|Bid||116.18 x 800|
|Ask||116.19 x 800|
|Day's Range||114.87 - 116.44|
|52 Week Range||99.63 - 151.26|
|PE Ratio (TTM)||52.29|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
In the chart below, we can see that Take-Two Interactive (TTWO) has outlined its growth projections in the global games market. The gaming industry is estimated to grow from $123.0 billion in 2017 to $137.0 billion in 2018 and might reach $166.0 billion by the end of 2022. Take-Two Interactive and its peers Activision Blizzard (ATVI), Electronic Arts (EA), and Zynga (ZNGA) have an opportunity to drive revenues in a growing market.
This game has been the primary reason for Take-Two Interactive’s 1000.0% stock returns (in absolute terms) since the start of 2013. Take-Two Interactive’s highly anticipated game, Red Dead Redemption 2, is expected to be released on October 26 and contribute to the company’s revenues in the holiday quarter. Red Dead Redemption 2 already has a dedicated fan base, and it’s garnered positive responses from its players.
Among its peers, Electronic Arts (EA), Activision Blizzard (ATVI), and Zynga (ZNGA) expect to see their revenues rise 2.8%, 16.3%, and 20.0%, respectively, in the 2018 holiday season. The holiday season is a key revenue driver not just for consumer and electronic companies, but also for gaming companies.
Take-Two Interactive (TTWO) stock was trading at $12.00 at the start of 2013. That year, the gaming company’s stock price rose 44.0% to $17.60. Take-Two stock rose 59.0% in 2014, 24.0% in 2015, and 41.0% in 2016 to $49.29.
Case in point: The Western-themed “Red Dead Redemption 2,” due next month from (TTWO) (TTWO). In a Friday note, Piper Jafrray’s Michael Olson estimated that in a bullish scenario, the game — which he currently forecasts as representing about $260 million in fiscal 2020 revenue — could yield as much as $500 million, boosting per-share earnings estimate a buck higher than his current $4.84 estimate. Take-Two’s Rockstar division this week said the online, multiplayer version of “Red Dead” is now expected to launch in November.
Investors need to pay close attention to Electronic Arts (EA) stock based on the movements in the options market lately.
While a balanced portfolio allows for some speculation, now is also a great time to consider S&P 500 stocks. Since the second half of this year, the S&P 500 has gained nearly 7%. Another reason to consider S&P 500 stocks is that they’re more stable on the way down.
Electronic Arts (EA) stock has been impacted by several factors this year. EA stock fell again last month when the company delayed the launch of Battlefield V. Last year, investment firm Cowen reduced its price target and revenue forecast for Electronic Arts due to lower-than-expected sales for Star Wars Battlefront II. A negative reaction from players led to EA’s temporarily disabling microtransactions (or MTX) for the game.
Electronic Arts (EA) is optimistic about the market opportunity in eSports and competitive gaming verticals. According to Newzoo, the eSports market will be valued at $1 billion by the end of 2018 and is estimated to reach $1.4 billion by 2020.
Gaming companies Electronic Arts (EA), Take-Two Interactive (TTWO), and Activision Blizzard (ATVI) bank heavily on successful franchises to drive revenue. A successful franchise can easily churn over a billion dollars for gaming companies. While EA has the FIFA and NFL sports franchises, Activision has the Call of Duty franchise. Take-Two has its blockbuster game Grand Theft Auto.
News that EA is delaying its upcoming "Battlefield V" shooter has sent its shares down, but the market is losing focus on what really drives the company's performance.
About 800 bus drivers who provide transportation to multiple Silicon Valley tech campuses have reached a tentative agreement on a new contract.
Electronic Arts (EA) has been a solid gaming stock over the last few years. EA stock rose 106% in 2014, 46% in 2015, 15% in 2016, and 33% in 2017. In fiscal Q1 2019, EA increased its net bookings 2% YoY (year-over-year) to $693 million.
Electronic Arts (EA) reported its fiscal Q1 2019 results on July 26. EA stock fell 12% in August after it announced that its Battlefield V game was delayed and would launch on November 20 instead of October 19.
It would be less than accurate to say the new Xbox All Access offering from Microsoft (NASDAQ:MSFT) is bulletproof. It makes buying the uncomfortably expensive Xbox far more palatable to gamers. Indeed, factoring in access to “rented” games rather than requiring the outright purchase of them, Xbox All Access is now arguably the better value relative to owning the rival PlayStation 4 console, made by Sony (NYSE:SNE).
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