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.
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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