GameStop Q2 Earnings: Live Blog For GME Traders and Investors

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The day has finally arrived. On September 8, after the closing bell, GameStop will announce the results of its second quarter 2021.

Wall Street Memes will cover the event in real time, via live blog, starting at 4 p.m. EST. As usual, we will keep an eye on what matters most to GameStop stock  (GME) – Get GameStop Corp. Class A Report traders and investors.

Below is a quick earnings preview – feel free to dive deeper by reading our Tuesday article. If you would like to go straight into the Wednesday after-hours action, skip to the “Live Blog Starts Here” section. Refresh the page regularly for the most recent take.

Figure 1: GameStop store.


GameStop’s Q2 preview

The second quarter of the year will serve as a landmark for GameStop in a couple of ways. First, the company should continue to post substantially better results compared to a pandemic-stricken 2020, as a turnaround in the retailer’s fortunes continues to take shape.

Second, this will be the debut earnings season for CEO Matt Furlong. Will the executive introduce something new to support GameStop’s turnaround story and fuel investor sentiment? Will the new management team issue guidance for the remainder of the year?

Otherwise, measure the company’s key financial metrics against the following benchmarks:

  • Wall Street projects $1.12 billion in revenues, for 19% YOY growth.
  • Analysts also see adjusted net loss per share landing at $0.67, better than 2020’s $1.40.
  • GameStop exited Q1 with $771 million in cash and not much in debt on the balance sheet.

Lastly, see below the trajectory of GameStock stock price over the past 12 months. Clearly, shares have been on a wild roller coaster ride that has been overwhelmingly bullish: returns of nearly 2,500% since this time last year and eye-popping annualized volatility of 278%.

Figure 2: GME stock chart over the past 12 months.


Live Blog Starts Here

6:00 a.m. EST: At this moment, we are waiting for the end of the trading session to begin our live coverage. Stay tuned!

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(Disclaimers: this is not investment advice. The author may be long one or more stocks mentioned in this report. Also, the article may contain affiliate links. These partnerships do not influence editorial content. Thanks for supporting Wall Street Memes)