loss at the start of 2016 but many investors remain... More
GameStop (GME) Tops Q4 EPS by 15c; Issues Q1, FY16 Outlook
March 24, 2016 4:07 PM EDTGameStop (NYSE: GME) reported Q4 EPS of $2.40, $0.15 better than the analyst estimate of $2.25. Revenue for the quarter came in at $3.53 billion versus the consensus estimate of $3.57 billion.
Consolidated comparable store sales increased 3.1% (a 3.0% increase in the U.S. and a 3.3% increase... More
