Take-Two Interactive Software Inc (NASDAQ:TTWO) is about to report its fiscal fourth quarter earnings after the market shut on Might 21, with buyers anticipated to focus closely on commentary surrounding the launch timing of Grand Theft Auto VI.
Wedbush analysts stated the earnings name may signify a key “go/no-go” second for the extremely anticipated title, reiterating their ‘Outperform’ ranking and $300 value goal on the shares forward of the discharge. Shares traded palms at $246 on Friday afternoon.
“We anticipate an in-line print, however the name itself is what issues,” the analysts wrote. “That is the second buyers will know whether or not GTA VI remains to be on monitor for its November 19, 2026, launch.”
Wedbush wrote that Rockstar Video games traditionally proclaims main delays roughly six months earlier than launch, making the upcoming earnings name a important milestone. The agency believes that if administration doesn’t delay the sport through the name, its confidence that the November launch date will maintain would rise to greater than 90%.
The analysts additionally pointed to a leaked Finest Purchase affiliate internet marketing electronic mail that appeared to reference GTA VI bodily pre-orders doubtlessly going reside between Might 18 and Might 21. Whereas the dates may nonetheless shift, Wedbush stated the broader implication is important.
“Finest Purchase would not be making ready to launch a pre-order promotional marketing campaign with out the go forward from TTWO which it might solely give if it had a excessive diploma of confidence within the November launch,” the analysts wrote.
For This autumn, Wedbush expects Take-Two to report internet bookings and earnings per share on the excessive finish of steering, forecasting bookings of $1.56 billion and EPS of $0.56. That compares with firm steering of $1.51 billion to $1.56 billion in bookings and EPS of $0.46 to $0.56. Consensus estimates presently stand at $1.552 billion in bookings and $0.57 in EPS.
The agency stated cellular efficiency may present upside, citing continued power from titles together with Match Manufacturing facility!, Toon Blast, and Colour Block Jam. Wedbush additionally highlighted Zynga’s newer direct-pay checkout system as a possible driver of upper bookings and margins.
Wanting forward, analysts anticipate Take-Two administration to offer an preliminary fiscal 2027 outlook through the name, with the construction of that steering more likely to be carefully scrutinized by buyers.
Wedbush forecasts fiscal 2027 bookings of $9.4 billion and EPS of $6.40, beneath Wall Avenue’s EPS consensus of $7.97 as a consequence of anticipated launch-related advertising and amortization bills tied to GTA VI.
The agency famous its estimates solely account for about seven weeks of GTA VI gross sales earlier than the fiscal 12 months ends on March 31, leaving room for upside relying on pricing, on-line engagement, and direct-to-consumer gross sales traits.
The brokerage stated recurring income alternatives tied to GTA On-line, GTA+ subscriptions, and cellular gaming assist the next valuation a number of than in earlier console cycles.
