Earnings Preview : Take- Two Interactive Software (Nasdaq:TTWO)
Wednesday, March 03, 2022 9:09 AM

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Take- Two Interactive Software (Nasdaq:TTWO) is scheduled to release fiscal first quarter 2010 earnings on Wednesday March 3th 2010, after the bell.  TTWO is trading at depressed historical levels relative to the average historic sales yields during the past 5 years.  Sales yields, which are calculated as the overall sales relative to the stock price, are a reflection of what an investor will pay for top line sales growth for every dollar of investment.

For the 4th quarter of 2009, Take Two reported earnings per share of 9 cents per share compared to analysts estimates of 8 cents per share.  Total revenue for the 3 months ending 10/31/09 was 343.39 million dollars.  Gross profit for TTWO was 85.85 million dollars compared to 23.66 million dollars during the previous quarter.

Earnings per share estimates for the fiscal 1st quarter of 2010 are for a -51 cent loss, with a high estimate of -44 cents loss and a low estimate of a -55 cent loss.  For 2010, the average estimate is for a -56 cent loss, with a high estimate of a -34 cent loss and a low estimate of a -64 cent loss.  The average revenue estimate is 125.27 million dollars, with a high estimate of 140 million dollars for the first quarter and a low estimate of 95.88 million dollars. During the past 90 days, the average estimate has changed for a loss of -26 cents per share, to a loss of -51 cents per share.  Growth estimates are for a change of 1.9% for TTWO compared to growth in the sector of 77.6%.  Next quarter's growth estimates are for a change of 275% for TTWO, compare to a 30% change in growth for the sector.

The sale of Take Two's distribution business SYNNEX for 44 million dollars on February 26th 2009, will be positive for TTWO in the long term as it will allow them to focus on developing top rated games, and strengthening their balance sheet.  In the short term, this will have an impact on earnings, which might not be helpful to the stock price.

Take Two is currently trading at 9.15, with a 52 week range of 5.56 to 12.57.  TTWO has a market cap of million dollars, and a debt level of 27%.  Last quarter's earnings per share change was 350%, sales from last quarter were up 6% and the 3 year sales change was up 6%.  Current profit margins for TTWO are -8.8%.

 

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