Take-Two Interactive (TTWO) to report fiscal Q1 net bookings slightly above mid-point of guidance, aided by strength in its NBA 2K franchise and mobile performance, Oppenheimer said in a Tuesday note.
Oppenheimer expects Q2 guidance to exceed expectations, as consensus estimates for Q2 bookings and earnings per share are $1.79 billion and $1.20, while analysts project stronger results at $1.87 billion and $1.32, respectively.
The firm has tweaked forecasts for fiscal 2026 bookings and EPS to $6.05 billion and $2.80, respectively, up from $5.96 billion and $2.63, factoring in early upside from Q1 and adjusted revenue pacing from Q2 to Q4. Analysts surveyed by FactSet expect EPS of $2.74 for 2026.
Oppenheimer notes that the engagement trends indicate that key franchises are either stable or expanding, with NBA 2K25 on PC experiencing surge in concurrent players year-over-year, reflecting strong engagement later in the cycle.
Take-Two Interactive is slated to report its Q1 results on Thursday.
The firm reiterated its outperform rating on the stock, maintaining its price target at $265.
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