BMO Capital Markets Analyst Reacts to Grand Theft Auto V Delay

January 31, 2013 -

After announcing that Grand Theft Auto V would be getting released a little later in the year than was previously announced and expected, some financial analysts have decided to adjust their opinion on Take-Two Interactive's future earnings. One such firm is BMO Capital Markets.

BMO Capital Markets analyst Edward S. Williams said in a note to investors that Take-Two moving the upcoming launch of Rockstar's Grand Theft Auto V for the PS3 and Xbox 360 from a spring 2013 release window to Sept. 17 will have an impact:

"We are lowering our FY2014 EPS estimates - in part due to the delay of the game and partially due to higher than previously assumed expenses. For FY2014, we know expect revenue of $1.858 billion and EPS of $2.35."

As for the group's recommendation for fiscal years 2013 and 2014:

"We believe the company is poised for significant growth in FY2013 and FY2014 with the upcoming launches of several major titles, including BioShock Infinite and Grand Theft Auto V. Looking further out, we see the company's online initiatives in Asia leveraging key franchises such as NBA 2K and Civilization as a potential long-term catalyst for the company. However, uncertainty about the company's ability to consistently hit release dates gives us pause. We rates shares of TTWO Market Perform."

 


Comments

Re: BMO Capital Markets Analyst Reacts to Grand Theft Auto V ...

I can wait. I'd rather have a complete finished product over a shoddy one.

 - W

Consumer responsibility is just as important as Corporate responsibility. So, be responsible consumers.

Re: BMO Capital Markets Analyst Reacts to Grand Theft Auto V ...

So what? Let's just rush an unpolished product out there? 

 
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