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Q2 Earnings Preview For Take-Two Interactive

Benzinga Newsdesk

Take-Two Interactive (NASDAQ: TTWO) announces its next round of earnings this Thursday, November 7. Here is Benzinga's everything-that-matters guide for the Q2 earnings announcement.

Earnings and Revenue

Take-Two Interactive EPS is expected to be around $1.68, according to sell-side analysts. Sales will likely be near $925.56 million.

In the same quarter last year, Take-Two Interactive announced EPS of $1.05 on revenue of $583.42 million. The Wall Street estimate would represent a 60.00% increase in the company's earnings. Sales would be up 58.64% from the year-ago period. Here's how the company's reported EPS has stacked up against analyst estimates in the past:

View more earnings on TTWO

 

Quarter Q1 2020 Q4 2019 Q3 2019 Q2 2019
EPS Estimate 0.020 0.750 2.74 0.93
EPS Actual 0.270 0.780 2.9 1.05

Stock Performance

Over the last 52-week period, shares of Take-Two Interactive have declined 7.46%. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release. Long-term shareholders are already wary of 12-month losses prior to the announcement.

Over the past 90 days, analysts have generally adjusted their estimates higher for EPS and revenues. Analysts seem to have settled on a Neutral rating with Take-Two Interactive. The strength of this rating has maintained conviction over the past three months.

Conference Call

Take-Two Interactive is scheduled to hold a conference call at 4:30 p.m. ET and can be accessed here: https://edge.media-server.com/mmc/p/mnatfe2y

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