Activision Blizzard, Inc closed at $90.68 in the latest trading session, marking a -1.78% move from the prior day. This change lagged the S&P 500's daily loss of 0.33%.
Heading into today, shares of the company had lost 1.85% over the past month, outpacing the Consumer Discretionary sector's loss of 2.09% and lagging the S&P 500's gain of 2.89% in that time.
Wall Street will be looking for positivity from ATVI as it approaches its next earnings report date. This is expected to be August 3, 2021. On that day, ATVI is projected to report earnings of $0.75 per share, which would represent a year-over-year decline of 22.68%. Meanwhile, our latest consensus estimate is calling for revenue of $1.88 billion, down 9.52% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.78 per share and revenue of $8.79 billion. These totals would mark changes of +8.93% and +4.47%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for ATVI. These revisions help to show the ever-changing nature of 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. 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. The Zacks Consensus EPS estimate remained stagnant within the past month. ATVI is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, ATVI currently has a Forward P/E ratio of 24.44. Its industry sports an average Forward P/E of 22.05, so we one might conclude that ATVI is trading at a premium comparatively.
Investors should also note that ATVI has a PEG ratio of 1.58 right now. 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. The Toys - Games - Hobbies industry currently had an average PEG ratio of 1.58 as of yesterday's close.
The Toys - Games - Hobbies industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 190, which puts it in the bottom 26% 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.
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Activision Blizzard, Inc (ATVI) Dips More Than Broader Markets: What You Should Know
Activision Blizzard, Inc closed at $90.68 in the latest trading session, marking a -1.78% move from the prior day. This change lagged the S&P 500's daily loss of 0.33%.
Heading into today, shares of the company had lost 1.85% over the past month, outpacing the Consumer Discretionary sector's loss of 2.09% and lagging the S&P 500's gain of 2.89% in that time.
Wall Street will be looking for positivity from ATVI as it approaches its next earnings report date. This is expected to be August 3, 2021. On that day, ATVI is projected to report earnings of $0.75 per share, which would represent a year-over-year decline of 22.68%. Meanwhile, our latest consensus estimate is calling for revenue of $1.88 billion, down 9.52% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.78 per share and revenue of $8.79 billion. These totals would mark changes of +8.93% and +4.47%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for ATVI. These revisions help to show the ever-changing nature of 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. 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. The Zacks Consensus EPS estimate remained stagnant within the past month. ATVI is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, ATVI currently has a Forward P/E ratio of 24.44. Its industry sports an average Forward P/E of 22.05, so we one might conclude that ATVI is trading at a premium comparatively.
Investors should also note that ATVI has a PEG ratio of 1.58 right now. 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. The Toys - Games - Hobbies industry currently had an average PEG ratio of 1.58 as of yesterday's close.
The Toys - Games - Hobbies industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 190, which puts it in the bottom 26% 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.