|Bid||114.10 x 800|
|Ask||119.84 x 1000|
|Day's Range||112.71 - 116.00|
|52 Week Range||68.12 - 129.25|
|PE Ratio (TTM)||71.05|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Despite a mixed quarter, analysts remain optimistic about Take-Two Interactive Software Inc.’s prospects. Shares of the videogame publisher are up almost 1% in late trading Thursday, though the company reported a revenue miss and delivered an outlook that fell short of what analysts had been expecting the prior afternoon. Analysts, however, saw plenty of bright spots in the company’s commentary.
Fourth quarter revenue fell 21.2% to $450.3 million – beating consensus forecasts by $5.47 million – but earnings per share of 77 cents missed consensus forecasts by 19 cents per share. The stock moved more than 5% lower in after-hours trading on Wednesday following the results, but it regained ground during Thursday's session after analysts covering the stock came out more bullish than expected.
Video game publisher Take-Two Interactive Software delivered a mixed quarterly report, but Wall Street remains optimistic about the company's year-ahead prospects.
This week, Wired ran an article called “How Fortnite, a ‘Gamer’s Game’, Took Over the World.” If that’s not a great snapshot of the frenzy around the Epic Games title — particularly since the addition of its free-to-play battle royale — I’m not sure what is. From an investment standpoint, though, much of the buzz around Fortnite relates to whether or not it’s stealing gamers and thus profits away from its publicly traded rival Take-Two Interactive Software, Inc (TTWO), best known for its smash hit Grand Theft Auto. Fortnite is only a footnote in that equation.
EPS and sales both beat consensus estimates, though the initial guidance for fiscal 2019 fell short. Reflecting the move, Take-Two announced fiscal 2019 net bookings guidance of $2.67-$2.77 billion against a consensus estimate of $2.87 billion.
As of this writing, TTWO stock is up 3%! I have to say, it’s impressive to watch a stock undershoot analysts’ earnings, revenue and guidance expectations for the year fall one minute and rally the next. Its Grand Theft Auto Mobile title saw some big numbers, as did its NBA 2K18 and WWE 2K18. Another may be that in the fourth quarter of this year, its much-anticipated launch of Red Dead Redemption 2 — as well as new NBA and WWE games — hits the market.
Shares of Take-Two Interactive Software Inc. are up 1.7% in Thursday morning trading after analysts found positives in the company's earnings commentary, though the company's revenue and outlook disappointed. "It was a messy quarter with a lot of moving parts but the bottom line is we absolutely want to own Take-Two heading into the upcoming launch of Red Dead Redemption 2 (Oct 26), which we expect to be a smash hit with a long, high-margin revenue tail," Jefferies analyst Tim O'Shea wrote.
Dow Jones futures fell Thursday. Cisco Systems and Take-Two Interactive, both near buy points, fell on earnings. Loxo Oncology spiked on cancer drug trial data.
Take-Two Interactive Software, Inc. (TTWO) just released its latest quarterly financial results, posting adjusted earnings of 69 cents per share and revenues of $450.3 million.
Revenue in the three months ended in March fell to $411 million, yielding earnings per share of 70 cents. For the current quarter, the company sees bookings of $216 million to $265 million, which, at the mid-point, is below consensus for $371 million.
The company reported fiscal fourth-quarter net income of $90.8 million, or 77 cents a share, compared with $99 million, or 89 cents a share, in the year-ago period. The company said it expects earnings of 53 cents to 63 cents a share on net bookings of $215 million to $265 million and net revenue of $345 million to $395 million.
The New York-based company said it had net income of 77 cents per share. Earnings, adjusted for one-time gains and costs, came to 69 cents per share. The results exceeded Wall Street expectations. The ...
Videogame publisher Take-Two Interactive Software Inc reported fourth-quarter revenue that missed Wall Street estimates, as increasing competition from games in the "battle royale" genre such ...
The size of Take-Two Interactive Software Inc (NASDAQ:TTWO), a US$13.08B large-cap, often attracts investors seeking a reliable investment in the stock market. One reason being its ‘too big to fail’Read More...
Earnings from Macy's and Cisco, along with housing market data, will be the big highlights for investors on Wednesday after stocks snapped an 8-day winning streak on Tuesday.
Earlier this week, Electronic Arts Inc. (NASDAQ:EA) reported its fiscal fourth-quarter earnings results. Analysts are applauding the quarter, raising price targets left and right since the report. The highest price target, from Wedbush Securities, sits all the way up at $158, implying almost 20% upside from current levels.
Bethesda is slated to release a new game. On Monday, Bethesda Softworks LLC officially dropped the trailer for Rage 2. Sorry, Bethesda fans, sounds like any news about Bethesda's more popular games will have to wait 'til E3.