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Benzinga
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GameStop Q4 Earnings Loom: Will Bullish Technicals Override Wall Street Skepticism?

1. GameStop will report Q4 earnings, expecting 8 cents EPS and $1.48 billion revenue. 2. Stock is up 68.12% YoY but down 17.09% YTD. 3. Current price of GME is $25.75, above key moving averages. 4. Bearish MACD indicates potential momentum slowing; RSI shows neutral conditions. 5. Analyst consensus is Underperform with a price target of $10, signaling potential downside.

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FAQ

Why Bearish?

The consensus rating of 'Underperform' and low price target suggest downside risk, similar to past earnings where expectations fell short and led to price declines.

How important is it?

Earnings reports are pivotal for price movement; anticipated underperformance could lead to a significant drop.

Why Short Term?

Immediate earnings report impacts market sentiment, while longer-term trends remain uncertain due to volatility.

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