Zacks Industry Rank Analysis Highlights: Electronic Arts, Gamestop, Marvel Entertainment, Take-Two Interactive and Walt Disney
CHICAGO--(Business Wire)--
Zacks.com releases the latest Zacks Industry Rank. Stocks featured
in this week's analysis includes Electronic Arts (Nasdaq: ERTS),
Gamestop (NYSE: GME), Marvel Entertainment (NYSE: MVL), Take-Two
Interactive (Nasdaq: TTWO) and Walt Disney (NYSE: DIS). To see the
Zacks Industry Rank and the trend in earnings estimates revisions for
more than 200 industry groups, visit http://at.zacks.com/?id=3154.
Zacks Industry Rank Analysis is written by Charles Rotblut, CFA,
Senior Market Analyst for Zacks.com.
This is shaping up to be a good week for entertainment companies.
Marvel Entertainment's (NYSE: MVL) Iron Man generated box office
receipts of $100.75 million in its opening weekend, the 10th best
opening weekend ever. The performance is even more impressive when one
considers that this was the first movie the company produced
internally. (Friends are telling me that it's really good.)
Although shares of MVL jumped after last weekend's box office
numbers were announced, what might be going unnoticed is the fact that
the company also raised its full-year earnings guidance by a nickel on
Monday to between $1.35 and $1.55 per share. Notably, the new forecast
excludes the impressive performance by Iron Man.
Brokerage analysts had mostly been keeping their 2008 earnings
estimates unchanged over the past 30 days, leaving the consensus
forecast even at $1.51 per share. Interested investors should keep an
eye on Marvel's earnings estimates (http://at.zacks.com/?id=4572) to
see if Iron Man causes brokerage analysts to reassess the company's
prospects.
Take-Two Interactive (Nasdaq: TTWO) announced record sales of
Grand Theft Auto IV. Approximately six million units of the video game
have sold globally since the Apr 29 launch. The estimated retail value
of these sales...