Activision Blizzard Expected to Earn 24 Cents a Share
Activision Blizzard, Inc. (ATVI) is expected to report quarterly earnings of 24 cents a share on sales of $1.2 billion after the market closes on Thursday, based on a FactSet survey of 25 analysts.
In the same period a year ago, the company posted earnings of 38 cents a share on sales of $1.4 billion.
The stock has risen 15.7% since the company last reported earnings on Feb. 12.
Quarterly estimates have fallen less than 1 cent a share in the past month.
Activision Blizzard is currently trading at a price-to-forward-earnings ratio of 21.1 based on the 12-month estimates of 32 analysts surveyed by FactSet.
The company offered guidance of 20 cents a share on Feb. 13. Shares have risen 8.2% since then.