We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Take-Two Interactive (TTWO) Stock Moves -0.54%: What You Should Know
Read MoreHide Full Article
In the latest trading session, Take-Two Interactive (TTWO - Free Report) closed at $120.73, marking a -0.54% move from the previous day. This move was narrower than the S&P 500's daily loss of 2.8%. Elsewhere, the Dow lost 2.11%, while the tech-heavy Nasdaq lost 0.06%.
Prior to today's trading, shares of the publisher of "Grand Theft Auto" and other video games had gained 0.66% over the past month. This has outpaced the Consumer Discretionary sector's loss of 6.33% and the S&P 500's loss of 4.08% in that time.
Investors will be hoping for strength from Take-Two Interactive as it approaches its next earnings release. On that day, Take-Two Interactive is projected to report earnings of $1.37 per share, which would represent a year-over-year decline of 13.29%. Our most recent consensus estimate is calling for quarterly revenue of $1.53 billion, up 55.2% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $4.91 per share and revenue of $5.85 billion, which would represent changes of -7.18% and +71.67%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Take-Two Interactive. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1% lower. Take-Two Interactive currently has a Zacks Rank of #4 (Sell).
Valuation is also important, so investors should note that Take-Two Interactive has a Forward P/E ratio of 24.7 right now. This valuation marks a premium compared to its industry's average Forward P/E of 16.19.
Meanwhile, TTWO's PEG ratio is currently 1.36. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Toys - Games - Hobbies stocks are, on average, holding a PEG ratio of 1.9 based on yesterday's closing prices.
The Toys - Games - Hobbies industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 71, putting it in the top 29% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Take-Two Interactive (TTWO) Stock Moves -0.54%: What You Should Know
In the latest trading session, Take-Two Interactive (TTWO - Free Report) closed at $120.73, marking a -0.54% move from the previous day. This move was narrower than the S&P 500's daily loss of 2.8%. Elsewhere, the Dow lost 2.11%, while the tech-heavy Nasdaq lost 0.06%.
Prior to today's trading, shares of the publisher of "Grand Theft Auto" and other video games had gained 0.66% over the past month. This has outpaced the Consumer Discretionary sector's loss of 6.33% and the S&P 500's loss of 4.08% in that time.
Investors will be hoping for strength from Take-Two Interactive as it approaches its next earnings release. On that day, Take-Two Interactive is projected to report earnings of $1.37 per share, which would represent a year-over-year decline of 13.29%. Our most recent consensus estimate is calling for quarterly revenue of $1.53 billion, up 55.2% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $4.91 per share and revenue of $5.85 billion, which would represent changes of -7.18% and +71.67%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Take-Two Interactive. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1% lower. Take-Two Interactive currently has a Zacks Rank of #4 (Sell).
Valuation is also important, so investors should note that Take-Two Interactive has a Forward P/E ratio of 24.7 right now. This valuation marks a premium compared to its industry's average Forward P/E of 16.19.
Meanwhile, TTWO's PEG ratio is currently 1.36. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Toys - Games - Hobbies stocks are, on average, holding a PEG ratio of 1.9 based on yesterday's closing prices.
The Toys - Games - Hobbies industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 71, putting it in the top 29% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.