NEW YORK (TheStreet) -- Shares of Take-Two Interactive Software (TTWO) were lower in late-afternoon trading on Tuesday ahead of the company's 2017 fiscal second quarter earnings, due out after Wednesday's market close.
Analysts surveyed by FactSet are looking for the New York City-based video game developer to post adjusted earnings of 30 cents per share on revenue of $402.6 million.
In the same quarter last year, Take-Two reported adjusted earnings of 30 cents per share on revenue of $364.9 million.
MKM Partners said recently that the company's second-quarter results could be helped by the launch of its NBA 2K17 game on September 20, earlier than last year's NBA 2K16 launch on September 29, 2015.
Additionally, Take-Two could benefit from "ongoing strength" in its Grand Theft Auto Online game, the firm said.
"These two drivers, combined with Civilization VI and the possible shift in some marketing expenses to fiscal 2018, could drive upside to both guidance and consensus earnings per share," the firm wrote in an analyst note.
MKM has a "buy" rating and $52 price target on Take-Two stock.
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
TheStreet Ratings rated this stock as a "hold" with a ratings score of C+.
The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall.