Gamestop revenue for the
quarter is: Stay tuned, coming tonight!
Gamestop EPS for the quarter
is: Stay tuned, will be updated tonight!
The key takeaways for Gamestop
Q1 2022 Quarterly Earnings Report are: Coming soon, after market close
today.
See also Gamestop’s
Investor Relations website and the recent Gamestop 2022 Proxy Statement
When
is Gamestop Earnings?
Gamestop is reporting today
after the normal trading hours. That is after market close (AMC) on Wed,
June 01, 2022.
The name of this earnings
report is ‘Gamestop Q1 2022 Quarterly Earnings Report’ and it announces
the company’s business results for Nov 2021, Dec 2021 and Jan 2022.
The name of the Gamestop’s next
earnings report is ‘Gamestop Q2 2022 Quarterly Earnings Report’ and it is
expected to be announced (unconfirmed) on 01 Sept, 2022, for the Quarter
ending Apr 2022.
Gamestop
Earnings and the Stock’s Expected Move
The options market is pricing a
19.5% move (up or down) for Gamestop Q1 2022 Quarterly Earnings.
Will
Gamestop Stock Go Up? Watch This Video by ForexLive.com
Gamestop Q1 2022 Quarterly Earnings
Report: A Different Technical Analysis Preview – Watch Video
Could another short squeeze be in the making for
Gamestop’s Q1 2022 Quarterly Earnings?
Gamestop keeps making the news and if you know
anyone who is even remotely social trading, you have probably heard about the GME
“MOASS” theory (mother of all short squeezes).
But before we get ahead of ourselves, let’s talk
real numbers.
Q4 2021 Earnings Recap
In 2021 many investors were wondering if
Gamestop knew what it wanted to be. The company’s Q4 earnings answered with a
sound yes.
Here are the major moves for GME for Q4 2021
Gamestop expanded their online
store and began featuring different products like TVs, PC components,
Toys, and so forth.
Gamestop also established major
partnerships, locking in deals with PC gaming giants like Corsair,
Alienware, and Lenovo, all of which contributed to the company’s sales
growth.
But the partnerships didn’t
stop there as GME moved into the cryptosphere by joining forces with
Immutable X and Loopring as development of the company’s marketplace
began.
Furthering GME commitment to
blockchain tech, the company hired experts in blockchain gaming, tech, and
ecommerce.
The roadmap for 2022 was also
laid out as Gamestop planned to expand its offerings as it began building
the Gamestop NFT Marketplace and the Gamestop Wallet.
Gamestop generated net sales of
$2.254 billion, up from to $2.122 billion (Q4 2020), and $2.194 billion
(Q4 2019).
In terms of PowerUp rewards
membership, GME experienced a 32% growth on a yoy basis.
Gamestop also revamped its app.
GME’s new app is now more user friendly but also took strides in terms of
scalability, product catalog, and functionality.
Gamestop 2021: some extra notes
Looking back at 2021’s fiscal year, GME
generated net sales of $6.011 billion, a staggering extra billion when compared
to 2020 ($5.090 billion). It also ended the fiscal year with $915 million in
inventory (up from $602.5 million in 2020).
Gamestop raised around than $1.67 billion in
capital and managed to eliminate all its long-term debt (other than a $44.6
million low-interest, unsecured term loan which is related to the COVID-19
response).
Has the market been sleeping on GME?
To many, Gamestop will forever be a meme
stock. To those who follow the company’s move closer, however, Gamestop’s
transformation is looking better by the day.
GME has cash in hand, and it stopped being a
video game retailer a long time ago (and if you weren’t paying attention, the
company’s new hires, like the executives from Amazon, Apple, and Microsoft were
a major tell).
In terms of brand, Gamestop developed its image
way beyond the dusty old brick-and-mortar stereotype by betting on inventory
during a low inflation and low borrow fees environment, and by adding delivery
and fulfillment centers.
This move reflects GME’s commitment in meeting
demand and mitigating any supply chain setback that may come their way.
Moreover, the company diversified its revenue
streams by pivoting into stronger growth fields like the blockchain space.
Its marketplace move alone should be a solid growth driver going forward (to
contextualize, OpenSea’s valuation is an estimated $13 Billion alone).
Gamestop has cleaned up. It’s leaner, it has
cash in hand and nearly no debt. Its move into the cryptosphere and bet on the
$150 billion gaming industry can prove successful in the upcoming years.
But as historical data has shown us, GME tends
to be volatile following its quarterly results. And while some still see it as
a bet, others see a lot of value which hasn’t been priced in.
Can we see another GME short squeeze?
It is important to understand that previous to
this earnings report, Gamestop’s borrow rates have been rising by the day.
The cost to borrow has gone up significantly
and, in tandem, GME’s utilization rate has been 100% for more than 70
consecutive trading days.
This means that there might not be any available
shares left to short and short sellers need to find other resources to continue
shorting if they so wish.
However, those elements alone might not be sufficient
to trigger a short squeeze. Buying pressure must be added to the mix so
it will all be up to the GME earnings report.
As such, we couldn’t say it better than Ryan
Cohen himself: you might want to buckle up.
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