Activision Blizzard Inc. Third Quarter Earnings Sneak Peek

Activision Blizzard, Inc. (NASDAQ:ATVI) will unveil its latest earnings on Tuesday, November 8, 2011. Activision Blizzard is an online, personal computer (NYSE:PC), console, and handheld game publisher.

Activision Blizzard, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of one cent per share, a decline of 75% 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 breaking even. Between one and three months ago, the average estimate moved up. It has been unchanged at one cent during the last month. For the year, analysts are projecting net income of 74 cents per share, a rise of 2.8% from last year.

Past Earnings Performance: Last quarter, the company reported profit of 9 cents per share versus a mean estimate of net income of. The company has beaten estimates for the past three quarters.

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Wall St. Revenue Expectations: On average, analysts predict $558.4 million in revenue this quarter, a decline of 34.8% from the year ago quarter. Analysts are forecasting total revenue of $4.11 billion for the year, a decline of 14.4% from last year’s revenue of $4.8 billion.

Analyst Ratings: Analysts are bullish on this stock with 16 analysts rating it as a buy, none rating it as a sell and three rating it as a hold.

A Look Back: In the second quarter, profit rose 53% to $335 million (29 cents a share) from $219 million (17 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 18.5% to $1.15 billion from $967 million.

Key Stats:

The company’s revenue has risen for two straight quarters. In the first quarter, the figure rose 10.8%.

Competitors to Watch: Electronic Arts Inc. (NASDAQ:ERTS), Microsoft Corporation (NASDAQ:MSFT), Take-Two Interactive Software, Inc. (NASDAQ:TTWO), THQ Inc. (NASDAQ:THQI), Nintendo Co., Ltd (NTDOY), Majesco Entertainment Co. (NASDAQ:COOL), KONAMI CORPORATION (NYSE:KNM), Sony Corporation (NYSE:SNE), Silverstar Holdings Ltd. (SSTRF), and Gravity Co., LTD. (NASDAQ:GRVY).

Stock Price Performance: During August 9, 2011 to November 2, 2011, the stock price had risen $2.33 (21.3%) from $10.96 to $13.29. The stock price saw one of its best stretches over the last year between September 9, 2011 and September 16, 2011 when shares rose for six-straight days, rising 6.3% (+72 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 up $1.04 (+8.5%) year to date.

(Source: Xignite Financials)

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.

 

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