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Re: TTWO's earnings
report
I did not mention it because there was not much to mention. I
bought in at 24 before last earnings and sold at 28, but feel it is
more reasonably priced and possibly expensive ~30 right now.
Estimates for this year are now down to ~$1. Next year's are $1.70
but based mostly on vaporware. I have started to see "reports" of
GTA6 in 2017 but have no idea where those are coming from. GTA5 has
sold 54 million now so *if* GTA6 was coming, I would buy in big
right now, but I expect Red Dead reboot first, probably in FY2017
then GTA sometime after.
Check out estimate revisions on Yahoo. So most recently beat on
rev's but missed on earnings. For Sep Q: 90 days ago estimates for
profit of 24 cents, then 60 days ago loss of 24 cents, now up to
loss of 15 cents. Dec quarter has dropped over that time. In
general estimates all over the place which indicates there is still
little communication or perhaps little knowledge among insiders of
what earnigns will be. It has always been hard telling.
I agree that they have done a good job of being profitable on a
regular basis, and I think the stock reflects that. Unless I think
Red Dead or GTA is closer, or the price drops, I am watching
only.
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