- As management lays the groundwork to transform GameStop Corp (NYSE:GME) into a “technology” company, “many details still remain a mystery,” Baird analyst Colin Sebastian tells investors in a research note following last night’s Q3 results.
- The analyst says that while selling a broader range of merchandise online is helping to drive some growth, it comes with higher losses.
- Sebastian encourages “a bit more transparency around the product roadmap” given the time frame likely needed to transition from a declining physical video game retailer to an e-commerce company competing with Amazon.com Inc (NASDAQ:AMZN) and then into a digital platform. He stays Not Rated on the shares.
- Wedbush analyst Michael Pachter lowered the price target on GameStop to $45 from $50, implying a 72% downside, and kept an Underperform rating on the shares.
- The analyst notes that third-quarter results beat the Street’s expectations for revenue but lagged on EPS.
- Price Action: GME shares traded lower by 6.14% at $162.99 on the last check Thursday.
IHS Holding Q3 EPS $(0.14) Down From $(0.10) YoY, Sales $521.30M Beat $485.56M Estimate
IHS Holding (NYSE:IHS) reported quarterly losses of $(0.14) per share. This is a 40 percent decrease over losses of $(0.10) per share from the same period last year. The company reported quarterly sales of $521.30
