Earnings Preview: What To Expect From GameStop Today
GameStop is expected to report a loss of ($0.41)/share on $1.12 billion in revenue. Meanwhile, the so-called Whisper number is a loss of $(0.38). The Whisper number is the Street's unofficial view on earnings.
A Closer Look At The Fundamentals:
Fundamentally, the company is still losing money and is expected to loss money in 2021. The stock was caught up in the meme stock short squeeze mania earlier this year. Investors want to see if the company has a clear plan to prosperity.
A Closer Look At The Chart:
Technically, the stock is acting well as it continues to consolidate the huge move it saw earlier this year. The bulls want to see the stock gap up after reporting earnings and the bears want to see it gap down.
Pay Attention To How The Stock Reacts To The News:
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.