GameStop Topped Q1 Estimates; Issued Q2, 2012 EPS Guidance

May 19, 2011

GameStop (NYSE:GME) reported Q1 EPS of $0.56, ahead of consensus estimates of $0.54 per share. Revenues for the quarter rose 9.5% year-over-year to $2.28 billion, topping consensus estimates of $2.23 billion. Comparable store sales were 5.3%.The company sees Q2 EPS of $0.20 to $0.23, vs. consensus estimates of $0.28 per share, and 2012 EPS of $2.82 to $2.92, vs. consensus estimates of $2.91 per share.GameStop has a potential upside of 7% based on a current price of $25.45 and an average consensus analyst price target of $27.23.