FMP
Aug 2, 2022 10:50 PM - Davit Kirakosyan
Analysts at Oppenheimer provided their outlook on Take-Two Interactive Software, Inc. (NASDAQ:TTWO) ahead of the company’s upcoming Q1 results, expected to be announced on Aug 8.
The analysts take an incrementally more cautious view on 2023 net bookings by lowering their estimate to the low-end of management guidance of $3.75 billion, from $3.82 billion. While NBA 2K has remained strong during Q1, the analysts believe GTA and RDR may face more revenue headwinds as the company concentrates more resources on the development of GTA 6.
The company closed the acquisition of Zynga as of May 23rd. The analysts lowered their net bookings estimate for 2023 by 8% from $2.9 billion to $2.7 billion to account for the weak mobile gaming market and delays with Star Wars Hunter.
Oppenheimer’s updated 2023 bookings for the combined company include $2.35 billion from Zynga, reflecting a partial contribution in Q1. Their 2023 outlook for Zynga implies mid-single digit year-over-year growth, compared to the double-digit forecasted by Zynga management.
Sep 11, 2023 - Rajnish Katharotiya
During this post we are going to perform an industry analysis with Python. We will build, analyse and compare all stocks operating within an industry. To do so, we will pick an industry and get all important financial metrics for companies operating in that industry. Then, we will use a couple of fi...
Sep 11, 2023 - Rajnish Katharotiya
Price to Earnings is one of the key metrics use to value companies using multiples. The P/E ratio and other multiples are relative valuation metrics and they cannot be looked at in isolation. One of the problems with the P/E metric is the fact that if we are in the peak of a business cycle, earni...
Sep 11, 2023 - Rajnish Katharotiya
Would you like to know how your portfolio is performing and how much risk you are taking? In this post, you will learn how to measure portfolio risk and calculate portfolio returns using Python. We will see step by step how to calculate the risk and returns of a portfolio containing four stocks Appl...