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Globe and Mail
4 days ago
- Business
- Globe and Mail
Should GameStop Stock Be in Your Portfolio Pre-Q1 Earnings?
As GameStop Corp. GME prepares to unveil its first-quarter fiscal 2025 earnings results on June 10 after market close, investors face an important decision: Should they buy the stock now or hold their current positions? With earnings expectations and market conditions in mind, it is crucial to evaluate key factors influencing GameStop's performance and whether the stock offers an attractive entry point ahead of its earnings report. GameStop is in the midst of a strategic transformation, pivoting toward a more digital-focused business model. By placing greater emphasis on e-commerce and digital gaming, the company is working to align itself with shifting consumer behaviors and the evolving retail landscape. The Zacks Consensus Estimate for first-quarter revenues stands at $750 million, which indicates a decrease of 16% from the prior-year reported figure. On the earnings front, the consensus estimate has been unchanged at 8 cents per share over the past 30 days, implying a 166.7% year-over-year upsurge. Image Source: Zacks Investment Research GameStop has a trailing four-quarter earnings surprise of 137.8%, on average. In the last reported quarter, this Grapevine, TX-based company surpassed the Zacks Consensus Estimate by a margin of 233.3%. (See the Zacks Earnings Calendar to stay ahead of market-making news.) GameStop Corp. Price, Consensus and EPS Surprise GameStop Corp. price-consensus-eps-surprise-chart | GameStop Corp. Quote What the Zacks Model Predicts About GME's Q1 Earnings As investors prepare for GameStop's first-quarter results, a question looms regarding earnings beat or miss. Our proven model does not conclusively predict an earnings beat for GameStop this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. However, that is not the case here. GameStop has a Zacks Rank #3 (Hold) and an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter. You can see the complete list of today's Zacks #1 Rank stocks here. GameStop: Key Factors at Play GME's fiscal first-quarter results are likely to reflect the dual nature of its ongoing transformation alongside persistent challenges in its legacy business. The company has been growing its presence in categories like collectibles, which offer higher margins and are less sensitive to industry cycles. This move helps reduce reliance on gaming hardware and software. In parallel, GameStop has continued to invest in its logistics capabilities and customer experience while exploring digital ventures, including NFTs and blockchain-based projects. GameStop has also demonstrated a clear shift toward operational discipline by streamlining its cost structure, optimizing its store footprint and focusing on profitability. The company made decisive progress in its international restructuring efforts, pursuing the sale of its operations in France and Canada to allocate resources to its core, higher-return operations. These factors are expected to have had favorable impacts on the bottom line. On the challenging side, the fiscal first-quarter results are likely to reflect continued declines in legacy revenue segments, particularly in Hardware & Accessories, and Software. These categories have been under pressure due to shifting consumer behavior favoring digital downloads, cloud-based gaming and subscription services. GME's dependence on physical products in a rapidly digitizing industry remains a vulnerability, and this is likely to have weighed on the top line. GME Takes the Lead in Market Rally GameStop has witnessed an impressive increase in its stock price over the past month. Closing last Friday's trading session at $29.80, the stock has rallied 12%, outpacing the industry 's rise of 4.8%. GME has outperformed its competitors, including Best Buy Co., Inc. BBY, Microsoft Corporation MSFT and Sony Group Corporation SONY. Shares of Microsoft and Sony have risen 5.5% and 4.5%, respectively, while shares of Best Buy have declined 2% over the same period. Does GameStop Qualify as a Value Stock? From a valuation standpoint, GME currently trades at a premium relative to its industry peers. The company's forward 12-month price-to-sales (P/S) ratio is 4.10, higher than the industry average of 3.22 and the sector's average of 2.14. The stock is also trading above its median P/S level of 2.92, observed over the past year. This elevated multiple underscores the market's continued willingness to pay a premium for the stock, likely driven more by sentiment than fundamentals. GameStop is trading at a premium to Best Buy (with a forward 12-month P/E ratio of 0.34) and Sony (1.87) but at a discount to Microsoft (11.02). GME Valuation vs. Industry Buy GameStop Now or Wait for a More Attractive Entry Point? GME's focus on streamlining costs, embracing a digital-first strategy, and expanding into higher-margin areas like collectibles signals a move toward greater sustainability. While its premium valuation may raise caution, the evolving business model and potential for long-term growth suggest an upside. Current investors may consider holding their positions, while prospective investors may wait for post-earnings clarity or a more favorable entry point. Should GME Be in Your Portfolio Pre-Q1 Earnings? Given GameStop's ongoing transformation and operational improvements, the stock presents an intriguing but speculative opportunity ahead of its Q1 earnings results. While initiatives in collectibles, digital ventures and cost optimization signal progress toward long-term stability, the company's core business remains vulnerable to industry shifts and digital disruption. The recent rally suggests heightened investor enthusiasm, but with valuation already running ahead of fundamentals and no clear earnings beat predicted, a cautious stance may be warranted. Zacks Names #1 Semiconductor Stock It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom. With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028. See This Stock Now for Free >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Microsoft Corporation (MSFT): Free Stock Analysis Report Best Buy Co., Inc. (BBY): Free Stock Analysis Report GameStop Corp. (GME): Free Stock Analysis Report Sony Corporation (SONY): Free Stock Analysis Report
Fox News
28-05-2025
- General
- Fox News
ICE identifies jet ski suspects in Air Force cadet candidate's death as illegal immigrants
The suspect and her alleged accomplice linked to the jet ski hit-and-run death of an Air Force cadet candidate over Memorial Day weekend have been identified as illegal immigrants, according to an Immigration and Customs Enforcement official. During a Wednesday news conference in Grapevine, Texas, Joshua Johnson, acting field director of Immigration and Customs Enforcement and Emergency Removal Operations in Dallas, confirmed that 21-year-old Daikerlyn Alejandra Gonzalez Gonzalez and 21-year-old Maikel Coello Perozo are both illegal immigrants from Venezuela. Gonzalez was allegedly operating the jet ski that struck and killed 18-year-old Ava Moore on Sunday at Grapevine Lake. Moore was a United States Air Force Academy (USAFA) cadet candidate and part of USAFA's Class of 2029, according to the military school. "It's my understanding that both the individuals crossed the southern border in 2023 or 2024," Johnson said. "They were arrested at the time of entry, processed on a notice to appear, and then released on their own recognizance." He added that ICE has lodged immigration detainers against the suspects, and that after the criminal justice proceedings against them in Texas are complete, they will be processed for removal. Capt. Joseph Quintero, game warden at the Texas Parks and Wildlife Department, announced that Gonzalez has been charged with second-degree felony manslaughter. Perozo has been charged with collision involving damage to a vehicle and hindering apprehension, both misdemeanors, after allegedly driving away from the scene with Gonzalez. He said both were arrested in Dallas on Tuesday, and that the relationship between them remains unclear. Texas Attorney General Ken Paxton first announced that the pair were in the country illegally on Tuesday night. "We've arrested an illegal alien for killing Ava Moore and another illegal alien connected to her death," Paxton wrote in a Tuesday post on X. "Ava Moore's senseless death was caused by an illegal alien who should have never been in our country in the first place," Paxton wrote in a news release. "My heart breaks for Ava's family and friends, and my prayers are with them as they face this tragedy," Paxton continued. ICE did not respond to a request for comment. "We are thankful for the help of fellow law enforcement officers from the Texas Attorney General's Office, the Texas Department of Public Safety, the Dallas Police Department and Homeland Security Investigations," the Texas Game Wardens said in a statement. Paxton added that his office "will continue to work with local, state, and national law enforcement partners to secure justice for Ava." According to FOX 4, Moore was just weeks away from her lifelong dream of joining the military. She was scheduled to leave for Air Force basic training and was home in Texas visiting family during Memorial Day weekend. Moore was reportedly a student and star basketball player at the U.S. Air Force Academy Preparatory School in Colorado. "You know, we talked throughout the course of the year that at some point in her career she was going to be a four-star general because she loved it," her coach, Ke'sha Blanton, told the outlet. "She made those around her better." Blanton said she is feeling sadness and anger over Moore's death. "They took a bright, bright star from our lives," she said. Investigators said two women were on a jet ski that struck Moore on Sunday evening. According to police, a passenger on the jet ski remained on the scene, while the operator of the craft allegedly fled and then left with a male. The pair allegedly crashed into a vehicle during their escape from the scene. Moore was pulled to shore and treated for severe head trauma before being taken to a nearby hospital where she later died, the outlet reported. "Our thoughts are with Ava's family and friends during this difficult time. Texas Game Wardens remain committed to keeping our public waters safe," the Grapevine Police Department shared in a statement. Stepheny Price is a writer for Fox News Digital and Fox Business. She covers topics including missing persons, homicides, national crime cases, illegal immigration, and more. Story tips and ideas can be sent to
Fox News
27-05-2025
- General
- Fox News
Texas police arrest suspect after fatal jet ski hit-and-run
Police in Grapevine, Texas, announced Tuesday that they have made an arrest in connection with the death of an Air Force cadet candidate over Memorial Day weekend. "Texas Game Wardens and the Grapevine Police Department have Daikerlyn Alejandra Gonzalez Gonzalez, the suspect tied to the death of Ava Moore in custody," the department said in a Facebook post. "We are thankful for the help of fellow law enforcement officers from the Texas Attorney General's Office, the Texas Department of Public Safety, the Dallas Police Department and Homeland Security Investigations." Grapevine police said in an earlier Facebook post that they were searching for a female "who was driving the jet ski that hit Ava Moore." According to police, a passenger on the jet ski remained on the scene, while the operator of the craft allegedly fled and then left with an unidentified male. The pair allegedly crashed into a vehicle during their escape from the scene. Grapevine police said they are investigating the alleged hit-and-run. "Investigators are actively looking for both the PWC (personal watercraft) operator and the driver of the vehicle," the post said, imploring anyone with information to come forward. "Our thoughts are with Ava's family and friends during this difficult time. Texas Game Wardens remain committed to keeping our public waters safe." According to Fox4, Moore was just weeks away from her lifelong dream of joining the military. She was scheduled to leave for Air Force basic training and was home in Texas visiting family during Memorial Day weekend. Moore was reportedly a student and star basketball player at the U.S. Air Force Academy Preparatory School in Colorado. Her coach, Ke'sha Blanton, spoke to the media outlet. "You know, we talked throughout the course of the year that at some point in her career she was going to be a four-star general because she loved it," said Blanton. "She made those around her better." Blanton said she is feeling sadness and anger over Moore's death. "They took a bright, bright star from our lives," she said. The Air Force confirmed in a post on its official Instagram page that Moore was a member of the school's Class of 2029. "We lost an exemplary teammate this weekend – Cadet Candidate Ava Moore, whose passion for leadership and service left an impact on everyone she met," wrote Lt. Gen. Tony Bauernfeind, the academy superintendent. "Ava's constant happiness and attitude helped her squadron get through the challenges of the Prep School, and her drive to excel was on display as she sought out leadership positions to improve herself and her team. Our team is focused on providing support to Ava's family, her Prep School Squadron, the Prep School Women's Basketball team, and the entire Academy family." The Grapevine Police Department did not return a comment request.
Daily Mail
27-05-2025
- Daily Mail
Kayaker killed when rogue jet skier slams into her on Texas lake as cops hunt for the suspect
A teenage kayaker visiting her family for Memorial Day weekend was tragically killed when a rogue jet skier slammed into her on a Texas lake before fleeing the scene. The Grapevine Fire Department said it responded to an emergency at around 5.20pm Sunday at the Grapevine Lake, where they pulled 18-year-old Ava Moore to shore. She suffered severe head trauma, and first responders and good Samaritans immediately began life saving measures, Fox 4 reports. Moore was then transported to Baylor Scott and White Medical Center, where she was pronounced dead. Meanwhile, video obtained by NBC DFW showed other lake-goers trying to stop several people associated with the suspected jet ski driver from leaving the scene. Police say the passenger of the jet ski remained at the scene and was interviewed by first responders. But the driver of the jet ski believed to have hit Moore's kayak fled the scene with a male friend after the crash, WFAA reports. As they tried to escape, though, the couple allegedly hit another driver and abandoned their vehicle. Witnesses to the grisly scene added that the two women on the jet ski abandoned the watercraft following the crash. It remains unclear whether the female suspects rented the personal watercraft - which carries certain legal requirements - or if either was under the influence of alcohol at the time. Texas Game Wardens are now continuing to search for the female jet ski driver, releasing a photo of the brunette wearing a bikini top to the public in hopes that someone may be able to identify her. At the same time, Grapevine police are investigating the hit-and-run. In the meantime, Moore's family released a statement through her father. 'We are grieving the loss of our daughter at this time,' it said. 'Our prayers are also with the young ladies involved, along with their families.' The Moore family also shared a photo of her taken just last week, as she graduated from the United States Air Force Academy in Colorado and received her appointment. She had long dreamed of being in the US Army and was just weeks away from heading to basic training, Fox 4 reports. 'You know, we talked throughout the course of the year that at some point in her career she was going to be a four-star general because she loved it,' said Ke'sha Blanton, Moore's basketball coach at the academy. 'She made those around her better.' Blanton said she is now left feeling sadness and anger. 'Anger that they left her, anger that they didn't try to help her,' she explained. 'They took a bright, bright star from our lives.' She added that she had spoken with Moore on FaceTime just the day before the fatal crash and told her, 'Everybody's going to be saluting you. 'And our last words I said, "Kid, I love you." And she said, "I love you too, coach."'
Yahoo
26-05-2025
- Yahoo
18-year-old kayaker killed after jet ski hit-and-run in Texas: Police
An 18-year-old who was kayaking on Grapevine Lake in Texas over Memorial Day weekend was killed after being struck by a jet ski, whose driver fled the scene, police said. The incident happened on Sunday evening when the jet ski, with a driver and a passenger onboard, hit the victim, Ava Moore, according to the Grapevine Police Department. Grapevine Lake is a reservoir in northern Texas, approximately 20 miles northwest of Dallas and northeast of Fort Worth. MORE: After weekend of tornadoes in South, more severe weather possible on Memorial Day The passenger on the jet ski remained at the scene to be interviewed by first responders, police said, while the driver fled with an adult male. While leaving the area, the driver and the man then struck another vehicle, according to Grapevine Police. Police are investigating the related automotive hit-and-run incident, while Texas Game Wardens are leading the investigation into Moore's death on the lake. MORE: Shooting on South Carolina charter boat leaves 11 injured: Police Grapevine Police released an image of the alleged jet ski driver, asking anyone with information about the incident and the individual to contact Grapevine Police detectives at cidmail@ "Our thoughts are with Ava's family and friends during this difficult time. Texas Game Wardens remain committed to keeping our public waters safe," Grapevine Police said in a statement. 18-year-old kayaker killed after jet ski hit-and-run in Texas: Police originally appeared on
