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3 Earnings Reports That Are on Tap Next Week

Earnings season isn't over yet, as these companies are hot ones to watch

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Earnings Reports to Watch: Take Two Interactive (TTWO)

Earnings Reports to Watch: Take Two Interactive (TTWO)
Source: Via Rockstar

Before its last earnings report, I outlined the many reasons to bet on TTWO stock, even if shares seemed a bit frothy. I pointed to its portfolio, which includes hits like Grand Theft Auto V and NBA 2K17, and liked the growth in digital delivery and overall uptrend in gamer spending. TTWO didn’t disappoint.

Since the start of the year, TTWO has gained 34%, tallying an 85% expansion over the past 12 months. The question, though, is whether the run will continue when Take Two reports on May 23.

Analysts are expected 24% earnings growth on 4% sales growth for the most recent quarter. Because of the recent stock gains, any disappointment could send share sliding. TTWO is already trading for a forward price-earnings ratio of 24 compared to long-term earnings growth of just 17. As long as TTWO posts another impressive quarter, investors will likely be okay with the froth.

But if shares do cool off due to earnings? Savvy investors will be ready to pounce.

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Article printed from InvestorPlace Media, http://investorplace.com/2017/05/3-earnings-reports-that-are-on-tap-next-week/.

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