(Bloomberg) — GameStop Corp (NYSE:).’s results may not mean much to Wall Street, but don’t tell that to the group of retail traders who have fueled this year’s 829% surge in the stocks on hopes chairman Ryan Cohen can deliver a major turnaround.

Reddit will be watching the earnings call of the video-game retailer post-market Wednesday in order to hear updates on the company’s ongoing transformation from brick and mortar store to e-commerce giant. Cohen may even give the update. But the GameStop chairman, who is also the co-founder of online pet supplies retailer Chewy (NYSE:) Inc., hasn’t been talking much. 

Cohen did not provide much detail about GameStop’s future plans after he announced his efforts to “shake up” operations earlier in the year and hired a new team of managers. Other than a few cryptic tweets over the past few months, the last time Cohen addressed investors was during an appearance at the company’s annual meeting in June, when he said his team was “putting the right pieces in place.” Over the last three earnings calls, in March, June and September, the GameStop team took no questions.   

“The only thing that can matter is if Cohen reveals his strategy,” said Wedbush analyst Michael Pachter who rates the stock as a sell. Still, Pachter said he doesn’t expect much of an update during the call since the company hasn’t scheduled a separate conversation with him, which it has done “every quarter of their existence” until this year.

A representative for GameStop didn’t immediately respond to a request for comment on whether Cohen will address investors after the release of quarterly results. The company is expected to report a third-quarter adjusted loss per share of 52 cents, according to data compiled by Bloomberg, but Pachter said the earnings “don’t matter at all” at a time when the focus is on the strategy for the future.

Pachter remains among three Wall Street analysts with ratings for the stock. That’s down from nine years ago. Ascendiant Capital Markets’ Edward Woo also has a sell recommendation on GameStop, while Jefferies (NYSE:) analyst Steph Wissink has a hold. The average 12-month price target for GameStop is $88. 

Will They or Won’t They?

Colin Sebastian is a Baird analyst who was suspended in June. This has led to questions about whether management would be open to answering any of these queries. In a Dec. 7 note titled “Will they or won’t they?” he wrote that he expects an upbeat tone in the release that will reflect healthy demand for key hardware platforms.

Grapevine-based GameStop, Taxas, is the poster child for the meme stock phenomenon. Wall Street has been captivated by this year’s so-called “meme stock” trend, however GameStop shares have suffered from a lack of clarity about the turnaround strategy and a large selloff of risk assets. This stock has fallen 29% since its Nov. 22 high. 

The company’s bets have paid off this year with an impressive 844% rise that easily surpasses the 61% increase for the basket of 37 meme stock stocks. Bloomberg tracks these shares. On Wednesday, the stock traded 1.6% less at $175 in New York.

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