Activision blizzard's stock dropped $3.7 billion following the diablo immortal announcement3/13/2024 (3) Stock price estimate much higher than the current market price The company has reduced its sales and marketing costs over the recent past, and we expect this trend to continue in the near term. For the full year 2021, we expect the adjusted EPS to be higher at $3.85 compared to $3.21 in 2020. The company’s adjusted net income of $941 million in Q2 2021 reflected a solid 49% rise from its $631 million figure in the prior-year quarter, led by higher revenues and margin expansion. Our dashboard on Activision Blizzard Revenues offers more details on the company’s segments.Ģ) EPS likely to be slightly above the consensus estimatesĪctivision Blizzard’s Q3 2021 adjusted earnings per share is expected to be $0.72 per Trefis analysis, slightly above the consensus estimate of $0.70. The company reported revenues of $2.3 billion in Q2 2021, up 19% y-o-y, and it has guided for $1.85 billion revenues in Q3. Despite the economies opening up with vaccination programs underway in multiple countries, the user engagement levels for gaming has remained on the higher side, aiding Activision Blizzard’s sales over the recent quarters. Trefis estimates Activision Blizzard’s Q3 2021 revenues to be around $1.92 billion, slightly above the $1.88 billion consensus estimate. (1) Revenues expected to be slightly above the consensus estimates ![]() Our interactive dashboard analysis on Activision Blizzard Pre-Earnings has additional details. Not only do we expect the company to post upbeat results, our forecast indicates that Activision Blizzard’s ATVI valuation is $110 per share, which reflects a large 36% premium to the current market price of around $81, implying that the stock is undervalued at its current levels.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |