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What Analysts Are Projecting for TTWO’s Q4 Earnings

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Take-Two Interactive Software

Take-Two Interactive Software (TTWO) is scheduled to release its fiscal 2019 fourth-quarter earnings results on May 13 after the market closes. In this article, we’ll look at the company’s earnings estimates and see how analysts rate the stock ahead of its earnings release.

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Earnings estimates

Analysts polled by Thomson Reuters expect TTWO to post revenue of $506 million in the quarter. The company posted revenue of $1.57 billion in the previous quarter and $411 million in the fourth quarter of fiscal 2018. TTWO missed revenue estimates in the previous quarter. Electronic Arts (EA) and Activision Blizzard (ATVI) also missed their revenue estimates in the March quarter. TTWO is expected to post EPS of $0.75 in the quarter compared to $0.87 in the corresponding quarter of 2018. It’s trading flat for the year amid weakness in the gaming industry. Electronic Arts has outperformed its peers this year after the success of its free-to-play game Apex Legends.

Analysts’ ratings

Take-Two Interactive Software has received “strong buy” ratings from ten analysts, while 13 analysts have given it “buy” ratings. Two analysts have “hold” ratings on TTWO, while one analyst has given it a “sell” or equivalent rating. TTWO’s mean consensus target price of $122.44 represents a potential upside of 18.4% over its May 10 closing price.

Earlier this month, Cowen raised Take-Two Interactive Software to an “outperform” and gave its stock a $113 target price.

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