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GameStop (GME) Q2 2022 earnings and revenue expectations

GameStop's Q2 2022 earnings release drops on September 7, 2022, and we have put together Wall Street's EPS and revenue expectations.

Asif Khan

September 6, 2022 11:30 AM

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Earnings season is winding down, but GameStop's Q2 2022 results will release tomorrow afternoon. The embattled video game retailer has had a very volatile 2022 with the shares down considerably from their August highs, but some investors hope that things will turn around with Q2 2022. Please take a look at all of the important metrics and information to pay close attention to when GameStop's Q2 2022 earnings release comes out.

GameStop (GME) Q2 2022 earnings and revenue Wall Street expectations

Earnings-per-share (EPS) expectations

• Wall Street high EPS estimate: loss of $0.10/share
• Wall Street mean EPS estimate: loss of $0.38/share
• Wall Street low EPS estimate: loss of $0.55/share
• Wall Street consensus EPS estimate: loss of $0.38/share
• EPS whisper number: loss of $0.44/share
• Wall Street Mean EPS of a loss of $0.38/share would be twice the size of Q2 2021's $0.19/share loss 

Revenue (sales) expectations

• Wall Street mean revenue estimate: $1.3 billion
• Wall Street consensus revenue estimate: $1.27 billion
• Wall Street mean revenue of $1.3 billion would be an 8.3% increase from Q2 2021.

This data was compiled from information on etrade.com and earningswhispers.com.

GameStop's Q2 2022 earnings release will be the first quarterly report to include results from the NFT marketplace. While volumes on the platform have certainly slowed down since launch, it will be interesting to see how the company will report on results and how they plan on handling any cryptocurrency received. Another interesting data point to watch will be the reported total amount of shares directly registered with transfer agent Computershare. 

Investors may also be hoping to hear GameStop address the handling of their recent stock split dividend. GME shares are under pressure heading into tomorrow's earnings release, and many traders are expecting some fireworks. We will be covering the Q2 2022 earnings results, conference call, and all of the news as it breaks tomorrow afternoon.

GameStop store leaders ❤️

— Ryan Cohen (@ryancohen) August 24, 2022

We will be streaming the GameStop (GME) Q2 2022 earnings conference call on our Shacknews Twitch channel, so be sure to give us a follow to be notified when we go live.

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.