Top Performer for Monday: Take-Two Interactive (TTWO)

Take-Two Interactive Software, Inc. (TTWO) is once again a top-performing Zacks #1 Rank company; this time with a gain of approximately 12%. The video game company was last featured as a top performer on Mar 26.

According to a report by Barron's, the company's shares are advancing on renewed rumors of a takeover.

The past 2 months have seen solid gains for TTWO's earnings estimates. Expectations for this fiscal year, ending October 2009, moved to a penny profit from a loss of 42 cents in that timeframe.

Meanwhile, estimates for next fiscal year, ending October 2010, increased to $1.25 per share from 52 cents. This would also mark a sharp surge in profit year over year.

Its fiscal second quarter, which ends this month, has enjoyed upward revisions in the past 2 months as well, narrowing to a loss of 17 cents from a loss of 19 cents.

TTWO announced its fiscal first-quarter results in early March. The company reported a loss per share that was wider than the year earlier, but narrower than the consensus. Net revenue increased almost 7% to $256.8 million, reflecting solid sales from Grand Theft Auto IV, Carnival Games, NBA 2K9 and Midnight Club: Los Angeles.

There are 2 companies from the Toys/Game/Hobby Industry on today's Zacks #1 Rank List, which includes 209 stocks. Other than TTWO, the other company is Glu Mobile, Inc. (GLUU).

Read the full analyst report on TTWO

Read the full analyst report on GLUU