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Take-Two Earnings: What To Look For From TTWO

TTWO Cover Image
Take-Two Earnings: What To Look For From TTWO

Video game publisher Take Two (NASDAQ:TTWO) will be reporting earnings tomorrow afternoon. Here's what to look for.

Take-Two beat analysts' revenue expectations by 3.9% last quarter, reporting revenues of $1.37 billion, down 2.9% year on year. It was a weaker quarter for the company, with slow revenue growth and underwhelming revenue guidance for the next quarter.

Is Take-Two a buy or sell going into earnings? Read our full analysis here, it's free.

This quarter, analysts are expecting Take-Two's revenue to decline 6.4% year on year to $1.35 billion, a reversal from the 55.5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.08 per share.

Take-Two Total Revenue
Take-Two Total Revenue

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings.

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Looking at Take-Two's peers in the video gaming segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Roblox delivered year-on-year revenue growth of 22.3%, meeting analysts' expectations, and Electronic Arts reported a revenue decline of 5.1%, in line with consensus estimates. Roblox traded down 29.3% following the results while Electronic Arts was also down 3.8%.

Read our full analysis of Roblox's results here and Electronic Arts's results here.

There has been positive sentiment among investors in the video gaming segment, with share prices up 5.2% on average over the last month. Take-Two's stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $177.8 (compared to the current share price of $146.19).

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