GameStop Corp. (GME) : Earnings Whisper

GameStop Corp. (GME) is set to report its 2015 second quarter earnings results after the market close on Thursday. The multichannel video game retailer is expected to report revenue of $1.73 billion. Similarly, the EPS is projected at $0.24. A year ago, GameStop Corp earned $0.22 a share. The Street’s estimates for the 2Q’15 reflect a flat year-over-year revenue, and an EPS increase of about 9%. Meanwhile, expects the company to report a whisper number of $0.26 per share.

As a quick reminder, GME reported 1Q/15 EPS of $0.68, $0.09 better than the Street’s consensus estimate of $0.59. Revs rose 3% year-over-year to $2.06 billion vs. the $2.01 billion consensus.

On valuation measures, GME shares are currently priced at 12.68x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 18.52x earnings multiple. The company’s current year and next year EPS growth estimates stand at 11.80% and 13.70% compared to the industry growth rates of 10.30% and 20.10%, respectively. GME has a t-12 price/sales ratio of 0.50. EPS for the same period registers at $3.58.

In terms of share statistics, GameStop Corp. Cl A has a total of 106.72 million shares outstanding with 2.15% held by insiders. The stock’s short interest currently stands at 42.82%, bringing the total number of shares sold short to 44.80 million.

Offering a dividend yield of 3.17%, shares of GameStop have advanced 0.18% in the last 4 weeks and 11.76% in the past three months. Over the past 5 trading sessions the stock has lost 2.35%. The Grapevine, Texas-based company, which has a median Wall Street price target of $49.00 with a high target of $58.00, is up 9.56% year-over-year and 36.54% year-to-date.

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