Take-Two Interactive Software Second Quarter Earnings Sneak Peek

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) will unveil its latest earnings on Monday, August 8, 2011. The Company is a global publisher, developer and distributor of interactive entertainment software and hardware.

Take-Two Interactive Software, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 2 cents per share, a decline of 89.5% 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 a loss of 3 cents. Between one and three months ago, the average estimate moved up, but has dropped from 7 cents during the last month. For the year, analysts are projecting net loss of 2 cents per share, a swing from net income of 74 cents last year.

Past Earnings Performance: The company is looking to top estimates for the third straight quarter. Last quarter, it reported a loss of 23 cents per share against a mean estimate of net loss of 47 cents, and the quarter before, the company exceeded forecasts by 17 cents with profit of 45 cents versus a mean estimate of net income of 28 cents.

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Analyst Ratings: Analysts are bullish on Take-Two Interactive Software as seven analysts rate it as a buy, one rates it as a sell and seven rate it as a hold.

Competitors to Watch: Electronic Arts Inc. (NASDAQ:ERTS), Microsoft Corporation (NASDAQ:MSFT), THQ Inc. (NASDAQ:THQI), Activision Blizzard, Inc. (NASDAQ:ATVI), Majesco Entertainment Co. (NASDAQ:COOL), KONAMI CORPORATION (NYSE:KNM), Silverstar Holdings Ltd. (SSTRF), Zoo Entertainment, Inc. (ZOO), Handleman Company (HDLM), and Sony Corporation (NYSE:SNE).

Stock Price Performance: During June 6, 2011 to August 2, 2011, the stock price had fallen $3.11 (-19.6%) from $15.87 to $12.76. The stock price saw one of its best stretches over the last year between February 4, 2011 and February 16, 2011 when shares rose for nine-straight days, rising 17.5% (+$2.47) over that span. It saw one of its worst periods between July 7, 2011 and July 18, 2011 when shares fell for eight-straight days, falling 8.8% (-$1.37) over that span. Shares are up 49 cents (+4%) year to date.

(Source: Xignite Financials)

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