Advertisement
Canada markets close in 5 hours 1 minute

  • S&P/TSX

    21,930.48
    +45.10 (+0.21%)
     

  • S&P 500

    5,103.05
    +54.63 (+1.08%)
     

  • DOW

    38,198.40
    +112.60 (+0.30%)
     

  • CAD/USD

    0.7308
    -0.0015 (-0.21%)
     

  • CRUDE OIL

    83.44
    -0.13 (-0.16%)
     

  • Bitcoin CAD

    87,347.18
    +821.85 (+0.95%)
     

  • CMC Crypto 200

    1,332.60
    -63.93 (-4.58%)
     

  • GOLD FUTURES

    2,346.30
    +3.80 (+0.16%)
     

  • RUSSELL 2000

    1,998.65
    +17.53 (+0.88%)
     

  • 10-Yr Bond

    4.6630
    -0.0430 (-0.91%)
     

  • NASDAQ

    15,937.84
    +326.08 (+2.09%)
     

  • VOLATILITY

    15.33
    -0.04 (-0.26%)
     

  • FTSE

    8,137.46
    +58.60 (+0.73%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • CAD/EUR

    0.6840
    +0.0019 (+0.28%)
     
MARKETS LIVE BLOG:

STOCKS RISE, LED BY STELLAR ALPHABET, MICROSOFT EARNINGS

Results from 'Magnificent Seven' duo show cloud revenue boosted by strong AI demand

Take-Two (TTWO) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

Zacks Equity Research
·2 min read

For the quarter ended March 2023, Take-Two Interactive (TTWO) reported revenue of $1.39 billion, up 64.8% over the same period last year. EPS came in at $0.85, compared to $1.16 in the year-ago quarter.

The reported revenue represents a surprise of +4.00% over the Zacks Consensus Estimate of $1.34 billion. With the consensus EPS estimate being $0.68, the EPS surprise was +25.00%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

ADVERTISEMENT

Here is how Take-Two performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Total net bookings: $1.39 billion versus the 15-analyst average estimate of $1.32 billion.

  • Net bookings by distribution channel - Digital online: $1.35 billion versus $1.28 billion estimated by seven analysts on average.

  • Net bookings by distribution channel - Physical retail and other: $45.10 million versus $66.80 million estimated by seven analysts on average.

  • Net bookings by platform mix - Mobile: $706.20 million versus $667.36 million estimated by six analysts on average.

  • Net Revenues by Distribution Channel- Physical retail and other: $54.20 million compared to the $82.37 million average estimate based on three analysts. The reported number represents a change of -43.9% year over year.

  • Net Revenues by Distribution Channel- Digital online: $1.39 billion versus $1.22 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +67% change.

View all Key Company Metrics for Take-Two here>>>

Shares of Take-Two have returned -0.2% over the past month versus the Zacks S&P 500 composite's -0.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Take-Two Interactive Software, Inc. (TTWO) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research