Bank Of America Comments On Take-Two Interactive F4Q Results

According to Bank of America, Take-Two Interactive TTWO is scheduled to report F4Q after the close on Tuesday May 24 and given NPD data showing US/UK retail sales down 26% y/y vs. its estimate for revenue down 36% y/y, it expects F4Q results above the high-end of guidance for $130-150mn and LPS of ($0.40-0.45). Bank of America said that it is roughly in-line with the Street at $140mn/($0.43) vs. $145mn/($0.41). “We see $5-$15mn upside potential to Street revenue at $145mn and $0.05-0.10 upside potential to the Street LPS at ($0.41) on continued sales strength of catalog titles NBA 2K and Red Dead Redemption.” Take-Two Interactive closed yesterday at $17.41.