Activision Blizzard, Inc. (NASDAQ:ATVI) will unveil its latest earnings on Wednesday, August 3, 2011. Activision Blizzard, Inc. (Activision Blizzard) is an online, personal computer (NYSE:PC), console and handheld game publisher. It has three segments:Activision Publishing,Blizzard Entertainment, Inc. and its subsidiaries & Activision Blizzard Distribution. Electronic Arts Inc. Earnings Cheat Sheet: Beats Expectations>>
Activision Blizzard, Inc. Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for profit of 4 cents per share, a decline of 20% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 7 cents. Between one and three months ago, the average estimate moved down, but it has been unchanged at 4 cents during the last month. For the year, analysts are projecting net income of 68 cents per share, a decline of 5.6% from last year.
Past Earnings Performance: The company is looking to make a streak of three quarters of beating estimates. Last quarter, it beat expectations by reporting profit of 14 cents per share, and the previous quarter, it had net income of 51 cents.
Wall St. Revenue Expectations: On average, analysts predict $597.9 million in revenue this quarter, a decline of 12.5% from the year ago quarter. Analysts are forecasting total revenue of $4.04 billion for the year, a decline of 15.8% from last year’s revenue of $4.8 billion.
Analyst Ratings: Analysts are bullish on this stock with 19 analysts rating it as a buy, none rating it as a sell and three rating it as a hold.
Revenue rose in the first quarter after seeing a drop the quarter before. Revenue rose 10.8% to $1.45 billion in the first quarter from the year earlier. In the fourth quarter of the last fiscal year, revenue fell 8.3%.
Competitors to Watch: Electronic Arts Inc. (NASDAQ:ERTS), Microsoft Corporation (NASDAQ:MSFT), Take-Two Interactive Software, Inc. (NASDAQ:TTWO), THQ Inc. (NASDAQ:THQI), Majesco Entertainment Co. (NASDAQ:COOL), KONAMI CORPORATION (NYSE:KNM), Sony Corporation (NYSE:SNE), and Gravity Co., LTD. (NASDAQ:GRVY).
Stock Price Performance: During May 3, 2011 to July 28, 2011, the stock price had risen 41 cents (3.6%) from $11.46 to $11.87. The stock price saw one of its best stretches over the last year between August 12, 2010 and August 20, 2010 when shares rose for seven-straight days, rising 2.1% (+22 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. Shares are down 38 cents (-3.1%) year to date.
(Source: Xignite Financials)