What to Expect When Take-Two Reports After the Close

By Chris Lange Updated Jan 30, 5:45PM EST · Published Aug 5, 11:25AM EDT

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What to Expect When Take-Two Reports After the Close — © Cate Gillon / Staff / Getty Images

Take-Two Interactive Software Inc. (NASDAQ: TTWO | TTWO Price Prediction) is scheduled to release its most recent quarterly results after the markets close on Monday. The consensus estimates are calling for $0.02 in earnings per share (EPS) and $363.79 million in revenue. The fiscal first quarter of last year had $0.12 in EPS and $288.32 million in revenue.

The company issued guidance in May that it expects to see GAAP EPS in the range of $0.65 to $0.75 and revenue in between $485 million and $535 million.

In the fiscal fourth quarter, Take-Two said that it had total net bookings increase 19% to $488.4 million, as compared to $411.4 million during the previous year’s same period. Net bookings from recurrent consumer spending grew 27% year over year and accounted for 62% of total net bookings.

At the same time, digitally delivered net bookings grew 26% to $419.0 million, as compared to $333.1 million in the prior year’s fourth quarter, and accounted for 86% of total net bookings.

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The largest contributors to net bookings in the fiscal fourth quarter were “NBA 2K19”; “Grand Theft Auto Online” and “Grand Theft Auto V”; “Red Dead Redemption 2” and “Red Dead Online”; “Sid Meier’s Civilization VI”; “Dragon City” and “Monster Legends”; and “WWE SuperCard” and “WWE 2K19.”

Excluding Monday’s move, Take-Two had outperformed the broad markets, with its stock up about 18% year to date. In the past 52 weeks, the stock was up closer to 8%.

A few analysts weighed in on Take-Two ahead of results:

Wedbush has an Outperform rating with a $134 price target.
KeyCorp has an Overweight rating and a $145 price target.
MKM Partners has a Buy rating with a $136 price target.
Stephens rates it as Overweight with a $120 price target.
Cowen’s Outperform rating comes with a $126 price target.
Jefferies has a Hold rating with a $115 price target.

Shares of Take-Two traded down about 5% Monday morning at $115.49, in a 52-week range of $84.41 to $139.91. The consensus price target is $125.96.

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About the Author Chris Lange →

Chris Lange is a writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics.

Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications.

A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.