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Take-Two Interactive (TTWO) Outpaces Stock Market Gains: What You Should Know
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In the latest trading session, Take-Two Interactive (TTWO - Free Report) closed at $209.92, marking a +2.18% move from the previous day. The stock's performance was ahead of the S&P 500's daily gain of 1.49%. Meanwhile, the Dow gained 0.71%, and the Nasdaq, a tech-heavy index, added 2.26%.
The publisher of "Grand Theft Auto" and other video games's shares have seen a decrease of 14.26% over the last month, not keeping up with the Consumer Discretionary sector's loss of 7% and the S&P 500's gain of 0.1%.
Analysts and investors alike will be keeping a close eye on the performance of Take-Two Interactive in its upcoming earnings disclosure. The company is predicted to post an EPS of $0.83, indicating a 43.15% decline compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $1.66 billion, reflecting a 15.42% fall from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $7.04 per share and revenue of $8.53 billion. These totals would mark changes of +71.71% and +26.97%, respectively, from last year.
Investors should also take note of any recent adjustments to analyst estimates for Take-Two Interactive. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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 past month, the Zacks Consensus EPS estimate has shifted 4.62% downward. Take-Two Interactive presently features a Zacks Rank of #3 (Hold).
From a valuation perspective, Take-Two Interactive is currently exchanging hands at a Forward P/E ratio of 29.18. This represents a premium compared to its industry average Forward P/E of 16.05.
Meanwhile, TTWO's PEG ratio is currently 1.07. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As the market closed yesterday, the Gaming industry was having an average PEG ratio of 1.07.
The Gaming industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 180, which puts it in the bottom 27% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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 use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
View the Zacks #1 Rank List
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Take-Two Interactive (TTWO) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, Take-Two Interactive (TTWO - Free Report) closed at $209.92, marking a +2.18% move from the previous day. The stock's performance was ahead of the S&P 500's daily gain of 1.49%. Meanwhile, the Dow gained 0.71%, and the Nasdaq, a tech-heavy index, added 2.26%.
The publisher of "Grand Theft Auto" and other video games's shares have seen a decrease of 14.26% over the last month, not keeping up with the Consumer Discretionary sector's loss of 7% and the S&P 500's gain of 0.1%.
Analysts and investors alike will be keeping a close eye on the performance of Take-Two Interactive in its upcoming earnings disclosure. The company is predicted to post an EPS of $0.83, indicating a 43.15% decline compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $1.66 billion, reflecting a 15.42% fall from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $7.04 per share and revenue of $8.53 billion. These totals would mark changes of +71.71% and +26.97%, respectively, from last year.
Investors should also take note of any recent adjustments to analyst estimates for Take-Two Interactive. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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 past month, the Zacks Consensus EPS estimate has shifted 4.62% downward. Take-Two Interactive presently features a Zacks Rank of #3 (Hold).
From a valuation perspective, Take-Two Interactive is currently exchanging hands at a Forward P/E ratio of 29.18. This represents a premium compared to its industry average Forward P/E of 16.05.
Meanwhile, TTWO's PEG ratio is currently 1.07. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As the market closed yesterday, the Gaming industry was having an average PEG ratio of 1.07.
The Gaming industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 180, which puts it in the bottom 27% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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 use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.