Take-Two Interactive (TTWO, $167.69) tops fiscal Q4 earnings expectations
Video game publisher Take-Two Interactive Software posted fiscal fourth quarter earnings that surpassed analysts’ expectations, thanks to pandemic-driven demand.
Net income came in at $1.88 a share, compared to analysts’ expectations of 97 cents. Earnings were $1.07 a share in the year-ago quarter. Revenue rose +10% year-over-year to $839.4 million in the quarter, also beating analysts’ consensus of $661.4 million.
Net bookings came in at approximately $3.6 billion and adjusted unrestricted operating cash flow was $920 million for the quarter.
For fiscal 2022, Take-Two is expecting revenue of $3.14 billion to $3.24 billion and profit of $228 million to $257 million.
TTWO's RSI Indicator ascending out of oversold territory
The RSI Indicator for TTWO moved out of oversold territory on May 13, 2022. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 26 similar instances when the indicator left oversold territory. In 20 of the 26 cases the stock moved higher. This puts the odds of a move higher at 77%.
Throughout the month of 04/26/22 - 05/26/22, the price experienced a -1% Downtrend, while the week of 05/19/22 - 05/26/22 shows a +3% Uptrend.
The Momentum Indicator moved above the 0 level on May 20, 2022. You may want to consider a long position or call options on TTWO as a result. In 64 of 87 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 74%.
The Moving Average Convergence Divergence (MACD) for TTWO just turned positive on May 17, 2022. Looking at past instances where TTWO's MACD turned positive, the stock continued to rise in 36 of 49 cases over the following month. The odds of a continued upward trend are 73%.
Following a +11.96% 3-day Advance, the price is estimated to grow further. Considering data from situations where TTWO advanced for three days, in 233 of 338 cases, the price rose further within the following month. The odds of a continued upward trend are 69%.
TTWO may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Stochastic Indicator demonstrated that the ticker has stayed in the overbought zone for 6 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where TTWO declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 59%.
The Aroon Indicator for TTWO entered a downward trend on May 19, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 58%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.45.
The Tickeron PE Growth Rating for this company is 30 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is 50 (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 88, placing this stock slightly better than average.
The Tickeron Seasonality Score of 50 (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Price Growth Rating for this company is 63 (best 1 - 100 worst), indicating fairly steady price growth. TTWO’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of 79 (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (5.241) is normal, around the industry mean (15.782). P/E Ratio (34.483) is within average values for comparable stocks, (151.538). Projected Growth (PEG Ratio) (2.190) is also within normal values, averaging (4.540). Dividend Yield (0.000) settles around the average of (0.027) among similar stocks. P/S Ratio (4.107) is also within normal values, averaging (101.100).
The Tickeron SMR rating for this company is 80 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
Packaged software comprises multiple software programs bundled together and sold as a group. For example, Microsoft Office includes multiple applications such as Excel, Word, and PowerPoint. In some cases, buying a bundled product is cheaper than purchasing each item individually[s20] . Microsoft Corporation, Oracle Corp. and Adobe are some major American packaged software makers.
The average market capitalization across the Packaged Software Industry is 6.1B. The market cap for tickers in the group ranges from 580 to 2T. MSFT holds the highest valuation in this group at 2T. The lowest valued company is NANN at 580.
The average weekly price growth across all stocks in the Packaged Software Industry was 0.84%. For the same Industry, the average monthly price growth was -12.47%, and the average quarterly price growth was -21.21%. GTSWF experienced the highest price growth at 400%, while BLVDF experienced the biggest fall at -80.08%.
- 5/18/22 5:18 AM: Take-Two Interactive Software (TTWO, $123.08) was a top weekly gainer, with a +18.81% jump
- 4/14/22 4:49 AM: Take-Two Interactive Software (TTWO, $138.99) was a top loser this week, declining -5.58%
- 4/7/22 5:32 AM: Take-Two Interactive Software (TTWO, $147.2) was a top loser this week, declining -5.68%
The average weekly volume growth across all stocks in the Packaged Software Industry was -1.46%. For the same stocks of the Industry, the average monthly volume growth was 18.47% and the average quarterly volume growth was 88.06%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Positive Outlook today, backed by the MA200MA50 Indicator. Tickeron has a positive outlook on this group and predicts a further increase by more than 4.00% within the next month with a likelihood of 45%. During the last month, the daily ratio of advancing to declining volumes was 1.13 to 1.
11 stocks in the group of tickers confirmed the positive outlook based on the 15 indicator with average odds of 81%.
The most notable companies in this group are Activision Blizzard (NASDAQ:ATVI), Electronic Arts (NASDAQ:EA), Take-Two Interactive Software (NASDAQ:TTWO), MasterCraft Boat Holdings (NASDAQ:MCFT).
The average market capitalization across the group is 6.6B. The market cap for tickers in the group ranges from 0 to 61B. ATVI holds the highest valuation in this group at 61B. The lowest valued company is EARI at 0.
The average weekly price growth across all stocks in the group was 10.43%. For the same group, the average monthly price growth was 7.1%, and the average quarterly price growth was -18.63%. GWIN experienced the highest price growth at 478.51%, while MICS experienced the biggest fall at -51.67%.
- 5/25/22 7:32 AM: Vista Outdoor (VSTO, $35.14) was a top loser this week, declining -13.32%
- 5/24/22 7:00 AM: Electronic Arts (EA, $133.77) was a top weekly gainer, with a +5.01% jump
- 5/21/22 6:31 AM: Hasbro (HAS, $84.7) was a top loser this week, declining -8.03%
The average weekly volume growth across all stocks in the group was 167.33%. For the same stocks of the group, the average monthly volume growth was 580.99% and the average quarterly volume growth was 1765.63%
- 5/25/22 7:27 AM: The volume for Electronic Arts stock increased for a consecutive 5 days, with an average daily gain of 87%
- 5/25/22 7:27 AM: The volume for Nautilus stock increased for one day, resulting in a record-breaking daily growth of 347% of the 65-Day Volume Moving Average
- 5/25/22 7:27 AM: The volume for Clarus stock increased for one day, resulting in a record-breaking daily growth of 268% of the 65-Day Volume Moving Average
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows