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GameStop (GME) Q3 2022 earnings and revenue expectations

GameStop will release Q3 2022 financial results this afternoon, and we have compiled EPS and sales expectations.

Asif Khan

December 7, 2022 11:15 AM

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Earnings season is winding down with GameStop set to release the company's Q3 2022 earnings results this afternoon. The video game retailer has been at the center of the ongoing individual investor movement that began over two years ago. We have compiled all of the important metrics and information to pay attention to when the earnings release drops. Please take a look.

GameStop (GME) Q3 2022 earnings and revenue Wall Street expectations

Earnings-per-share (EPS) expectations

• Wall Street high EPS estimate: loss of $0.23/share
• Wall Street mean EPS estimate: loss of $0.28/share
• Wall Street low EPS estimate: loss of $0.35/share
• Wall Street consensus EPS estimate: loss of $0.29/share
• EPS whisper number: loss of $0.32/share
• Wall Street Mean EPS of a loss of $0.28/share would be a slight improvement form Q3 2021's loss of $0.35/share.

Revenue (sales) expectations

• Wall Street mean revenue estimate: $1.4 billion
• Wall Street consensus revenue estimate: $1.35 billion
• Wall Street mean revenue of $1.4 billion would be an 7.7% increase from Q3 2021.

GameStop's Q3 2022 earnings release will be the first full quarter to include results from the NFT Marketplace. Shareholders will also be keeping an eye on the number of shares directly registered at ComputerShare. Another important data point will be GameStop's cash flow. We will be streaming the GME Q3 2022 earnings call on the Shacknews Twitch channel, so stop buy if you are into that sort of thing.

Keep it locked on Shacknews for all of the GME news as it breaks this afternoon.

This article is only meant for educational purposes, and should not be taken as investment advice. Please consider your own investment time horizon, risk tolerance, and consult with a financial advisor before acting on this information.

Full Disclosure:

At the time of this article, Shacknews primary shareholder Asif A. Khan, his family members, or his company Virtue LLC had the following positions:

Long GameStop via GME shares (partially-hedged with out-of-the-money put options)

Long GameStop via GME call options

Asif Khan

CEO/EIC/EIEIO

Asif Khan is the CEO, EIC, and majority shareholder of Shacknews. He began his career in video game journalism as a freelancer in 2001 for Tendobox.com. Asif is a CPA and was formerly an investment adviser representative. After much success in his own personal investments, he retired from his day job in financial services and is currently focused on new private investments. His favorite PC game of all time is Duke Nukem 3D, and he is an unapologetic fan of most things Nintendo. Asif first frequented the Shack when it was sCary's Shugashack to find all things Quake. When he is not immersed in investments or gaming he is a purveyor of fine electronic music. Asif also has an irrational love of Cleveland sports.