GameStop Corp. (NYSE:GME) announced a partnership with Autism Speaks

GameStop Corp. (NYSE:GME) announced a partnership with Autism Speaks, the worlds leading autism science and advocacy organization. Taking place throughout Autism Awareness Month, April 1 30, GameStop and its family of brands will participate in a fundraising and awareness campaign to benefit Autism Speaks.

This is GameStops first time partnering with Autism Speaks to conduct an in-store and online donation campaign. Customers at the companys GameStop, Spring Mobile AT&T and Cricket Wireless, Simply Mac and ThinkGeek retail stores will have the opportunity to donate to Autism Speaks at point-of-purchase. The campaign will be supported by specialized in-store and online promotional materials, and online outreach through GameStops mobile gaming division, Kongregate,and gaming magazine, Game Informer.

We are proud to partner with Autism Speaks this April, said Matt Hodges, vice president of public and investor relations. This partnership is extra special to the GameStop family. Many of our associates and customers have shared how the video game and technology products we sell have helped them have a meaningful relationship with their child who has autism. We look forward to a successful campaign and helping those families impacted by autism.

This initiative is supported by GameStops passionate store associates, who are committed to giving back to the communities in which they work, live and play. As a thank you to those customers who donate $1 or more, GameStop is offering triple PowerUp Rewards points on the donation amount.

We are thrilled to see the world of gaming and technology embrace autism, said Autism Speaks Vice President of Corporate Development Peter Morton. We are grateful for this partnership since GameStops campaign will raise awareness of autism across the country.

The donations raised through the GameStop campaign will help fund the Autism Speaks Family Services iPad Grant program, which provides iPads to financially disadvantaged children and adults with autism. iPads have become valuable tools for many people on the autism spectrum, allowing them to access apps that help advance communication and learning skills.

GameStop Equity Analysis

GameStop Corp. (NYSE:GME) opened trading today as $30.25 and is trading in the range of 29.61-30.50 today. GameStop’s current market cap stands at $3.17 billion.

Compared to other peers in the Electronics Stores sector, GameStop hasn’t performed in terms of quarterly revenue growth year over year at -0.04 vs. the industry average of 0.30. GameStop’s earnings per share is currently at 3.71, which surpasses the sector average of 2.56.

GameStop is currently covered by 15 Wall Street analysts. The mean target price is $37.04 according to First Call. This presents a solid upside to the current price of the equity. The Mean Recommendation sits at 2.5 which is based on 5 Strong Buy, 3 Buy and 8 Hold ratings.

The most recent analyst actions consisted of Sterne Agee CRT downgrading the stock on January 4^th and Oppenheimer initiating coverage with a downgrade rating back in November.

The current quarter EPS consensus estimate is 2.25 with revenue estimates of 3.57B. Sales are expected to grow at a 2.60% rate. GameStop reported actual earnings last quarter of .54 which fails to beat the .59 consensus estimate, a -8.50% surprise.

Corporate Profile

GameStop Corp. operates as a multichannel video game, consumer electronics, and wireless services retailer. The company sells new and pre-owned video game hardware; physical and digital video game software; pre-owned and value video game products; personal computer (PC) entertainment software in various genres, including sports, action, strategy, adventure/role playing, and simulation; digital products, including downloadable content, network points cards, prepaid digital and online timecards, and digitally downloadable software; video game accessories, such as controllers, gaming headsets, memory cards, and other add-ons for use with video game hardware and software; strategy guides, magazines, and gaming-related toys; and mobile and consumer electronics, including new smartphones, tablets, headphones, and accessories, as well as pre-owned smartphones, tablets, and MP3 players. It also operates electronic commerce Websites comprising gamestop.com, ebgames.com.au, ebgames.co.nz, gamestop.ca, gamestop.it, gamestop.es, gamestop.ie, gamestop.de, gamestop.co.uk, and micromania.fr. In addition, the company operates kongregate.com, a browser-based game site; Game Informer magazine, a physical and digital video game publication; a digital PC distribution platform available at gamestop.com/pcgames; iOS and Android mobile applications; and an online consumer electronics marketplace available at buymytronics.com. Further, it operates Simply Mac, a certified Apple products reseller; Spring Mobile, an authorized AT&T reseller operating AT&T branded wireless retail stores in the United States; and pre-paid wireless stores under the name Aio Wireless. As of July 30, 2014, the company operated approximately 6,600 stores in 15 countries. It has strategic partnerships with Shelfbucks.