Activision Blizzard Announces Better-Than-Expected First Quarter 2015 Financial Results

Piper Jaffray Says Activision Blizzard (ATVI) is 'Overly Conservative' in FY2015 Guidance

Piper Jaffray reiterates their Overweight rating on Activision Blizzard, Inc. (NASDAQ: ATVI) and raises the price target to $27 (from $26). This comes after a strong 1Q performance, showing $703M in revenue (ahead of consensus set at $655.8M). However, they appear overly conservative in their... More

Brean Capital Bullish After Activision Blizzard (ATVI) 1Q15; PT to $28

Brean Capital reiterates a Buy rating on Activision Blizzard Inc. (NASDAQ: ATVI) and raises the target price to $28 (from $27), after 1Q15 review showed ATVI out ahead of guidance. Excluding FX pressures and any major releases, the new outlook for 2015 implies strong underlying fundamentals from recurring digital revenue.

Brean analyst Todd Mitchell reported on ATVI saying, "Last night Activision reported 1Q15 revenue of $703 million and non-GAAP EPS to $0.16. Revenue was down 9% from a year ago, and non-GAAP EPS was off 17%,... More

Activision Blizzard (ATVI) PT, Estimates Bumped at Baird on Strong Start to 2015

Baird analyst Colin Sebastian reiterated an Outperform rating and bumped his price target on Activision Blizzard (NASDAQ: ATVI) to $27.00 (from $26.00) following a strong start to 2015 driven by digital.

Sebastian commented, ". ATVI Q1 revenues of $703 million (-9% Y/Y, flat ex-FX) was well-above consensus... More

Activision Blizzard (ATVI) Tops Q1 EPS by 10c, Raises FY Guidance

Activision Blizzard (NASDAQ: ATVI) reported Q1 EPS of $0.16, $0.10 better than the analyst estimate of $0.06. Revenue for the quarter came in at $703 million versus the consensus estimate of $650.47 million.

Activision Blizzard sees FY2015 EPS of $0.98-$1.20, versus prior guidance of $0.89-$1.15 and the consensus of $1.18.... More