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Here's Why Take-Two Interactive (TTWO) Gained But Lagged the Market Today
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Take-Two Interactive (TTWO - Free Report) closed at $197.50 in the latest trading session, marking a +2.29% move from the prior day. The stock fell short of the S&P 500, which registered a gain of 2.91% for the day. At the same time, the Dow added 2.49%, and the tech-heavy Nasdaq gained 3.83%.
Shares of the publisher of "Grand Theft Auto" and other video games witnessed a loss of 9.73% over the previous month, trailing the performance of the Consumer Discretionary sector with its loss of 9.16%, and the S&P 500's loss of 7.64%.
The investment community will be closely monitoring the performance of Take-Two Interactive in its forthcoming earnings report. The company is expected to report EPS of $0.58, down 46.79% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $1.55 billion, indicating a 1.94% downward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $3.91 per share and a revenue of $6.67 billion, signifying shifts of +90.73% and +18.16%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for Take-Two Interactive. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Take-Two Interactive is currently a Zacks Rank #3 (Hold).
In terms of valuation, Take-Two Interactive is currently trading at a Forward P/E ratio of 49.39. This expresses a premium compared to the average Forward P/E of 15.73 of its industry.
Also, we should mention that TTWO has a PEG ratio of 4.94. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As the market closed yesterday, the Gaming industry was having an average PEG ratio of 1.43.
The Gaming industry is part of the Consumer Discretionary sector. With its current Zacks Industry Rank of 162, this industry ranks in the bottom 34% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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 use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Here's Why Take-Two Interactive (TTWO) Gained But Lagged the Market Today
Take-Two Interactive (TTWO - Free Report) closed at $197.50 in the latest trading session, marking a +2.29% move from the prior day. The stock fell short of the S&P 500, which registered a gain of 2.91% for the day. At the same time, the Dow added 2.49%, and the tech-heavy Nasdaq gained 3.83%.
Shares of the publisher of "Grand Theft Auto" and other video games witnessed a loss of 9.73% over the previous month, trailing the performance of the Consumer Discretionary sector with its loss of 9.16%, and the S&P 500's loss of 7.64%.
The investment community will be closely monitoring the performance of Take-Two Interactive in its forthcoming earnings report. The company is expected to report EPS of $0.58, down 46.79% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $1.55 billion, indicating a 1.94% downward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $3.91 per share and a revenue of $6.67 billion, signifying shifts of +90.73% and +18.16%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for Take-Two Interactive. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Take-Two Interactive is currently a Zacks Rank #3 (Hold).
In terms of valuation, Take-Two Interactive is currently trading at a Forward P/E ratio of 49.39. This expresses a premium compared to the average Forward P/E of 15.73 of its industry.
Also, we should mention that TTWO has a PEG ratio of 4.94. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As the market closed yesterday, the Gaming industry was having an average PEG ratio of 1.43.
The Gaming industry is part of the Consumer Discretionary sector. With its current Zacks Industry Rank of 162, this industry ranks in the bottom 34% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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 use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.