Activision Blizzard Inc. Fourth Quarter Earnings Sneak Peek

Activision Blizzard, Inc. (NASDAQ:ATVI) will unveil its latest earnings on Thursday, February 9, 2012. Activision Blizzard is an online, personal computer, console, and handheld game publisher.

Activision Blizzard, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 55 cents per share, a rise of 7.8% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 53 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 55 cents during the last month. For the year, analysts are projecting profit of 80 cents per share, a rise of 11.1% from last year.

Past Earnings Performance: Last quarter, the company beat estimates by 5 cents, coming in at net income of 6 cents a share versus the estimate of profit of one cent a share. It marked the fourth straight quarter of beating estimates.

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Wall St. Revenue Expectations: On average, analysts predict $2.2 billion in revenue this quarter, a decline of 13.7% from the year ago quarter. Analysts are forecasting total revenue of $4.28 billion for the year, a decline of 10.8% from last year’s revenue of $4.8 billion.

Analyst Ratings: Analysts are bullish on this stock with 15 analysts rating it as a buy, none rating it as a sell and four rating it as a hold.

A Look Back: In the third quarter, profit rose more than twofold to $148 million (13 cents a share) from $51 million (4 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 1.2% to $754 million from $745 million.

Key Stats:

Revenue has gone up for three straight quarters. It rose 18.5% in the second quarter from the year earlier and 10.8% in the first quarter.

Stock Price Performance: During November 7, 2011 to February 3, 2012, the stock price had fallen $1.46 (-10.6%) from $13.74 to $12.28. The stock price saw one of its best stretches over the last year between November 1, 2011 and November 8, 2011 when shares rose for six-straight days, rising 5.1% (+68 cents) over that span. It saw one of its worst periods between June 2, 2011 and June 9, 2011 when shares fell for six-straight days, falling 5.2% (-62 cents) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com