Activision (ATVI) To Report Q2 Earnings: What's In Store?
Zacks Investment Research | Aug 05, 2019 10:07PM ET
Activision Blizzard (NASDAQ:ATVI) is set to report second-quarter 2019 results on Aug 8.
Notably, the company’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, the average positive surprise being 24.6%.
In the first quarter, Activision reported non-GAAP earnings of 78 cents per share that remained flat year over year.
Net revenues on a GAAP basis declined 7.1% year over year to $1.83 billion. However, the figure outpaced the company’s guidance of $1.72 billion. This better-than-guided performance was due to strict operating discipline.
For the second quarter, Activision anticipates non-GAAP earnings of 35 cents and revenues of $1.32 billion.
The Zacks Consensus Estimate for second-quarter earnings has remained steady at 26 cents over the past seven days. The figure indicates a decline of 36.6% from the year-ago quarter’s reported figure.
Notably, the consensus mark for revenues is pegged at $1.19 billion, indicating a decline of 13.8% from the year-ago quarter’s reported figure.
Activision Blizzard, Inc Price and EPS Surprise
the complete list of today’s Zacks #1 Rank stocks here .Lululemon athletica (NASDAQ:LULU) has an Earnings ESP of +0.97% and a Zacks Rank #2.
BrightView Holdings (NYSE:BV) has an Earnings ESP of +0.86% and a Zacks Rank #2.
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