Earnings Reports Expected: Mixed Outlook for GameStop, Others

A report outlines upcoming earnings results for several companies, revealing a mix of forecasts. GameStop shows a slight improvement in EPS, while others like Dave & Buster's face declines. Investors should watch for potential impacts on stock prices based on these results.

Date: 11-09-2024

AI Rating: 5

The report examines the expected earnings reports for several companies, with various implications for their stock prices based on the consensus earnings per share (EPS) forecasts. Here’s a detailed look:

GameStop Corporation (GME): The forecast EPS is $-0.01, reflecting a 66.67% increase year-over-year. Despite previous negative surprises, the high Price to Earnings (P/E) ratio of 303.13 indicates expectations for strong earnings growth compared to the industry average of -2.20.
Dave & Buster's Entertainment, Inc. (PLAY): The expected EPS of $0.87 shows a decrease of 7.45% from last year, and with a -28.21% miss in the previous report, this suggests a negative outlook. The P/E ratio of 10.83 is much lower than the industry average of 41.50.
InnovAge Holding Corp. (INNV): The forecast EPS is $-0.01, an 88.89% increase year-over-year. However, a negative P/E ratio of -36.94 in contrast to the industry average of 6.40 raises concern about profitability.
Petco Health and Wellness Company, Inc. (WOOF): An EPS forecast of $-0.08 reflects a dramatic 700.00% decrease, with a P/E ratio of -11.88 against an industry average of 10.40, suggesting severe financial distress.
Cantaloupe, Inc. (CTLP): The forecast EPS of $0.05 shows a 25.00% increase year-over-year. With a P/E ratio of 37.59, it indicates a potentially strong earnings growth compared to an industry average of 20.40.
Mama's Creations, Inc. (MAMA): Forecast EPS of $0.02 signifies a 60.00% decline, while a P/E of 53.33 compared to the industry average of 24.60 suggests higher growth expectations despite recent misses.
Evolution Petroleum Corporation, Inc. (EPM): The EPS forecast of $0.06 shows potential stability compared to $0 last year, which could incrementally benefit the stock if met.

Overall, while GameStop and Cantaloupe appear poised for potential growth, other companies like Dave & Buster's and Petco are likely facing challenges that could negatively influence their stock prices.

Stocks: GME PLAY INNV WOOF CTLP MAMA EPM