GameStop Q2 2022 Earnings Preview - Betting the % change in closing price!

Win Rewards:

Bet Game: Place your Bet on GME's percentage change in closing price (e.g.+3%) of Sep 8 by 3:00 PM, Sep 8 ET. The mooer with the closest bet will win 300 points!

Lucky Draw: The 10th, 20th, 30th and so on mooers to comment will get 30 points.

GameStop's Q2 2022 Earnings Conference Call is to be hosted on September 7 after the U.S. markets close! The consensus estimate for revenue is expected at $1.27 billion, indicating an approximately 7.02% YoY growth. The EPS is estimated at (0.38) for this quarter.

GME's share price has decreased over 25% since 2022 and lost ground since completing the 4-for-1 stock split in July 2022.

GameStop’s management, led by chairman Ryan Cohen, remains focused on the ambition to change the brick-and-mortar retailer into a digital age by taking its business online, even venturing into areas from Non-Fungible Tokens (NFTs) to cryptocurrencies.

However, there might be a pullback currently in gaming spending as customers become more cost-conscious in the challenging macro-environment. The latest Nvidia earnings almost confirm that the gaming market became softer this year, making it more difficult for GameStop's conversion. Wall Street forecasts the company's hardware sales will decrease 1.2% in Q2, but there might be a 20% jump in collectibles and a 10.7% increase in software sales.

Rewarding points will be distributed within 5-7 working days after the results are announced.

Rewarding points can be used to exchange gifts at Rewards Club.

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