GameStop Corporation (NYSE: GME) is the world's largest video game and entertainment software retailer, offering software, hardware and game accessories for the PC, as well as video game systems from Sony (NYSE: SNE), Nintendo (OTC: NTDOY) and Microsoft (NASDAQ: MSFT). The firm also owns two e-commerce sites and Game Informer, a leading video and computer game magazine. GameStop operates 5,123 retail stores across the United States and in 15 countries worldwide. Amazon.com (NASDAQ: AMZN) and Best Buy (NYSE: BBY) are competitors.

The stock is up nearly forty percent over the past five months, sparked by such issues as better than expected EPS/sales results in Q2 and Q3; upside guidance for Q4 EPS; and solid same-store sales improvements in Q2 (29.1%), Q3 (46.3%) and the nine-week holiday period (20%). The news has the stock cycling through a positive trading channel. The price is consolidating near the base of that channel, where oversold CCI, MACD and Momentum technical parameters suggest the potential for a rise back toward the top.

Continue reading GameStop Corporation: GME shares advance through positive trading channel

GameStop Corporation: GME shares advance through positive trading channel originally appeared on BloggingStocks on Tue, 15 Jan 2008 16:22:00 EST. Please see our terms for use of feeds.

If keeping up with the latest video games stands high on your list of priorities, there is an outfit in Grapevine, Texas that makes it easy. It has stores around the world and operates a pair of web sites, too.

GameStop Corporation (NYSE: GME) is the world's largest video game and entertainment software retailer, offering software, hardware and game accessories for the PC, as well as video game systems from Sony (NYSE: SNE), Nintendo (NTDOY) and Microsoft (NASDAQ: MSFT). The firm also owns two e-commerce sites and Game Informer magazine, a leading video and computer game publication. GameStop operates 4,954 retail stores worldwide. Amazon.com (NASDAQ: AMZN) and Best Buy (NYSE: BBY) are competitors.

The company surprised investors last week, when it reported Q2 EPS of 14 cents and revenues of $1.34 billion. Analysts had been expecting 9 cents and $1.19 billion. The CEO said, "Our second quarter performance was very broad-based, with the U.S., Canada, Australia and Europe all exceeding expectations." Management also guided Q3 EPS to 19-21 cents (18 cent consensus), FY08 EPS to $1.45-1.48 ($1.46 consensus) and FY08 revenues to $6.38-$6.49 billion ($6.45B consensus). Two brokerages subsequently declared the issue a "strong buy" and three others said "buy". Price targets were set in the range $52-60.

Continue reading GameStop (GME): The number one video game retailer in the world

GameStop (GME): The number one video game retailer in the world originally appeared on BloggingStocks on Wed, 29 Aug 2007 14:50:00 EST. Please see our terms for use of feeds.

GameStop Corporation (NYSE:GME) is the world's largest video game and entertainment software retailer, offering software, hardware and game accessories for the PC, as well as video game systems from Sony, Nintendo and Microsoft. The firm also owns two e-commerce sites and Game Informer magazine, a leading video and computer game publication. GameStop operates a total of 4,778 retail stores.

The company surprised investors earlier in the week, when it reported fourth quarter (Q4) earnings per share (EPS) of 82 cents (ex-items) and revenues of $2.3 billion. Analysts had been expecting 80 cents and $2.13 billion. Management also guided Q1 EPS to 15-16 cents (13 cent consensus), FY08 EPS to $1.37-$1.40 ($1.34 consensus) and FY08 revenues to $6.32-$6.43 billion ($6.04B consensus). The company finished the fiscal year with a cash balance of over $650 million. The stock popped on the news and has since begun to define a bullish "pennant" consolidation pattern. Stocks frequently exit pennants moving in the same direction they were traveling when they entered them. In this case, that would be to the upside.

Brokers recommend the shares with six "strong buys", five "buys" and four "holds". Analysts expect a 28% growth rate, through the next year. The GME Price to Sales ratio (0.93), Price to Book ratio (3.59), Sales Growth rate (38.22%) and EPS Growth rate (46.43%) compare favorably with industry, sector, and S&P 500 averages.

Institutions own about 77% of the outstanding shares. The stock is one of those used to calculate the S&P 400 MidCap Index. Over the past twelve months, it has traded between $17.93 and $32.98. A stop-loss of $28.15 looks good here if one were to consider investing in this company.

Larry Schutts is a contributing editor for Theflyonthewall.com and the Vice-President of Stockwinners.com.

GameStop Corporation: the biggest video game retailer in the world originally appeared on BloggingStocks on Fri, 30 Mar 2007 16:33:00 EST. Please see our terms for use of feeds.