Any way you look at it, gaming is big business. It’s not just something that nerds do in their basements to stay out of the sunlight or Saturday nights because they can’t get dates. Gaming is turning into something huge with Twitch channels following gamers live, E-Sports events selling out arenas, and companies cranking out winning franchises earnings them billions of dollars. Today’s Bull of the Day is one of those gaming behemoths, Take-Two Interactive (TTWO - Free Report) .
Take-Two Interactive Software, Inc. develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games and 2K labels. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead names through developing sequels; offering downloadable episodes, and content and virtual currency; and releasing titles for smartphones and tablets. The company also develops brands in other genres, including the L.A. Noire, Bully, and Manhunt franchises.
This last earnings report was actually a disappointment for Take-Two. However, the guide for the next quarter was so good that the stock has been in rally mode. Analysts took note, with five increasing their earnings estimates for the current quarter, and nine increasing their number for the current year. The bullish view has pushed up the Zacks Consensus Estimate for the current quarter from 82 cents or 99 cents while increasing the current year number from $2.19 to $2.89.
The bullish attitude has sent shares screaming higher. This Zacks Rank #1 (Strong Buy) has been consistently moving to the upside, finding support at the 50-day moving average on multiple occasions. The last of which came just before earnings, with the stock getting within a buck of support. Now the stock is breaking through to new 52-week highs, riding the high of earnings estimate revisions to the upside.
Zacks’ Best Private Investment IdeasWhile we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors.
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Any way you look at it, gaming is big business. It’s not just something that nerds do in their basements to stay out of the sunlight or Saturday nights because they can’t get dates. Gaming is turning into something huge with Twitch channels following gamers live, E-Sports events selling out arenas, and companies cranking out winning franchises earnings them billions of dollars. Today’s Bull of the Day is one of those gaming behemoths, Take-Two Interactive (TTWO - Free Report) .
Take-Two Interactive Software, Inc. develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games and 2K labels. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead names through developing sequels; offering downloadable episodes, and content and virtual currency; and releasing titles for smartphones and tablets. The company also develops brands in other genres, including the L.A. Noire, Bully, and Manhunt franchises.
This last earnings report was actually a disappointment for Take-Two. However, the guide for the next quarter was so good that the stock has been in rally mode. Analysts took note, with five increasing their earnings estimates for the current quarter, and nine increasing their number for the current year. The bullish view has pushed up the Zacks Consensus Estimate for the current quarter from 82 cents or 99 cents while increasing the current year number from $2.19 to $2.89.
The bullish attitude has sent shares screaming higher. This Zacks Rank #1 (Strong Buy) has been consistently moving to the upside, finding support at the 50-day moving average on multiple occasions. The last of which came just before earnings, with the stock getting within a buck of support. Now the stock is breaking through to new 52-week highs, riding the high of earnings estimate revisions to the upside.
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors.
Click here for Zacks' private trades >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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