Activision Blizzard, Inc closed the most recent trading day at $90.14, moving -1.49% from the previous trading session. This change lagged the S&P 500's 0.24% gain on the day.
Prior to today's trading, shares of the company had lost 0.82% over the past month. This has was narrower than the Consumer Discretionary sector's loss of 1.91% and lagged the S&P 500's gain of 4.09% 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. In that report, analysts expect ATVI to post earnings of $0.76 per share. This would mark a year-over-year decline of 21.65%. Meanwhile, our latest consensus estimate is calling for revenue of $1.89 billion, down 9.08% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $3.77 per share and revenue of $8.79 billion, which would represent changes of +8.65% and +4.37%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for ATVI. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.38% lower within the past month. ATVI is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note ATVI's current valuation metrics, including its Forward P/E ratio of 24.28. Its industry sports an average Forward P/E of 21.82, so we one might conclude that ATVI is trading at a premium comparatively.
Also, we should mention that ATVI has a PEG ratio of 1.57. 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 1.57 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 38, putting it in the top 15% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Activision Blizzard, Inc (ATVI) Stock Sinks As Market Gains: What You Should Know
Activision Blizzard, Inc closed the most recent trading day at $90.14, moving -1.49% from the previous trading session. This change lagged the S&P 500's 0.24% gain on the day.
Prior to today's trading, shares of the company had lost 0.82% over the past month. This has was narrower than the Consumer Discretionary sector's loss of 1.91% and lagged the S&P 500's gain of 4.09% 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. In that report, analysts expect ATVI to post earnings of $0.76 per share. This would mark a year-over-year decline of 21.65%. Meanwhile, our latest consensus estimate is calling for revenue of $1.89 billion, down 9.08% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $3.77 per share and revenue of $8.79 billion, which would represent changes of +8.65% and +4.37%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for ATVI. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.38% lower within the past month. ATVI is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note ATVI's current valuation metrics, including its Forward P/E ratio of 24.28. Its industry sports an average Forward P/E of 21.82, so we one might conclude that ATVI is trading at a premium comparatively.
Also, we should mention that ATVI has a PEG ratio of 1.57. 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 1.57 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 38, putting it in the top 15% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.