JUMP REPORT
TAKE TWO INTERACTIVE (TTWO)
EARNINGS RELEASE - AUGUST 3 (AMC)
EARNINGS EXPECTATIONS:
THIS QTR: EPS: 1.60/share REV: 843.6/M
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LAST QTR: EPS: .89/share ACTUAL: 1.50/share (BEAT)
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NEXT QTR: EPS: 1.10/share REV: 747.9/M
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FULL YR: EPS: 3.91/Share REV: 2,750/M
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BEAT/MISS RECORD: 83% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) -6.61, -11.8, 4.84
EXPECTED JUMP MOVE THIS QUARTER: 10%
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*** With market volatility at extremes there is greater risk in trading these events which may not react as they would under normal market conditions. Please take extra caution before trading
Links To Latest News and Headlines
Take-Two’s (TTWO) fiscal third-quarter results are expected to be negatively impacted by rising operating expenses despite growing digital revenues.
Shares of Take-Two Interactive (NASDAQ: TTWO) were down 2.9% as of 10:55 a.m. ET on Wednesday. Investors have concerns about the near-term trends in gaming following a disappointing earnings report from Electronic Arts on Tuesday. Electronic Arts missed earnings and revenue estimates for the recent quarter, in which management blamed lower engagement for some of its games that is not consistent with historical trends this time of year.
Take-Two (TTWO) doesn’t possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
After enjoying surging valuations thanks to pandemic-driven tailwinds and the broader run-up for growth stocks, video game stocks have cooled off a lot. Positive engagement tailwinds receded as many parts of the world moved closer toward business as usual, and the rising interest rate environment has applied pressure to the stock market at large. Currently trading down 48% from its peak, Take-Two Interactive (NASDAQ: TTWO) stock in particular looks like a smart buy right now.
The 2022 market correction was a wake-up call for investors that stocks can fall quite sharply. To increase the odds of finding long-term winners, I like to focus on industry-leading companies that have major tailwinds behind them, such as trends where people are spending more time or certain technologies that companies are rapidly adopting. The video game industry offers investors attractive long-term returns, with Take-Two Interactive (NASDAQ: TTWO) being one of the standout performers in recent years.
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Avg Daily Volume: 2,097,251 Market Cap: 17.18B
Sector: Technology Short Interest: 4.52
Ticker delayed 20 minutes
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by Team Stockjumpers