Take-Two (TTWO) To Report Earnings Tomorrow: Here Is What To Expect

StockStory
05 Feb
Take-Two (TTWO) To Report Earnings Tomorrow: Here Is What To Expect

Video game publisher Take Two (NASDAQ:TTWO) will be reporting earnings tomorrow after market close. Here’s what investors should know.

Take-Two beat analysts’ revenue expectations by 1% last quarter, reporting revenues of $1.35 billion, down 6.4% year on year. It was a slower quarter for the company, with full-year EBITDA guidance missing analysts’ expectations.

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 grow 3.8% year on year to $1.39 billion, a reversal from the 3.3% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.56 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Take-Two has missed Wall Street’s revenue estimates four times over the last two years.

Looking at Take-Two’s peers in the consumer internet segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Electronic Arts’s revenues decreased 20.4% year on year, missing analysts’ expectations by 4.6%, and Alphabet reported revenues up 11.8%, in line with consensus estimates.

Read our full analysis of Electronic Arts’s results here and Alphabet’s results here.

There has been positive sentiment among investors in the consumer internet segment, with share prices up 5.1% on average over the last month. Take-Two is up 1.8% during the same time and is heading into earnings with an average analyst price target of $202.11 (compared to the current share price of $184.51).

Unless you’ve been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10