Activision Blizzard, Inc. (ATVI) - Get Report is expected to report quarterly earnings of 24 cents a share on sales of $1.2 billion after the market closes on Thursday, based on a FactSet survey of 25 analysts.
In the same period a year ago, the company posted earnings of 38 cents a share on sales of $1.4 billion.
The stock has risen 15.7% since the company last reported earnings on Feb. 12.
Quarterly estimates have fallen less than 1 cent a share in the past month.
Activision Blizzard is currently trading at a price-to-forward-earnings ratio of 21.1 based on the 12-month estimates of 32 analysts surveyed by FactSet.
The company offered guidance of 20 cents a share on Feb. 13. Shares have risen 8.2% since then.
Jim Cramer and the AAP team are watching the entertainment sector. To find out more about what stocks they like in the industry click here now to get more from Action Alerts PLUS.
Introducing TheStreet Courses: Financial titans Jim Cramer and Robert Powell are bringing their market savvy and investing strategies to you. Learn how to create tax-efficient income, avoid top mistakes, reduce risk and more. With our courses, you will have the tools and knowledge needed to achieve your financial goals. Learn more about TheStreet Courses on investing and personal finance here.