MKM Partners Defends on Take-Two Interactive (TTWO); Tough Start, But Far From Finished

August 1, 2012 12:23 PM EDT
Get Alerts TTWO Hot Sheet
Price: $51.73 -0.12%

Rating Summary:
    15 Buy, 7 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 22 | Down: 34 | New: 34
Trade TTWO Now!
Join SI Premium – FREE
MKM Partners maintains a 'Buy' on Take-Two Interactive (NASDAQ: TTWO) price target lowered to $15.00.

Analyst, Eric Handler, said, "The shares have taken a beating, but the story is not broken. Despite a weaker than expected start to FY13 and EPS losses projected in 2Q, we remain positive towards Take-Two based on the strength of its upcoming release slate and its potential to still approach record results for the year. While EPS of ($1.16) was roughly $0.50 shy of our ($0.65) forecast, full year guidance for the year only declined by $0.25 to $1.75-$2.00 from $2.00-$2.25. We believe this outlook reflects a stronger forecast for key upcoming releases, increased expectations for mobile sales, and lower product development costs in the remaining quarters of the year."

Q2 EPS estimate lowered from $0.20 to (0.06) and FY13 EPS estimate cut from $2.75 to $2.00

For an analyst ratings summary and ratings history on Take-Two Interactive click here. For more ratings news on Take-Two Interactive click here.

Shares of Take-Two Interactive closed at $8.78 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change

Add Your Comment