GameStop Stock Is a Hard Pass Ahead of Today’s Earnings Whether or not you’ve dabbled in GameStop (NYSE: GME ) stock before, you may be tempted to do so following the big drop over the past month. Down more than 41% since August, shares are showing a little life ahead of the videogame retailer’s earnings report at market close today. But before you decide to “buy the dip” with this popular meme stock, you may want to sit this one out. There’s little to suggest that the company will meet|beat expectations, with its latest quarterly results based on the earnings misses in the preceding quarters. Even if it does beat expectations, that may not be enough to save the day. Other factors, namely the decline of the “meme stocks” phenomenon, could outweigh it. In turn, applying more pressure onto shares. Add in a rich valuation, and all signs point to “avoid.” GME GameStop $23.78 GME Stock Can’t Buck the Trend GameStop has a mixed track record when it comes to living up to analyst estimates. Over the past two years, it’s only beaten revenue estimates 50% of the time and earnings estimates 38% of the time.