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Seeking Clues to Take-Two (TTWO) Q2 Earnings? A Peek Into Wall Street Projections for Key Metrics
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Wall Street analysts forecast that Take-Two Interactive (TTWO - Free Report) will report quarterly earnings of $0.90 per share in its upcoming release, pointing to a year-over-year decline of 38.4%. It is anticipated that revenues will amount to $1.66 billion, exhibiting a decrease of 15.4% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
With that in mind, let's delve into the average projections of some Take-Two metrics that are commonly tracked and projected by analysts on Wall Street.
Based on the collective assessment of analysts, 'Total net bookings' should arrive at $1.66 billion. Compared to the current estimate, the company reported $1.96 billion in the same quarter of the previous year.
The combined assessment of analysts suggests that 'Net bookings by platform - Mobile' will likely reach $727.98 million. The estimate compares to the year-ago value of $818.10 million.
Analysts forecast 'Net bookings by distribution channel - Physical retail and other' to reach $67.12 million. The estimate compares to the year-ago value of $89.30 million.
The consensus estimate for 'Net bookings by distribution channel - Digital online' stands at $1.72 billion. The estimate compares to the year-ago value of $1.87 billion.
Shares of Take-Two have demonstrated returns of -3.7% over the past month compared to the Zacks S&P 500 composite's -2% change. With a Zacks Rank #3 (Hold), TTWO is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Seeking Clues to Take-Two (TTWO) Q2 Earnings? A Peek Into Wall Street Projections for Key Metrics
Wall Street analysts forecast that Take-Two Interactive (TTWO - Free Report) will report quarterly earnings of $0.90 per share in its upcoming release, pointing to a year-over-year decline of 38.4%. It is anticipated that revenues will amount to $1.66 billion, exhibiting a decrease of 15.4% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
With that in mind, let's delve into the average projections of some Take-Two metrics that are commonly tracked and projected by analysts on Wall Street.
Based on the collective assessment of analysts, 'Total net bookings' should arrive at $1.66 billion. Compared to the current estimate, the company reported $1.96 billion in the same quarter of the previous year.
The combined assessment of analysts suggests that 'Net bookings by platform - Mobile' will likely reach $727.98 million. The estimate compares to the year-ago value of $818.10 million.
Analysts forecast 'Net bookings by distribution channel - Physical retail and other' to reach $67.12 million. The estimate compares to the year-ago value of $89.30 million.
The consensus estimate for 'Net bookings by distribution channel - Digital online' stands at $1.72 billion. The estimate compares to the year-ago value of $1.87 billion.
View all Key Company Metrics for Take-Two here>>>Shares of Take-Two have demonstrated returns of -3.7% over the past month compared to the Zacks S&P 500 composite's -2% change. With a Zacks Rank #3 (Hold), TTWO is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .