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Activision Blizzard, Inc. Message Board

  • bagne@wyoming.com bagne Feb 7, 2013 11:32 PM Flag

    Trouble Looms

    Read ATVI's guidance closely. They see 80c earnings per share for fiscal 2013. The analyst consensus called for 97c. That's 22 percent less earnings than analysts predicted! Take Credit Suisse, for example. They estimated 2013 earnings of $1.04. Activision is guiding 30 percent lower! CS had a price target of $16 prior to earnings. If they shave 30% off that, the new target would be $11.20. What could possibly drive the stock higher with that dismal outook. A dividend hike? Share buybacks? I love Activision, play its games, believe in the co's creativity, owned its stock up until this report, but I'm afraid if you were watching after-hrs. you just saw the peak for about another year.

    Sentiment: Sell

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    • guess which one of out contestants has the Feb 12 pits

      • 1 Reply to gowyoming2004
      • bagne@wyoming.com bagne Feb 8, 2013 3:13 PM Flag

        Actually I had half of my portfolio long on this stock, I made a nice profit, and may re-enter after a pullback. As of today, bullish analysts are still generally bullish, but they're not raising their price targets because of the weak guidance. S&P, for example, is sticking with $15. The stock reached an extreme $14 today, so if there was any time to take profits that was it. And going forward, by its own concession, Activision faces a transitional year that may very well show lower earnings than it did this year. Like the company, like the stock, love the games, but also like to preserve profits when I get 'em. Weird, huh?

        Sentiment: Sell

 
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