Take-Two Interactive Q2 Earnings Preview

On Wednesday, Nov. 7, Take-Two Interactive Software, Inc. TTWO will release its latest earnings report. Check out Benzinga's report to understand the earnings report's implications.

Earnings and Revenue

Sell-side analysts expect Take-Two's EPS to be near 93 cents on sales of $549.94 million.

In the same quarter last year, Take-Two posted EPS of $1.09 on sales of $576.9 million. Analysts estimate would represent a 14.68 percent decrease in the company's earnings. Revenue would have fallen 4.69 percent from the same quarter last year. Here's how the Take-Two's reported EPS has stacked up against analyst estimates in the past:

Stock Performance

Over the last 52-week period, shares are up 16.31 percent. Given that these returns are generally positive, long-term shareholders should be content going into this earnings release. Analysts have adjusted their estimates lower for EPS and revenues over the past 90 days. Analysts seem to have settled on a Neutral rating with Take-Two. The strength of this rating has maintained conviction over the past three months.

Conference Call

Don't be surprised to see the stock move on comments made during its conference call. Take-Two's Q2 conference call is scheduled to begin at 4:30 p.m. ET and can be accessed here: https://edge.media-server.com/m6/p/kp9mzuh4