Activision Blizzard (ATVI - Free Report) is set to report third-quarter 2019 results on Nov 7.
For the quarter, the company expects non-GAAP revenues of $1.11 billion and earnings of 20 cents per share.
The Zacks Consensus Estimate for third-quarter earnings has remained steady at 25 cents per share over the past seven days.
Notably, the consensus mark for revenues is pegged at $1.17 billion, indicating a decline of 29.2% from the year-ago quarter’s reported figure.
In the second quarter, Activision reported non-GAAP earnings of 53 cents per share that declined 59.5% year over year. The figure was better than the company’s guidance of 35 cents for the quarter.
Consolidated revenues declined 14.9% year over year to $1.40 billion, which was better than the company’s guidance of $1.32 billion.
Notably, the company’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, the average positive surprise being 18.03%.
Let’s see how things have shaped up prior to this announcement
Activision Blizzard, Inc Price and EPS Surprise