Take 2 Interactive has revealed that it expects to meet or exceed First Call Consensus EPS Estimates when it announces its financial results for the quarter ended July 31, 2000. The company will make the announcement on August 24 and will hold a conference call to discuss the financial release at 5pm on the same day. The EPS estimate is currently set at US$0.11 per fully diluted share.
Individual Investor research analyst Will Frankenhoff said that he "sees three catalysts that can move Take-Two's shares in upcoming months: the release of earnings on August 24th that should reassure investors, the US release of PlayStation 2 in late October, and the European IPO of the company's Broadband Studio division." The investment group has set a buy rating on Take Two and has set a price target of US$20. Take Two shares are currently valued at approximately US$9.
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