Advertisement
Singapore markets closed

  • Straits Times Index

    3,176.51
    -11.15 (-0.35%)
     

  • Nikkei

    37,068.35
    -1,011.35 (-2.66%)
     

  • Hang Seng

    16,224.14
    -161.73 (-0.99%)
     

  • FTSE 100

    7,895.85
    +18.80 (+0.24%)
     

  • Bitcoin USD

    64,058.66
    +2,060.54 (+3.32%)
     

  • CMC Crypto 200

    1,371.97
    +59.34 (+4.52%)
     

  • S&P 500

    4,967.23
    -43.89 (-0.88%)
     

  • Dow

    37,986.40
    +211.02 (+0.56%)
     

  • Nasdaq

    15,282.01
    -319.49 (-2.05%)
     

  • Gold

    2,406.70
    +8.70 (+0.36%)
     

  • Crude Oil

    83.24
    +0.51 (+0.62%)
     

  • 10-Yr Bond

    4.6150
    -0.0320 (-0.69%)
     

  • FTSE Bursa Malaysia

    1,547.57
    +2.81 (+0.18%)
     

  • Jakarta Composite Index

    7,087.32
    -79.50 (-1.11%)
     

  • PSE Index

    6,443.00
    -80.19 (-1.23%)
     

Take-Two (TTWO) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

Zacks Equity Research
·2-min read

For the quarter ended March 2023, Take-Two Interactive (TTWO) reported revenue of $1.39 billion, up 64.8% over the same period last year. EPS came in at $0.85, compared to $1.16 in the year-ago quarter.

The reported revenue represents a surprise of +4.00% over the Zacks Consensus Estimate of $1.34 billion. With the consensus EPS estimate being $0.68, the EPS surprise was +25.00%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

ADVERTISEMENT

Here is how Take-Two performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Total net bookings: $1.39 billion versus the 15-analyst average estimate of $1.32 billion.

  • Net bookings by distribution channel - Digital online: $1.35 billion versus $1.28 billion estimated by seven analysts on average.

  • Net bookings by distribution channel - Physical retail and other: $45.10 million versus $66.80 million estimated by seven analysts on average.

  • Net bookings by platform mix - Mobile: $706.20 million versus $667.36 million estimated by six analysts on average.

  • Net Revenues by Distribution Channel- Physical retail and other: $54.20 million compared to the $82.37 million average estimate based on three analysts. The reported number represents a change of -43.9% year over year.

  • Net Revenues by Distribution Channel- Digital online: $1.39 billion versus $1.22 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +67% change.

View all Key Company Metrics for Take-Two here>>>

Shares of Take-Two have returned -0.2% over the past month versus the Zacks S&P 500 composite's -0.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Take-Two Interactive Software, Inc. (TTWO) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research