Take-Two Interactive Software set to deliver in-line quarter as GTA VI update draws focus

Take-Two Interactive Software Inc (NASDAQ:TTWO) is acceptable to study its fiscal 4th fourth net aft the marketplace adjacent connected May 21, with investors expected to absorption heavy connected commentary surrounding the motorboat timing of Grand Theft Auto VI.

Wedbush analysts said the net telephone could correspond a cardinal “go/no-go” infinitesimal for the highly anticipated title, reiterating their ‘Outperform’ standing and $300 terms people connected the shares up of the release. Shares traded hands astatine $246 connected Friday afternoon.

“We expect an in-line print, but the telephone itself is what matters,” the analysts wrote. “This is the infinitesimal investors volition cognize whether GTA VI is inactive connected way for its November 19, 2026, release.”

Wedbush wrote that Rockstar Games historically announces large delays astir six months earlier launch, making the upcoming net telephone a captious milestone. The steadfast believes that if absorption does not hold the crippled during the call, its assurance that the November motorboat day volition clasp would emergence to much than 90%.

The analysts besides pointed to a leaked Best Buy affiliate selling email that appeared to notation GTA VI carnal pre-orders perchance going unrecorded betwixt May 18 and May 21. While the dates could inactive shift, Wedbush said the broader accusation is significant.

“Best Buy wouldn't beryllium preparing to motorboat a pre-order promotional run without the spell up from TTWO which it would lone springiness if it had a precocious grade of assurance successful the November release,” the analysts wrote.

For Q4, Wedbush expects Take-Two to study nett bookings and net per stock astatine the precocious extremity of guidance, forecasting bookings of $1.56 cardinal and EPS of $0.56. That compares with institution guidance of $1.51 cardinal to $1.56 cardinal successful bookings and EPS of $0.46 to $0.56. Consensus estimates presently basal astatine $1.552 cardinal successful bookings and $0.57 successful EPS.

The steadfast said mobile show could supply upside, citing continued spot from titles including Match Factory!, Toon Blast, and Color Block Jam. Wedbush besides highlighted Zynga’s newer direct-pay checkout strategy arsenic a imaginable operator of higher bookings and margins.

Looking ahead, analysts expect Take-Two absorption to supply an archetypal fiscal 2027 outlook during the call, with the operation of that guidance apt to beryllium intimately scrutinized by investors.

Wedbush forecasts fiscal 2027 bookings of $9.4 cardinal and EPS of $6.40, beneath Wall Street’s EPS statement of $7.97 owed to expected launch-related selling and amortization expenses tied to GTA VI.

The steadfast noted its estimates lone relationship for astir 7 weeks of GTA VI income earlier the fiscal twelvemonth ends connected March 31, leaving country for upside depending connected pricing, online engagement, and direct-to-consumer income trends.

The brokerage said recurring gross opportunities tied to GTA Online, GTA+ subscriptions, and mobile gaming enactment a higher valuation aggregate than successful erstwhile console cycles.