With its next earnings report scheduled for Nov. 5, Take-Two Interactive Software (TTWO) is trading about 8% under a 180.71 buy point. The current formation is a second-stage consolidation. The gaming stock is a coronavirus play, as people are spending more time at home amid the pandemic.

Keep in mind that buying shares just before a company reports is risky, since disappointing numbers could send them sharply lower. You can minimize your risk by waiting to see how the company reports and how the market reacts.

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Earnings-per-share growth for the New York, N.Y.-based game maker declined last quarter from 114% to 88%, but the top line rose from 41% to 54%.

Take-Two Interactive Stock Leads Industry Group

Analysts expect earnings growth of 133% for the quarter, and 37% growth for the full year. EPS estimates for the full year were recently revised higher.

Take-Two Interactive stock has a 97 Composite Rating and earns the No. 1 rank among its peers in the Computer Software-Gaming industry group. Activision Blizzard (ATVI) is also among the group’s highest-rated stocks.

Note: Dates for earnings reports are subject to change. Check the company’s website for any updates.


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The post Top-Rated Take-Two Interactive Stock Near Buy Zone Ahead Of Earnings appeared first on Investor’s Business Daily.

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