We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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.
Take-Two Interactive (TTWO) Ascends While Market Falls: Some Facts to Note
Read MoreHide Full Article
In the latest trading session, Take-Two Interactive (TTWO - Free Report) closed at $207.50, marking a +2.33% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.25%. Elsewhere, the Dow lost 0.86%, while the tech-heavy Nasdaq added 0.24%.
Heading into today, shares of the publisher of "Grand Theft Auto" and other video games had lost 6.42% over the past month, outpacing the Consumer Discretionary sector's loss of 8.16% and lagging the S&P 500's loss of 0.42%.
Investors will be eagerly watching for the performance of Take-Two Interactive in its upcoming earnings disclosure. In that report, analysts expect Take-Two Interactive to post earnings of $0.83 per share. This would mark a year-over-year decline of 43.15%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.66 billion, down 15.42% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $7.04 per share and revenue of $8.53 billion, which would represent changes of +71.71% and +26.97%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications 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 suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 4.62% lower. As of now, Take-Two Interactive holds a Zacks Rank of #3 (Hold).
From a valuation perspective, Take-Two Interactive is currently exchanging hands at a Forward P/E ratio of 28.8. This represents a premium compared to its industry average Forward P/E of 15.22.
Meanwhile, TTWO's PEG ratio is currently 1.05. 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. By the end of yesterday's trading, the Gaming industry had an average PEG ratio of 1.05.
The Gaming industry is part of the Consumer Discretionary sector. This industry, currently bearing a Zacks Industry Rank of 172, finds itself in the bottom 31% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
View the Zacks #1 Rank List
Image: Bigstock
Take-Two Interactive (TTWO) Ascends While Market Falls: Some Facts to Note
In the latest trading session, Take-Two Interactive (TTWO - Free Report) closed at $207.50, marking a +2.33% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.25%. Elsewhere, the Dow lost 0.86%, while the tech-heavy Nasdaq added 0.24%.
Heading into today, shares of the publisher of "Grand Theft Auto" and other video games had lost 6.42% over the past month, outpacing the Consumer Discretionary sector's loss of 8.16% and lagging the S&P 500's loss of 0.42%.
Investors will be eagerly watching for the performance of Take-Two Interactive in its upcoming earnings disclosure. In that report, analysts expect Take-Two Interactive to post earnings of $0.83 per share. This would mark a year-over-year decline of 43.15%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.66 billion, down 15.42% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $7.04 per share and revenue of $8.53 billion, which would represent changes of +71.71% and +26.97%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications 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 suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 4.62% lower. As of now, Take-Two Interactive holds a Zacks Rank of #3 (Hold).
From a valuation perspective, Take-Two Interactive is currently exchanging hands at a Forward P/E ratio of 28.8. This represents a premium compared to its industry average Forward P/E of 15.22.
Meanwhile, TTWO's PEG ratio is currently 1.05. 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. By the end of yesterday's trading, the Gaming industry had an average PEG ratio of 1.05.
The Gaming industry is part of the Consumer Discretionary sector. This industry, currently bearing a Zacks Industry Rank of 172, finds itself in the bottom 31% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.