|Bid||119.50 x 900|
|Ask||122.50 x 1400|
|Day's range||120.38 - 123.19|
|52-week range||70.39 - 129.25|
|PE ratio (TTM)||79.01|
|Earnings date||31 Jul 2018 - 6 Aug 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||130.45|
Take-Two Interactive (TTWO) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Shares of Activision Blizzard Inc. and Take-Two Interactive Software Inc. are up 2% and 2.4%, respectively, after Morgan Stanley analyst Brian Nowak penned an upbeat note with his thoughts on the E3 convention. On Activision, Nowak highlighted management's "bullish" comments on new mobile games based on Blizzard titles as well as improvements in the company's King advertising business. "We believe OWL has over-delivered on its minimum audiences with Twitch and will generate $120mn in its 2-year contract," Nowak wrote.
The release schedule looks crowded for major video games this fall, but that shouldn't be a problem for "Red Dead Redemption 2" from Take-Two Interactive Software, its CEO says.
The NBA 2K League is trying to stand out from the crowd with its professional esports league built around Take-Two Interactive Software's popular basketball simulation game.
Esports and battle royale video games are expected to be among the hot topics at the upcoming E3 interactive entertainment conference in Los Angeles. The three-day show officially kicks off on Tuesday.
Heading into the company's last earnings release in mid-May, Take-Two Interactive Software stock was seeing high expectations in the form of bullish options trading. A number of traders were speculating on a post-earnings move above $120 for the shares, but TTWO peaked at just $118.
MasTec, Take Two Interactive Software and Tesla highlighted as Zacks Bull and Bear of the Day
2K today announced that NBA 2K will feature three-time NBA Champion, four-time NBA MVP and avid NBA 2K gamer LeBron James on the cover of the NBA 2K19 20th Anniversary Edition. The iconic cover features Akron’s favorite son alongside an artistic composition of words personally chosen by LeBron.
The biggest video game companies in the world were caught off guard by the smashing success of this last-player-standing mode.
Video games are starting to drive returns in the hundreds of billions of dollars and investors are starting to look outside the U.S. to get a piece of the action.
While its next blockbuster has been delayed repeatedly, the video game maker is raking in bonus profits from in-game purchases.
Activision Blizzard (ATVI) stock has returned 25% in the last 12 months, 7.9% in the last month, and 1.8% in the last five days. ATVI stock fell 6% in 2016 and rose 76% in 2017. Since the start of 2018, ATVI stock has risen ~13%.
Activision Blizzard has attributed this revenue growth to a successful shift toward a games-as-a-service model. In the second quarter, Activision Blizzard expects revenue of $1.55 billion with a gross margin of 78% and an operating margin of 31%. It has estimated non-GAAP earnings per share of $0.46. Activision Blizzard has forecasted revenue of $7.36 billion in fiscal 2018 with a gross margin of 78% and an operating margin of 34%.
Activision Blizzard’s (ATVI) digital revenue accounted for 74% of its total revenue in the first quarter. Electronic Arts (EA) and Take-Two Interactive (TTWO) have managed to increase their digital revenue, driven by the industry-wide transformation toward digital gaming. Digital revenue accounted for 74% of total revenue in fiscal 2016, and this figure rose to 79% in fiscal 2017.
In March, the stock prices of gaming companies Activision Blizzard (ATVI), Take-Two Interactive (TTWO), and Electronic Arts (EA) fell, driven by concerns over the tremendous success of Epic Games’ Fortnite. Epic Games is backed by China’s (FXI) Tencent Holdings, which is the global leader in the gaming space. Fortnite was released in late 2017 and, by March 2018, it became the most popular battle royale game.
Jim Cramer sits down with Take-Two Interactive Software Chairman and CEO Strauss Zelnick for an update on the video game space.
Each of them had some underlying issues of concern in their recent earnings reports.
Despite a mixed quarter, analysts remain optimistic about Take-Two Interactive Software Inc.’s prospects. Shares of the videogame publisher are up almost 1% in late trading Thursday, though the company reported a revenue miss and delivered an outlook that fell short of what analysts had been expecting the prior afternoon. Analysts, however, saw plenty of bright spots in the company’s commentary.
Jun.13 -- Year-old free global hit Fortnite is the talk of E3 -- the video-game industry's biggest show of the year. The multiplayer shooting title released last year by closely held Epic Games has become a cultural phenomenon. And while Epic Games may be reaping most of the benefits, one CEO is saying this game is actually benefiting the entire industry. Take-Two CEO Strauss Zelnick says as first-time gamers take to Fortnite, they will start looking for other titles. He speaks with Bloomberg's Emily Chang.