Published on 19 May 2024 on Simply Wall St. via Yahoo Finance

The Consensus EPS Estimates For Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Just Fell...

One thing we could say about the analysts on Take-Two Interactive Software, Inc. (NASDAQ:TTWO) - they aren't optimistic, having just made a major negative revision to their near-term (statutory) forecasts for the organization. Both revenue and earnings per share (EPS) estimates were cut sharply as analysts factored in the latest outlook for the business, concluding that they were too optimistic previously. At US$151, shares are up 4.8% in the past 7 days. Investors could be forgiven for changing their mind on the business following the downgrade; but it's not clear if the revised forecasts will lead to selling activity.

Following the downgrade, the most recent consensus for Take-Two Interactive Software from its 23 analysts is for revenues of US$5.6b in 2025 which, if met, would be a reasonable 5.4% increase on its sales over the past 12 months. The loss per share is anticipated to greatly reduce in the near future, narrowing 85% to US$3.23. Yet prior to the latest estimates, the analysts had been forecasting revenues of US$7.0b and losses of US$1.23 per share in 2025. Ergo, there's been a clear change in sentiment, with the analysts administering a notable cut to this year's revenue estimates, while at the same time increasing their loss per share forecasts.