{"id":57662,"date":"2023-09-06T14:01:09","date_gmt":"2023-09-06T18:01:09","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/what-to-expect-from-gamestops-earnings-today\/"},"modified":"2023-09-06T14:01:12","modified_gmt":"2023-09-06T18:01:12","slug":"what-to-expect-from-gamestops-earnings-today","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=57662","title":{"rendered":"What To Expect From GameStop\u2019s Earnings Today"},"content":{"rendered":"<div>\n<p>GameStop<fbs-ticker data-name=\"GME\" data-href=\"https:\/\/www.forbes.com\/companies\/gamestop-corp\" data-type=\"stock\"><br \/>\n  GME<br \/>\n <\/fbs-ticker> Corp. is scheduled to report earnings after Wednesday\u2019s close. The stock hit a split adjusted record high at $120.75\/share in 2021 after its historic short squeeze and is currently trading near $19\/share. The stock is prone to big moves after reporting earnings and can easily gap up if the numbers are strong. Conversely, if the numbers disappoint, the stock can easily gap down. To help you prepare, here is what the Street is expecting:<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\"><strong>Earnings Preview <\/strong><\/h2>\n<p>The company is expected to report a loss of (-$0.15)\/share on $$1.14 billion in revenue. Meanwhile, the so-called Whisper number is a loss of (-$0.17)\/share. The Whisper number is the Street&#8217;s unofficial view on earnings.<\/p>\n<p><fbs-ad position=\"inread\" progressive=\"\" ad-id=\"article-0-inread\" aria-hidden=\"true\" role=\"presentation\"><\/fbs-ad><\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\"><strong>A Closer Look At The Fundamentals <\/strong><\/h2>\n<p>The company made headlines in 2021 when it had the historic short squeeze. Hollywood made a movie, titled Dumb Money, about the events and that is slated to be released soon. The company has been losing money for years and needs a bullish catalyst to help it turnaround.<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\"><strong>A Closer Look At The Technicals <\/strong><\/h2>\n<p>Technically, the stock fell hard after its historic short squeeze rally. The stock has been falling for years and is doing its best to bottom. A new uptrend will be confirmed if the stock can trade -and stay- above $27\/share. Until then, the trend, and, the path of least resistance is down. The bulls want to see the stock gap up on the news and the bears want to see it gap down.<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\"><strong>Pay Attention To How The Stock Reacts To The News <\/strong><\/h2>\n<p>From where I sit, the most important trait I look for during earnings season is how the market and a specific company reacts to the news. Remember, always keep your losses small and never argue with the tape.<\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.forbes.com\/sites\/adamsarhan\/2023\/09\/06\/what-to-expect-from-gamestops-earnings-today\/\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>GameStop GME Corp. is scheduled to report earnings after Wednesday\u2019s close. The stock hit a split adjusted record high at $120.75\/share in 2021 after its historic short squeeze and is currently trading near $19\/share. The stock is prone to big moves after reporting earnings and can easily gap up if the numbers are strong. Conversely, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":57663,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-57662","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets","tag-featured"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What To Expect From GameStop\u2019s Earnings Today | iFintechWorld<\/title>\n<meta name=\"description\" content=\"GameStop GME Corp. is scheduled to report earnings after Wednesday\u2019s close. 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