Activision Blizzard closed at $68.98 in the latest trading session, marking a -1.15% move from the prior day. This change lagged the S&P 500's daily loss of 0.55%. At the same time, the Dow lost 0.5%, and the tech-heavy Nasdaq lost 0.42%.
Coming into today, shares of the maker of "Call of Duty" and other video games had lost 13.42% in the past month. In that same time, the Consumer Discretionary sector lost 6.58%, while the S&P 500 lost 5.71%.
Wall Street will be looking for positivity from ATVI as it approaches its next earnings report date. This is expected to be November 8, 2018. The company is expected to report EPS of $0.51, down 15% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $1.66 billion, down 12.72% from the prior-year quarter.
ATVI's full-year Zacks Consensus Estimates are calling for earnings of $2.65 per share and revenue of $7.50 billion. These results would represent year-over-year changes of +16.23% and +4.86%, respectively.
Investors might also notice recent changes to analyst estimates for ATVI. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. ATVI is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, ATVI currently has a Forward P/E ratio of 26.35. This represents a premium compared to its industry's average Forward P/E of 23.01.
We can also see that ATVI currently has a PEG ratio of 1.75. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Toys - Games - Hobbies stocks are, on average, holding a PEG ratio of 1.61 based on yesterday's closing prices.
The Toys - Games - Hobbies industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 224, which puts it in the bottom 12% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Activision Blizzard (ATVI) Dips More Than Broader Markets: What You Should Know
Activision Blizzard closed at $68.98 in the latest trading session, marking a -1.15% move from the prior day. This change lagged the S&P 500's daily loss of 0.55%. At the same time, the Dow lost 0.5%, and the tech-heavy Nasdaq lost 0.42%.
Coming into today, shares of the maker of "Call of Duty" and other video games had lost 13.42% in the past month. In that same time, the Consumer Discretionary sector lost 6.58%, while the S&P 500 lost 5.71%.
Wall Street will be looking for positivity from ATVI as it approaches its next earnings report date. This is expected to be November 8, 2018. The company is expected to report EPS of $0.51, down 15% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $1.66 billion, down 12.72% from the prior-year quarter.
ATVI's full-year Zacks Consensus Estimates are calling for earnings of $2.65 per share and revenue of $7.50 billion. These results would represent year-over-year changes of +16.23% and +4.86%, respectively.
Investors might also notice recent changes to analyst estimates for ATVI. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. ATVI is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, ATVI currently has a Forward P/E ratio of 26.35. This represents a premium compared to its industry's average Forward P/E of 23.01.
We can also see that ATVI currently has a PEG ratio of 1.75. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Toys - Games - Hobbies stocks are, on average, holding a PEG ratio of 1.61 based on yesterday's closing prices.
The Toys - Games - Hobbies industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 224, which puts it in the bottom 12% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.