NEW YORK (TheStreet) -- Activision Blizzard (ATVI) shares are up 0.75% to $22.92 in trading on Wednesday ahead of the release of the video game maker's first quarter earnings results after the closing bell today.
Analysts on average are expecting the company to report earnings of 7 cents per share, a 12 cent decline from the 19 cents per share the company reported earning in the year ago period. The company is also expected to generate revenue of $655.8 million. a 16.1% decline from the $772 million the company generated a year ago.
The maker of the popular 'Starcraft' and 'Warcraft' computer games has topped analysts' financial expectations for the past eight consecutive quarters.
Fellow video game maker Electronic Arts (EA) reported its quarterly results yesterday, topping analysts 33 cent per share earnings expectations with an EPS of 39 cents per share.
TheStreet Ratings team rates ACTIVISION BLIZZARD INC as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:
"We rate ACTIVISION BLIZZARD INC (ATVI) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, increase in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity."