THQ Inc. Second Quarter Earnings Sneak Peek

THQ, Inc. (NASDAQ:THQI) will unveil its latest earnings on Wednesday, November 2, 2011. THQ is a worldwide developer and publisher of interactive entertainment software for all popular game systems.

THQ, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net loss of 86 cents per share, a wider loss from the year earlier quarter net loss of 63 cents. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month.

Past Earnings Performance: The company missed estimates last quarter after beating forecasts in the prior two. In the first quarter, the company reported a loss of 92 cents per share versus a mean estimate of net loss of 59 cents per share. In the fourth quarter of the last fiscal year, the company beat estimates by 5 cents.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 48% in revenue from the year-earlier quarter to $104.2 million.

Analyst Ratings: Analysts seem relatively indifferent about THQ with 13 of 17 analysts surveyed maintaining a hold rating.

A Look Back: In the first quarter, the company’s loss widened to a loss of a $38.4 million (56 cents a share) from a loss of $30.1 million (44 cents) a year earlier, missing analyst expectations. Revenue rose 30.6% to $195.2 million from $149.4 million.

Key Stats:

A year-over-year revenue increase in the first quarter snapped a streak of three consecutive quarters of revenue declines. Revenue fell 37.1% in the fourth quarter of the last fiscal year, 11.8% in the third quarter of the last fiscal year and 23.9% in the second quarter of the last fiscal year.

Competitors to Watch: Electronic Arts Inc. (NASDAQ:ERTS), Microsoft Corporation (NASDAQ:MSFT), Take-Two Interactive Software, Inc. (NASDAQ:TTWO), Activision Blizzard, Inc. (NASDAQ:ATVI), KONAMI CORPORATION (NYSE:KNM), Majesco Entertainment Co. (NASDAQ:COOL), The Walt Disney Company (NYSE:DIS) and Sony Corporation (NYSE:SNE).

Stock Price Performance: During September 29, 2011 to October 27, 2011, the stock price had risen 51 cents (29%) from $1.76 to $2.27. The stock price saw one of its best stretches over the last year between October 12, 2011 and October 19, 2011 when shares rose for six-straight days, rising 15.5% (+25 cents) over that span. It saw one of its worst periods between September 16, 2011 and September 22, 2011 when shares fell for five-straight days, falling 10.4% (-19 cents) over that span. Shares are down $3.79 (-62.5%) year to date.

(Source: Xignite Financials)

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