Activision Blizzard Earnings Preview: Can This Streak Continue?
Activision Blizzard (NASDAQ:ATVI) will report earnings after markets close on Wednesday, May 8th. Activision Blizzard, Inc. publishes, develops, and distributes interactive entertainment software and peripheral products. The Company’s products cover diverse game categories, including action/adventure, action sports, racing, role playing, simulation, first-person action, music-based gaming and strategy.
Here is your Cheat Sheet to Activision Blizzard Earnings:
Earnings Expectations: Analysts expect earnings of $0.11 per share on revenues of $704.20 million. Currently, the company’s P/E ratio stands at 14.59.
Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.11 to a profit $0.05. For the current year, the average estimate is a profit of $0.85, which is worse than the estimate ninety days ago.
Here’s how Activision Blizzard has been performing on an annual basis:
|Revenue ($) in millions||2,898||4,279||4,447||4,755||4,856|
|Diluted EPS ($)||0.55||0.09||0.33||0.92||1.01|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Dec. 31, 2011||Mar. 31, 2012||Jun. 30, 2012||Sep. 30, 2012||Dec. 31, 2012|
|Revenue ($) in millions||1,407||1,172||1,075||841.00||1,768|
|Diluted EPS ($)||0.0865||0.33||0.16||0.20||0.3166|
Activision Blizzard has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)