Earnings Preview: Technology Companies Reporting Tuesday

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 |  Includes: ATVI, DOX, IL, TTWO
by: Robert Weinstein

Activision Blizzard, Inc. (NASDAQ:ATVI) is expected to report earnings for last fiscal quarter after the closing bell on November 8, 2011.

Activision Blizzard publishes online, personal computer, console, handheld, and mobile games of interactive entertainment worldwide. ATVI trades an average of 8.8 million shares per day.

52-Week High: $13.65
52-Week Low: $10.40
Book Value: $11.10
Float Short: 3.67%

On average, analysts are expecting a drop of $-0.08 in earnings per share compared to last quarter's results of $0.10. The reporting quarter's estimated mean earnings are $0.02 per share.

The P/E ratio has come down, as the current trailing twelve months (ttm) P/E ratio is 23.5, while the forward P/E ratio is now 16.7. It appears based on the lower PE that investors are pricing in less growth. Looking at the price movement over the last month, the stock has moved higher in price 6.44%, and changing from last year at this time 16.86%.

The stock has done well as compared to the overall market. When comparing to the S&P 500, the year-to-date difference is 7.26%.

The company has rising revenue year-over-year of $4.45 billion for 2010 vs. $4.28 billion for 2009. The bottom line has rising earnings year-over-year of $418.00 million for 2010 vs. $113.00 million for 2009. The company's earnings before income and taxes are rising, with an EBIT year-over-year of $469.00 million for 2010 vs. $-26.00 million for 2009.

Here is a look at the fiscal year revenue:

paid2trade.com revenue gross bar chart for ATVI Click to enlarge

Gross reported revenue compared to the mean estimate (rounded).

Fiscal Quarter Ending Month-Year Revenue Estimates Actual $ Difference Difference %
Jun-11 $ 600.74 M $ 699.00 M $ 98.26 M 16.36%
Mar-11 $ 668.94 M $ 755.00 M $ 86.06 M 12.87%
Dec-10 $ 2.36 B $ 2.55 B $ 183.07 M 7.74%
Sep-10 $ 750.59 M $ 857.00 M $ 106.41 M 14.18%
Jun-10 $ 718.91 M $ 683.00 M $ -35.91 M -5%
Click to enlarge
M = millions, B = billions.
Differences are rounded.
Some one-time items are often excluded in reported EPS.

paid2trade.com Quarterly Estimates And Actual EPS results ATVI Click to enlarge

Reported earnings per share compared to the mean estimate. Differences are rounded.

The total short interest number of shares for ATVI:

paid2trade.com short interest tool. The total short interest number of shares for ATVI Click to enlarge

The number of days to cover short interest based on average daily trading volume for ATVI.

paid2trade.com number of days to cover short interest based on average daily trading volume for ATVI Click to enlarge

Take-Two Interactive (NASDAQ:TTWO) is scheduled to release last fiscal quarter's results after the closing bell on November 8, 2011.

Take-Two Interactive publishes, develops, and distributes interactive entertainment software, hardware, and accessories worldwide. The company was founded in 1993 and is headquartered in New York, New York. TTWO trades an average of 1.4 million shares per day.

52-Week High: $17.58
52-Week Low: $10.62
Book Value: $7.12
Float Short: 12.04%

On average, analysts are expecting a drop of $-0.65 in earnings per share compared to last quarter's results of $0.02. The number to beat is $-0.63 per share, based on the estimated mean earnings. Analyst estimates range between $-0.85 and $-0.31 per share.

The P/E ratio has dropped, as the current trailing twelve months (ttm) P/E ratio is 106, while the forward P/E ratio is now 26.8. It appears based on the lower PE that investors are pricing in less growth. The stock has performed very well lately. After bouncing off lows put in during the middle of August, Take-Two has steadly trended higher.

From a month ago, the stock has increased in price 12.85%, and changing from last year at this time 42.09%. With a double-digit gain compared to stocks in general, the stock shares did very well as compared to the overall stock market. When comparing to the S&P 500, the year-to-date change is 29.28%.

Revenue year-over-year has decreased to $1.14 billion for 2011 vs. $1.16 billion for 2010. The bottom line has rising earnings year-over-year of $48.46 million for 2011 vs. $42.59 million for 2010. The company's earnings before income and taxes are falling, with an EBIT year-over-year of $77.14 million for 2011 vs. $80.24 million for 2010.

Here is a look at the fiscal year revenue:

paid2trade.com revenue gross bar chart for TTWO Click to enlarge

Gross reported revenue compared to the mean estimate (rounded).

Fiscal Quarter Ending Month-Year Revenue Estimates Actual $ Difference Difference %
Jun-11 $ 349.74 M $ 334.38 M $ -15.36 M -4.39%
Mar-11 $ 148.09 M $ 182.26 M $ 34.17 M 23.07%
Dec-10 $ 310.97 M $ 334.26 M $ 23.29 M 7.49%
Oct-10 $ 321.96 M $ 373.70 M $ 51.74 M 16.07%
Jul-10 $ 300.67 M $ 354.08 M $ 53.41 M 17.76%
Click to enlarge
M = millions, B = billions.
Differences are rounded.
Some one-time items are often excluded in reported EPS.

paid2trade.com Quarterly Estimates And Actual EPS results TTWO Click to enlarge

Reported earnings per share compared to the mean estimate. Differences are rounded.

The total short interest number of shares for TTWO:

paid2trade.com short interest tool. The total short interest number of shares for TTWO Click to enlarge

The number of days to cover short interest based on average daily trading volume for TTWO.

paid2trade.com number of days to cover short interest based on average daily trading volume for TTWO Click to enlarge

Amdocs Limited (NASDAQ:DOX) is expected to report earnings for last fiscal quarter after the closing bell on November 8, 2011.

Amdocs Limited, through its subsidiaries, provides software and services to the communications, media, and entertainment industry service providers worldwide. The company was founded in 1988 and is based in Chesterfield, Missouri.

52-Week High: $32.00
52-Week Low: $25.41
Book Value: $16.52
Float Short: 0.89%

On average, 11 analysts are expecting a drop of $-0.04 in earnings per share compared to last quarter's results of $0.61. The estimated mean earnings are $0.57 per share.

The P/E ratio has come down, as the current trailing twelve months (ttm) P/E ratio is 18.1, while the forward P/E ratio is now 14.

The stock has moved higher in price 10.19% in the last month, and changing from last year at this time 2.00%. The stock is performing extremely well when compared to the general stock market up to this point. When comparing to the S&P 500, the year-to-date positive change is 11.08%.

For the same fiscal period year-over-year, revenue has improved to $2.98 billion for 2010 vs. $2.86 billion for 2009. The bottom line has rising earnings year-over-year of $343.91 million for 2010 vs. $326.18 million for 2009. The company's earnings before income and taxes are rising, with an EBIT year-over-year of $410.43 million for 2010 vs. $367.32 million for 2009.

Here is a look at the fiscal year revenue:

paid2trade.com revenue gross bar chart for DOX Click to enlarge

Gross reported revenue compared to the mean estimate (rounded).

Fiscal Quarter Ending Month-Year Revenue Estimates Actual $ Difference Difference %
Jun-11 $ 797.84 M $ 801.41 M $ 3.57 M 0.45%
Mar-11 $ 781.83 M $ 788.93 M $ 7.10 M 0.91%
Dec-10 $ 770.01 M $ 775.18 M $ 5.17 M 0.67%
Sep-10 $ 763.47 M $ 762.19 M $ -1.28 M -0.17%
Jun-10 $ 757.91 M $ 753.25 M $ -4.66 M -0.61%
Click to enlarge
M = millions, B = billions.
Differences are rounded.
Some one-time items are often excluded in reported EPS.

paid2trade.com Quarterly Estimates And Actual EPS results DOX Click to enlarge

Reported earnings per share compared to the mean estimate. Differences are rounded.

The total short interest number of shares for DOX:

paid2trade.com short interest tool. The total short interest number of shares for DOX Click to enlarge

The number of days to cover short interest based on average daily trading volume for DOX.

paid2trade.com number of days to cover short interest based on average daily trading volume for DOX Click to enlarge

IntraLinks Holdings, Inc. (NYSE:IL) is scheduled to release last fiscal quarter's results after the closing bell on November 8, 2011.

IntraLinks Holdings, Inc., together with its subsidiaries, provides software-as-a-service (SaaS) solutions for securely managing content, exchanging critical business information, and collaborating within and among organizations worldwide. The company was founded in 1996 and is headquartered in New York, New York.

52-Week High: $32.25
52-Week Low: $6.00
Float Short: 6.48%

A beat of $0.10 per share will top the estimated mean earnings. Analyst estimates range between $0.09 and $0.11 per share.

For the same fiscal period year-over-year, revenue has improved to $184.33 million for 2010 vs. $140.7 million for 2009. The bottom line has rising earnings year-over-year of $-12.44 million for 2010 vs. $-24.77 million for 2009. The company's earnings before income and taxes are rising, with an EBIT year-over-year of $11.20 million for 2010 vs. $-3.35 million for 2009.

Here is a look at the fiscal year revenue:

paid2trade.com revenue gross bar chart for IL Click to enlarge

Gross reported revenue compared to the mean estimate (rounded).

Fiscal Quarter Ending Month-Year Revenue Estimates Actual $ Difference Difference %
Jun-11 $ 52.16 M $ 53.34 M $ 1.18 M 2.26%
Mar-11 $ 53.01 M $ 52.41 M $ -0.60 M -1.13%
Dec-10 $ 49.32 M $ 52.12 M $ 2.80 M 5.68%
Sep-10 $ 46.25 M $ 47.87 M $ 1.62 M 3.5%
Click to enlarge
M = millions, B = billions.
Differences are rounded.
Some one-time items are often excluded in reported EPS.

paid2trade.com Quarterly Estimates And Actual EPS results IL Click to enlarge

Reported earnings per share compared to the mean estimate. Differences are rounded.

The total short interest number of shares for IL:

paid2trade.com short interest tool. The total short interest number of shares for IL Click to enlarge

The number of days to cover short interest based on average daily trading volume for IL.

paid2trade.com number of days to cover short interest based on average daily trading volume for IL Click to enlarge

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.