Will Activision's Earnings Miss Estimate? - Analyst Blog
2013年5月8日 - 12:10AM
Zacks
Activision Blizzard
(ATVI) is set to report first quarter
2013 results on May 8. Activision reported fourth quarter earnings
of 75 cents, which surpassed the Zacks Consensus Estimate by 6
cents. Let’s see how things are shaping up for this
announcement.
Growth Factors this Past Quarter
A strong jump in top-line growth based on solid performance from
the Call of Duty and Skylanders franchises were the main forces
behind the comfortable beat. Additionally, operating expenses
declined in the quarter that pushed up operating margin by 760
basis points (“bps”).
Activision plans to launch a number of games based on its four
franchises - Call of Duty, Skylanders, World of Warcraft and
StarCraft. However, Activision remains cautious on fiscal 2013 due
to volatile macroeconomic environment coupled with uncertainly
related to console transition and tough year-over-year
comparisons.
Earnings Whispers?
The Zacks Consensus Estimate for the first quarter stands at 9
cents while that for fiscal 2013 stands at 76 cents.
Activision posted positive surprises in the last four quarters with
an average surprise of 110.94%.There were no estimate revisions for
both the first quarter and fiscal 2013 over the past 30 days. As a
result, the Zacks Consensus Estimate for both periods has remained
unchanged.
The chances of a big surprise are unlikely given the lack of
catalysts during the quarter. The stock carries a Zacks Rank #3
(Hold).
We caution against stocks with Zacks Ranks #4 and #5 (Sell rated
stocks) going into the earnings announcement, especially when the
company is seeing negative estimate revisions momentum.
Other Stocks to Consider
Our model states that a stock needs to have both a positive Zacks
Earnings ESP (Read: Zacks Earnings ESP: A Better Method) and a
Zacks Rank #1, #2 or #3 to beat earnings estimates. You could,
therefore, consider stocks like:
Hasbro Inc (HAS), Earnings ESP of
+3.03% and Zacks Rank #2 (Buy)
International Game Technology
(IGT), Earning ESP of +3.23% and Zacks
Rank #2 (Buy)
Webcom Group Inc (WWWW), Earnings
ESP of +2.38% and Zacks Rank #2 (Buy)
ACTIVISION BLZD (ATVI): Free Stock Analysis Report
HASBRO INC (HAS): Free Stock Analysis Report
INTL GAME TECH (IGT): Free Stock Analysis Report
WEB.COM GROUP (WWWW): Free Stock Analysis Report
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