We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Multimedia Stocks Earnings Results on Aug 4: ATVI & TTWO
Read MoreHide Full Article
The Q2 earnings reporting season is past the halfway mark. As of Friday, Jul 29, 2016, 317 S&P 500 members (or 73.5% of the index’s total market cap) have already reported results. The numbers are bleak with total earnings down 3.3% from the same period last year on 0.9% lower revenues.
Growth remains elusive and Q2 is heading on to become the fifth consecutive quarter of earnings decline for the S&P 500 index. The energy sector remains the biggest drag on the growth picture. However, we are seeing fewer downward estimate revisions for the second quarter compared to the earlier ones. With the majority of earnings results already out, we expect this trend to continue for the remaining cycle.
The technology sector has performed better-than-expected with giants like Facebook and Alphabet (GOOGL - Free Report) beating expectations and registering strong growth on a year-over-year basis. We now have results from 84.6% of the sector’s total market cap in the index. Total earnings of these tech companies are down 0.9% from the same period last year in spite of 2.1% higher revenues.
Overall, total earnings are expected to be down 0.1% despite 2.7% higher revenues compared with the sector’s 4.5% earnings decline irrespective of 0.4% higher revenues in the last reported earnings cycle.
On Aug 4, two leading video game companies, Activision Blizzard Inc. and Take-Two Interactive Software Inc. (TTWO - Free Report) , are scheduled to report their results.
Based in Santa Monica, CA, Activision Blizzard Inc is a worldwide console and online game developer and publisher with leading positions across many categories of the interactive entertainment software industry. In 2015, it was included in the list of Fortune 500 companies.
Activision Blizzard carries a Zacks Rank #3 (Hold) and has an Earnings ESP of 0.00%.The Zacks Consensus Estimate for second quarter 2016 stands at 37 cents. Last quarter, the company posted a positive earnings surprise of 90.00%. Activision Blizzard has surpassed the Zacks Consensus Estimate in the four preceding quarters with an average positive earnings surprise of 61.51%. (Read: Activision Blizzard Q2 Earnings: What's in Store?).
Take-Two Interactive is a leading worldwide developer, publisher and distributor of interactive software games. The company's software operates on multimedia personal computers and video game console platforms. It operates under two labels namely Rockstar and 2K Games.
Take-Two Interactive carries a Zacks Rank #3 and has an Earnings ESP of 0.00%.The Zacks Consensus Estimate for first quarter fiscal 2017 stands at a loss of 49 cents. Last quarter, the company posted a positive earnings surprise of 215.38%. Take-Two Interactive has surpassed the Zacks Consensus Estimate in the four preceding quarters with an average positive earnings surprise of 202.87%. (Read: Take-Two Interactive Q1 Earnings: Will it Surprise?)
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Unique Zacks Analysis of Your Chosen Ticker
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
Multimedia Stocks Earnings Results on Aug 4: ATVI & TTWO
The Q2 earnings reporting season is past the halfway mark. As of Friday, Jul 29, 2016, 317 S&P 500 members (or 73.5% of the index’s total market cap) have already reported results. The numbers are bleak with total earnings down 3.3% from the same period last year on 0.9% lower revenues.
Growth remains elusive and Q2 is heading on to become the fifth consecutive quarter of earnings decline for the S&P 500 index. The energy sector remains the biggest drag on the growth picture. However, we are seeing fewer downward estimate revisions for the second quarter compared to the earlier ones. With the majority of earnings results already out, we expect this trend to continue for the remaining cycle.
The technology sector has performed better-than-expected with giants like Facebook and Alphabet (GOOGL - Free Report) beating expectations and registering strong growth on a year-over-year basis. We now have results from 84.6% of the sector’s total market cap in the index. Total earnings of these tech companies are down 0.9% from the same period last year in spite of 2.1% higher revenues.
Overall, total earnings are expected to be down 0.1% despite 2.7% higher revenues compared with the sector’s 4.5% earnings decline irrespective of 0.4% higher revenues in the last reported earnings cycle.
On Aug 4, two leading video game companies, Activision Blizzard Inc. and Take-Two Interactive Software Inc. (TTWO - Free Report) , are scheduled to report their results.
Based in Santa Monica, CA, Activision Blizzard Inc is a worldwide console and online game developer and publisher with leading positions across many categories of the interactive entertainment software industry. In 2015, it was included in the list of Fortune 500 companies.
Activision Blizzard carries a Zacks Rank #3 (Hold) and has an Earnings ESP of 0.00%.The Zacks Consensus Estimate for second quarter 2016 stands at 37 cents. Last quarter, the company posted a positive earnings surprise of 90.00%. Activision Blizzard has surpassed the Zacks Consensus Estimate in the four preceding quarters with an average positive earnings surprise of 61.51%. (Read: Activision Blizzard Q2 Earnings: What's in Store?).
ACTIVISION BLZD Price and EPS Surprise
ACTIVISION BLZD Price and EPS Surprise | ACTIVISION BLZD Quote
Take-Two Interactive is a leading worldwide developer, publisher and distributor of interactive software games. The company's software operates on multimedia personal computers and video game console platforms. It operates under two labels namely Rockstar and 2K Games.
Take-Two Interactive carries a Zacks Rank #3 and has an Earnings ESP of 0.00%.The Zacks Consensus Estimate for first quarter fiscal 2017 stands at a loss of 49 cents. Last quarter, the company posted a positive earnings surprise of 215.38%. Take-Two Interactive has surpassed the Zacks Consensus Estimate in the four preceding quarters with an average positive earnings surprise of 202.87%. (Read: Take-Two Interactive Q1 Earnings: Will it Surprise?)
TAKE-TWO INTER Price and EPS Surprise
TAKE-TWO INTER Price and EPS Surprise | TAKE-TWO INTER Quote
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>