Activision Blizzard, Inc closed at $94.24 in the latest trading session, marking a +1.31% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.18%.
Coming into today, shares of the company had gained 2.39% in the past month. In that same time, the Consumer Discretionary sector lost 4.47%, while the S&P 500 gained 6.99%.
Wall Street will be looking for positivity from ATVI as it approaches its next earnings report date. This is expected to be May 4, 2021. The company is expected to report EPS of $0.70, up 20.69% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $1.77 billion, up 16.52% from the prior-year quarter.
ATVI's full-year Zacks Consensus Estimates are calling for earnings of $3.67 per share and revenue of $8.53 billion. These results would represent year-over-year changes of +5.76% and +1.37%, respectively.
Investors should also note any recent changes to analyst estimates for ATVI. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. ATVI is currently a Zacks Rank #3 (Hold).
Digging into valuation, ATVI currently has a Forward P/E ratio of 25.37. For comparison, its industry has an average Forward P/E of 23.44, which means ATVI is trading at a premium to the group.
We can also see that ATVI currently has a PEG ratio of 1.4. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. ATVI's industry had an average PEG ratio of 1.8 as of yesterday's close.
The Toys - Games - Hobbies industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 177, putting it in the bottom 31% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.
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Activision Blizzard, Inc (ATVI) Outpaces Stock Market Gains: What You Should Know
Activision Blizzard, Inc closed at $94.24 in the latest trading session, marking a +1.31% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.18%.
Coming into today, shares of the company had gained 2.39% in the past month. In that same time, the Consumer Discretionary sector lost 4.47%, while the S&P 500 gained 6.99%.
Wall Street will be looking for positivity from ATVI as it approaches its next earnings report date. This is expected to be May 4, 2021. The company is expected to report EPS of $0.70, up 20.69% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $1.77 billion, up 16.52% from the prior-year quarter.
ATVI's full-year Zacks Consensus Estimates are calling for earnings of $3.67 per share and revenue of $8.53 billion. These results would represent year-over-year changes of +5.76% and +1.37%, respectively.
Investors should also note any recent changes to analyst estimates for ATVI. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. ATVI is currently a Zacks Rank #3 (Hold).
Digging into valuation, ATVI currently has a Forward P/E ratio of 25.37. For comparison, its industry has an average Forward P/E of 23.44, which means ATVI is trading at a premium to the group.
We can also see that ATVI currently has a PEG ratio of 1.4. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. ATVI's industry had an average PEG ratio of 1.8 as of yesterday's close.
The Toys - Games - Hobbies industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 177, putting it in the bottom 31% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.