Take-Two Interactive Software Inc. fans may be searching for any mention of the sixth official installment of the “Grand Theft Auto” franchise, but some investors may focus on any bump from mobile ads given results from ad-monetization software companies last week. Take-Two
TTWO,
-0.15%
is scheduled to report fiscal fourth-quarter results after the close of markets Wednesday.
Wedbush analyst Nick McKay, who has an outperform rating and a $130 price target, said in a note Monday he expects Take-Two’s fiscal 2024 forecast to come in below the Street consensus, while posting an in-line fourth quarter “with improving sentiment offset by Zynga softness.” Analysts surveyed by FactSet estimate expect an unadjusted loss of $1.22 a share on revenue of $1.35 billion and net bookings of $1.34 billion. Take-Two had forecast a loss of $1.27 to $1.17 a share on revenue of $1.34 billion to $1.39 billion, and net bookings of $1.31 billion to $1.36 billion. For the first quarter, analysts expect an unadjusted loss of 19 cents a share on revenue $1.42 billion and net bookings of $1.29 billion. For fiscal 2024, the Street estimates an unadjusted loss of $1.37 a share on revenue of $6.16 billion and net bookings of $6.13 billion. Read next: There is a ‘new normal’ in the videogame industry, and Wall St …
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