|Bid||4.2000 x 4000|
|Ask||4.2100 x 3200|
|Day's range||4.1800 - 4.3000|
|52-week range||3.1500 - 12.5000|
|Beta (5Y monthly)||0.52|
|PE ratio (TTM)||N/A|
|Earnings date||30 Mar 2020 - 05 Apr 2020|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||13 Mar 2019|
|1y target est||4.42|
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(Bloomberg) -- GameStop Corp. shares tumbled on Tuesday, after it reported a steep decline in same-store sales for the holiday shopping season and lowered its guidance for the year.Analysts viewed the announcement as the latest bit of bad news for the video-game retailer, coming on top of multiple quarters of disappointing results as well as an aborted effort to sell itself.The stock fell 13% and touched its lowest level since September. Shares have lost about 70% of their value from a peak in January 2019.Here’s what analysts are saying about the news:Benchmark Co., Mike Hickey“Deteriorating financial momentum has accelerated, management appears to have abandoned accountability and we see zero terminal value.”Expects “ongoing weakness over the next several quarters” as digital distribution for games “cements its grip on player purchase behavior.”Sell rating, $3 price target.Baird, Colin SebastianThe news shows that “challenges continue,” with the console and digital transitions representing a “double whammy.”The company’s liquidity situation “appears OK for now.”Neutral rating, $5 price target.Loop Capital Markets, Anthony ChukumbaThe holiday sales were “well below our expectations,” and fiscal 2019 results “are tracking to be significantly worse than in the last year of the prior video game console cycle.”The company has a “fairly healthy” balance sheet.Hold rating, $4 price target.Wedbush, Michael PachterEven though GameStop had expected a challenging holiday, the decline seen in new hardware and software sales “was well below expectations.”Reiterates outperform rating and Street-high price target of $8. “Once GameStop is debt free, the short thesis begins to deteriorate.” The upcoming launch of new video-game consoles is seen as a positive catalyst.Story Link: GameStop Analyst Sees ‘Zero Terminal Value’ After Cut OutlookTo contact the reporter on this story: Ryan Vlastelica in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Catherine Larkin at email@example.com, Steven FrommFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.
GameStop (GME) dismal holiday season performance compel the video game retailer to revisit fiscal 2019 view. Management now expects fiscal 2019 comparable store sales to decline in the band of 19-21%.
Bed Bath & Beyond will have a challenging year ahead, said CFRA retail analyst Camilla Yanushevsky.
GameStop's (GME) dismal third-quarter fiscal 2019 results and dull view for fiscal 2019 hurt investors. Moreover, the company's pre-owned business continues to witness soft sales.
Potential GameStop Corp. (NYSE:GME) shareholders may wish to note that insider John Broderick recently bought US$352k...
GameStop (GME) shares plummeted over 15% at one-point Wednesday as Wall Street widely sold off the stock after it reported its rough Q3 financial results.
The company, which gained popularity by selling video games for Atari consoles in the 1980s, now also faces the rise of game streaming services from technology giants such as Alphabet unit Google and Apple Inc. "With console makers set to introduce new and innovative gaming consoles late next year, we anticipate this trend to continue until the fourth quarter of 2020," Chief Executive Officer George Sherman said in a statement. Newer versions of Sony Corp's PlayStation and Microsoft Corp's Xbox are expected to be unveiled next year.