GameStop Analysts React To Q4 Earnings: Company Needs 'Some Magic Beans And Pixie Dust'

What’s Next: Link told CNBC turnarounds take time. Investors are betting on Ryan Cohen and the Chewy Inc CHWY model being successful if you’re investing in GameStop.

“With industry comps getting much tougher starting in March, we expect a continuation of very challenged results for GME,” Nagle said.

The Bank of America analyst also said the non-fundamental factors with GameStop are fading including conversations on Reddit, trading volume, and short interest.

GameStop mentioned leveraging its digital assets like its PowerUp rewards program on the earnings call. Nagle said engagement in PowerUp has declined for years and questions this focus from the company.

Early first-quarter comparable sales are below Telsey and Street expectations, Feldman said. The analyst lowered estimates for fiscal 2021 as a result.

“This stock is not worth anything close to where it is trading,” Chukumba said. “This will end badly.”

GME Price Action: GameStop shares are down 20% to $145.40 at publication time.

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