Activision Blizzard is set to report third-quarter 2019 results on Nov 7.
For the quarter, the company expects non-GAAP revenues of $1.11 billion and earnings of 20 cents per share.
The Zacks Consensus Estimate for third-quarter earnings has remained steady at 25 cents per share over the past seven days.
Notably, the consensus mark for revenues is pegged at $1.17 billion, indicating a decline of 29.2% from the year-ago quarter’s reported figure.
In the second quarter, Activision reported non-GAAP earnings of 53 cents per share that declined 59.5% year over year. The figure was better than the company’s guidance of 35 cents for the quarter.
Consolidated revenues declined 14.9% year over year to $1.40 billion, which was better than the company’s guidance of $1.32 billion.
Notably, the company’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, the average positive surprise being 18.03%.
Let’s see how things have shaped up prior to this announcement
Activision Blizzard, Inc Price and EPS Surprise
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 >>
Activision Blizzard is set to report third-quarter 2019 results on Nov 7.
For the quarter, the company expects non-GAAP revenues of $1.11 billion and earnings of 20 cents per share.
The Zacks Consensus Estimate for third-quarter earnings has remained steady at 25 cents per share over the past seven days.
Notably, the consensus mark for revenues is pegged at $1.17 billion, indicating a decline of 29.2% from the year-ago quarter’s reported figure.
In the second quarter, Activision reported non-GAAP earnings of 53 cents per share that declined 59.5% year over year. The figure was better than the company’s guidance of 35 cents for the quarter.
Consolidated revenues declined 14.9% year over year to $1.40 billion, which was better than the company’s guidance of $1.32 billion.
Notably, the company’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, the average positive surprise being 18.03%.
Let’s see how things have shaped up prior to this announcement
Activision Blizzard, Inc Price and EPS Surprise
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 >>
Get the latest research report on LBRDK - FREE
Get the latest research report on IHRT - FREE