New Zealand markets closed

  • NZX 50

    11,372.62
    +53.88 (+0.48%)
     

  • NZD/USD

    0.5963
    +0.0031 (+0.52%)
     

  • NZD/EUR

    0.5596
    +0.0037 (+0.67%)
     

  • ALL ORDS

    7,270.00
    +3.40 (+0.05%)
     

  • ASX 200

    7,068.80
    +3.60 (+0.05%)
     

  • OIL

    90.33
    +0.70 (+0.78%)
     

  • GOLD

    1,944.90
    +5.30 (+0.27%)
     

  • NASDAQ

    14,701.10
    +6.85 (+0.05%)
     

  • FTSE

    7,683.91
    +5.29 (+0.07%)
     

  • Dow Jones

    33,963.84
    -106.58 (-0.31%)
     

  • DAX

    15,557.29
    -14.57 (-0.09%)
     

  • Hang Seng

    18,057.45
    +402.04 (+2.28%)
     

  • NIKKEI 225

    32,402.41
    -168.62 (-0.52%)
     

  • NZD/JPY

    88.4560
    +0.9600 (+1.10%)
     

Take-Two (TTWO) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

Zacks Equity Research
·2-min read

For the quarter ended March 2023, Take-Two Interactive (TTWO) reported revenue of $1.39 billion, up 64.8% over the same period last year. EPS came in at $0.85, compared to $1.16 in the year-ago quarter.

The reported revenue represents a surprise of +4.00% over the Zacks Consensus Estimate of $1.34 billion. With the consensus EPS estimate being $0.68, the EPS surprise was +25.00%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Take-Two performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Total net bookings: $1.39 billion versus the 15-analyst average estimate of $1.32 billion.

  • Net bookings by distribution channel - Digital online: $1.35 billion versus $1.28 billion estimated by seven analysts on average.

  • Net bookings by distribution channel - Physical retail and other: $45.10 million versus $66.80 million estimated by seven analysts on average.

  • Net bookings by platform mix - Mobile: $706.20 million versus $667.36 million estimated by six analysts on average.

  • Net Revenues by Distribution Channel- Physical retail and other: $54.20 million compared to the $82.37 million average estimate based on three analysts. The reported number represents a change of -43.9% year over year.

  • Net Revenues by Distribution Channel- Digital online: $1.39 billion versus $1.22 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +67% change.

View all Key Company Metrics for Take-Two here>>>

Shares of Take-Two have returned -0.2% over the past month versus the Zacks S&P 500 composite's -0.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Take-Two Interactive Software, Inc. (TTWO) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research