GameStop (GME) stock is preparing to release its earnings report for the fourth quarter of 2023 on March 26. The company’s latest report will cover the holiday 2023 quarter, and investors are hoping for positive earnings results.
Wall Street’s estimates show expectations of improved profitability over the last year, with anticipated earnings per share of 29 cents and revenue of $2.05 billion. This is compared to the company’s results for Q4 2022, which included EPS of 16 cents and revenue of $2.23 billion.
Tomorrow’s earnings report is expected to be a major catalyst for GME stock. However, the outcome remains uncertain as GameStop has been facing challenges due to shifting consumer practices affecting its business.
Despite recent struggles, GME stock is up 6.3% as of Monday morning, with trading volume already surpassing its daily average. Investors are advised to stay tuned for the latest stock market news and updates.
