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Take-Two Interactive (TTWO) Stock Drops Despite Market Gains: Important Facts to Note
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Take-Two Interactive (TTWO - Free Report) closed the most recent trading day at $196.69, moving -1.59% from the previous trading session. The stock's change was less than the S&P 500's daily gain of 0.44%. At the same time, the Dow added 0.36%, and the tech-heavy Nasdaq gained 0.54%.
Coming into today, shares of the publisher of "Grand Theft Auto" and other video games had lost 5.5% in the past month. In that same time, the Consumer Discretionary sector lost 4.69%, while the S&P 500 lost 3.31%.
Market participants will be closely following the financial results of Take-Two Interactive in its upcoming release. The company's earnings per share (EPS) are projected to be $0.58, reflecting a 46.79% decrease from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $1.55 billion, indicating a 1.94% decrease compared to the same quarter of the previous 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.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Take-Two Interactive. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
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 0.17% higher within the past month. At present, Take-Two Interactive boasts a Zacks Rank of #3 (Hold).
From a valuation perspective, Take-Two Interactive is currently exchanging hands at a Forward P/E ratio of 24.39. For comparison, its industry has an average Forward P/E of 16.26, which means Take-Two Interactive is trading at a premium to the group.
We can also see that TTWO currently has a PEG ratio of 2.44. 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. The Gaming was holding an average PEG ratio of 1.48 at yesterday's closing price.
The Gaming industry is part of the Consumer Discretionary sector. Currently, this industry holds a Zacks Industry Rank of 155, positioning it in the bottom 37% 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.
To follow TTWO in the coming trading sessions, be sure to utilize Zacks.com.
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Take-Two Interactive (TTWO) Stock Drops Despite Market Gains: Important Facts to Note
Take-Two Interactive (TTWO - Free Report) closed the most recent trading day at $196.69, moving -1.59% from the previous trading session. The stock's change was less than the S&P 500's daily gain of 0.44%. At the same time, the Dow added 0.36%, and the tech-heavy Nasdaq gained 0.54%.
Coming into today, shares of the publisher of "Grand Theft Auto" and other video games had lost 5.5% in the past month. In that same time, the Consumer Discretionary sector lost 4.69%, while the S&P 500 lost 3.31%.
Market participants will be closely following the financial results of Take-Two Interactive in its upcoming release. The company's earnings per share (EPS) are projected to be $0.58, reflecting a 46.79% decrease from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $1.55 billion, indicating a 1.94% decrease compared to the same quarter of the previous 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.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Take-Two Interactive. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
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 0.17% higher within the past month. At present, Take-Two Interactive boasts a Zacks Rank of #3 (Hold).
From a valuation perspective, Take-Two Interactive is currently exchanging hands at a Forward P/E ratio of 24.39. For comparison, its industry has an average Forward P/E of 16.26, which means Take-Two Interactive is trading at a premium to the group.
We can also see that TTWO currently has a PEG ratio of 2.44. 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. The Gaming was holding an average PEG ratio of 1.48 at yesterday's closing price.
The Gaming industry is part of the Consumer Discretionary sector. Currently, this industry holds a Zacks Industry Rank of 155, positioning it in the bottom 37% 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.
To follow TTWO in the coming trading sessions, be sure to utilize Zacks.com.