Just two analysts have anything to say on GameStop stock. One has a Sell rating and the other has a Hold rating. At a share price of around $16.60, the stock trades above its median price target of $12.65. At the high target of $20.00, the upside potential is 21%. Nearly 22% of GameStop’s shares are sold short, and the current borrow fee is above 16%.
Fourth-quarter revenue is forecast at $2.18 billion, up 83.8% sequentially but 3.1% lower year over year. Analysts expect GameStop to report an adjusted loss per share of $0.13, compared to the prior quarter’s loss of $0.31 and the year-ago loss of $0.47. For the full 2023 fiscal year that ended in January, analysts forecast an adjusted loss per share of $1.31 compared to the prior-year loss of $1.14 per share, and sales of $5.88 billion, down 2.2%.
GameStop is not expected to post a profit in fiscal 2023, 2024 or 2025. Based on estimates of GameStop’s sales ranging between $5.55 billion and $5.88 billion for the three fiscal years, the enterprise value to sales multiple is 0.8. The stock’s 52-week range is $15.41 to $49.85. GameStop does not pay a dividend, and the total shareholder return for the past year was negative 24.29%.
Nike
Over the past 12 months, shares of athletic gear maker Nike Inc. (NYSE: NKE) have declined by about 5.5%. For the year to date, the Dow component is the 10th-best performer, up 2.89%, but down 13.9% since its 52-week high posted almost a full year ago. Nike faces a challenge from Skechers as America’s favorite casual footwear, largely due to a significant price difference. Nike also has to regain the affection of Chinese consumers after the long lockdowns in the country. It will be competing with Skechers (again) and other U.S. brands, like Starbucks, for Chinese yuan.
Of 39 brokerages covering the stock, 25 rate the shares at Buy or Strong Buy. Thirteen more have a Hold rating. At a price of around $120.40 a share, the upside potential based on a median price target of $133.00 is about 10.5%. At the high price target of $185.00, the implied upside is 53.7%.
For the company’s third quarter of fiscal 2023, revenue is expected to come in at $11.48 billion, down 13.8% sequentially but 5.6% higher year over year. Adjusted EPS are forecast at $0.55, down 35.8% sequentially and down 36.8% year over year. For the full 2023 fiscal year ending in May, current estimates call for EPS of $3.14, down 26.3%, on sales of $50.05 billion, up about 7.2%.
Nike stock trades at 38.3 times expected 2023 EPS, 30.5 times estimated 2024 earnings of $3.95 and 25.4 times estimated 2025 earnings of $4.75 per share. The stock’s 52-week range is $82.22 to $139.86. Nike pays an annual dividend of $1.36 (yield of 1.15%). Total shareholder return for the past year was negative 4.44%.
Originally published at 24/7 Wall St.
Sponsored: Find a Qualified Financial Advisor
Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.
