According to estimates from FactSet, analysts are expecting the company to lose 28 cents per share for the quarter, and report $256.7 million in revenue. This is a 48% increase from the $173.4 million that the company reported in revenue a year ago. That said, the 28-cent loss is wider than the 9-cent loss the company reported a year earlier.reports third quarter results on Thursday after the market closes. According to Bespoke, it also beats estimates 100% of the time.
In October Nomura upgraded the stock to a buy rating, saying that the company could be about to report an uptick in revenue after multiple quarters of deceleration. The stock climbed steadily higher for much of the year, but has since entered a bear market after coming under pressure since the June all-time high. The stock is also now trading below its 200-day moving average, which is a widely-followed technical indicator used to help determine a stock's overall trend.
Wedbush is expecting the company to earn 18 cents on $152.6 million in revenue. Analyst Nick Setyan has a neutral rating and $84 target on the stock. He believes cannibalization could be a potential headwind in coming quarters, and he also thinks that same-store sales growth guidance could be conservative.Activision Blizzardearnings are on deck Thursday after the market closes. According to Bespoke, the company tops estimates 89% of the time.
Sell before earnings reported.
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