Gamestop: Undervalued? [Seeking Alpha]
GameStop Corporation (GME)
Last gamestop corporation earnings: 3/26 04:06 pm
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US:NYSE Investor Relations:
phx.corporate-ir.net/phoenix.zhtml?c=130125&p=irol-irhome
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Source: Seeking Alpha
Summary Yet again, Nintendo's ( OTCPK:NTDOY ) Switch powered another revenue-topping quarter for Gamestop ( GME ). And yet again, the market was unimpressed and sold off GME stock. While we understand the sell-off, we also think the stock looks good here. Overall, we don't love the business, but we do think the business is good enough to suggest the stock is materially undervalued. GME data by YCharts The market really doesn't like these Switch-powered beats. It's akin to what is happening over at NVIDIA ( NVDA ) and AMD ( AMD ), where current cryptocurrency mining tailwinds are driving topline beats. Despite topline beats at AMD and NVDA, the stocks sold off because the market doesn't view cryptocurrency mining as a sustainable tailwind. Same with the Switch. Its providing a big boost to hardware revenue this year, but then what? The Xbox One X will launch later this year, and that will also provide a boost, but the next major console launch after that is
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GME
Earnings
- 3/26/24 - Miss
GME
Sec Filings
- 3/27/24 - Form 10-K/A
- 3/26/24 - Form 10-K
- 3/26/24 - Form 8-K
- GME's page on the SEC website