The biggest question for Take-Two Interactive Software Inc. executives would be the same for gamers and Wall Street analysts: When is the next “Grand Theft Auto” going to drop?
Take-Two’s TTWO blockbuster game is due for its first new iteration in nearly a decade, and Wall Street analysts have definitely taken note, even diving into hacked materials for earnings projections. B of A Securities analyst Omar Dessouky believes “markets could start to price in the inflection in May/June, around when we expect a GTA 6 trailer and initial release date to drop.” As Take-Two approaches the end of its 2023 fiscal year in March, he estimates that the launch of Grand Theft Auto VI will contribute about $4 a share to Take-Two’s EPS in fiscal 2025.
Take-Two executives could guide analysts more cautiously after third-quarter earnings on Monday afternoon, following disappointing delays in earlier years that happen across the industry. Electronic Arts Inc. EA delayed the release of “Star Wars Jedi: Survivor” in its earnings report a week ahead of Take-Two.
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