Activision Blizzard, Inc. (NASDAQ:ATVI) will unveil its latest earnings on Wednesday, May 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 analyst estimate is for profit of one cent per share, a decline of 92.9% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 13 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at one cent during the last month. For the year, analysts are projecting net income of 88 cents per share, a rise of 2.3% from last year.
Past Earnings Performance: Last quarter, the company beat estimates by 4 cents, coming in at profit of 59 cents a share versus the estimate of net income of 55 cents a share. It marked the fourth straight quarter of beating estimates.
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Wall St. Revenue Expectations: Analysts predict a decline of 26.9% in revenue from the year-earlier quarter to $551.9 million.
Analyst Ratings: Analysts are optimistic about this stock, with 13 analysts rating it as a buy, none rating it as a sell and five rating it as a hold.
A Look Back: In the fourth quarter of the last fiscal year, the company swung to a profit of $99 million (8 cents a share) from a loss of $233 million (19 cents) a year earlier, beating analyst estimates. Revenue fell 1.5% to $1.41 billion from $1.43 billion.
On the top line, the company is looking to get back on the right track after last quarter’s drop snapped a string of revenue increases. Revenue rose 10.8% in the first quarter of the last fiscal year, 18.5% in the second quarter of the last fiscal year and 1.2%in the third quarter of the last fiscal year before dropping in the fourth quarter of the last fiscal year.
Stock Price Performance: Between March 7, 2012 and May 3, 2012, the stock price had risen $1.03 (8.9%), from $11.63 to $12.66. The stock price saw one of its best stretches over the last year between April 20, 2012 and April 30, 2012, when shares rose for seven straight days, increasing 5.6% (+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, dropping 5.2% (-61 cents) over that span.
(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)
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