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Today we are watching…
1. GameStop (#gamestop)
US video game and electronics retailer, GameStop, is looking shaky ahead of its earnings call today. Analysts have been downgrading their estimates for the company’s performance in the lead up to today, which generally does not bode well for any hopes of an earnings beat. The share is down 12.7% this month alone, and may be set for further declines in the event of a negative outcome today. The consensus EPS estimate is $1.58 (-21.8%) on revenue of $3.28bn (-6.3%).
2. Walgreens Boots Alliance (#boots)
Analysts are on the fence today about WBA’s chances at an earnings beat. While revenues are forecast to increase year on year, a number of research firms show indications that its earnings are likely to decline, giving a grim outlook on today’s report. Its share price has slid 4.92% this month, and a whopping 24% since its November high last year with more downside on offer in the event of an earnings miss today. The EPS estimate is $1.72 (-0.6%) on revenue of $34.57bn.ย