Activision Blizzard Earnings Estimate

ATVI -  USA Stock  

USD 60.31  0.31  0.51%

Many public companies, such as Activision Blizzard, manage the perception of their earnings on a regular basis to make sure that analyst estimates are accurate. Future earnings calculations are also an essential input when attempting to value a firm. By analyzing Activision Blizzard's earnings estimates, investors can diagnose different trends across Activision Blizzard's analyst sentiment over time as well as compare current estimates against different timeframes.
Activision Blizzard is projected to generate 3.48 in earnings per share on the 31st of December 2021. Activision Blizzard earnings estimates module stress-tests analyst consensus about projected Activision Blizzard EPS (Earning Per Share) to derive its highest and lowest estimates based on its historical volatility. Please continue to Trending Equities.

Activision Earnings Estimates 

 
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The current Gross Profit is estimated to decrease to about 5.2 B. The current Profit Margin is estimated to decrease to 0.25
Share

Activision Blizzard Earnings Estimation Breakdown

Calculation of earning per share of Activision Blizzard is based on official Zacks consensus of 6 analysts regarding Activision Blizzard future annual earnings. Given the historical accuracy of 77.46%, the future earnings per share of Activision Blizzard is estimated to be 3.48 with the lowest and highest values of 3.31 and 3.63, respectively. Please note that this consensus of annual earnings estimates for Activision Blizzard is an estimate of EPS before non-recurring items and including employee stock options expenses
Current EPS
2.96
30th of November 2021
3.31
Lowest
Estimated EPS
3.48
3.63
Highest

Activision Blizzard Earnings Projection Consensus

Suppose the current estimates of Activision Blizzard's value are higher than the current market price of the Activision Blizzard stock. In this case, investors may conclude that Activision Blizzard is overpriced and will exhibit bullish sentiment. On the other hand, if the present value is lower than the stock price, analysts may conclude that the market undervalues the equity. These scenarios may suggest that the market is not as efficient as it should be at the estimation time, and Activision Blizzard's stock will quickly adjusts to the new information provided by the consensus estimate.
Number of AnalystsHistorical AccuracyCurrent EPSEPS Estimate for 31st of December 2021

6

77.46%

2.96

3.48

Activision Blizzard Earnings History

Earnings estimate consensus by Activision Blizzard analysts from Wall Street is used by the market to judge Activision Blizzard's stock performance. The investors also use these earnings estimates to evaluate and project the stock performance into the future in order to make their investment decisions. However, we recommend analyzing not only Activision Blizzard's upcoming profit reports and earnings-per-share forecasts but also compare them to our different valuation methods.

Activision Blizzard Quarterly Earnings Before Interest Taxes and Depreciation Amortization EBITDA

865 MillionShare
Activision Blizzard Accumulated Retained Earnings Deficit are most likely to increase significantly in the upcoming years. The last year's value of Accumulated Retained Earnings Deficit was reported at 9.69 Billion. The current Price to Earnings Ratio is estimated to increase to 38.96, while Earning Before Interest and Taxes EBIT is projected to decrease to roughly 2.3 B. The current Weighted Average Shares is estimated to increase to about 778.8 M. The current Weighted Average Shares Diluted is estimated to increase to about 786.5 M.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Activision Blizzard's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Activision Blizzard in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
57.0860.6764.26
Details
Intrinsic
Valuation
LowReal ValueHigh
54.2874.0977.68
Details
21 Analysts
Consensus
LowTarget PriceHigh
54.0095.31124.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Activision Blizzard. Your research has to be compared to or analyzed against Activision Blizzard's peers to derive any actionable benefits. When done correctly, Activision Blizzard's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Activision Blizzard.
Note that many institutional investors and large investment bankers can move markets due to the volume of Activision assets they manage. They also follow analysts to some degree and often drive overall investor sentiments towards Activision Blizzard. With so many stockholders watching consensus numbers, the difference between actual and projected earnings is one of the most critical factors driving Activision stock price in the short term.

Activision Blizzard Earnings per Share Projection vs Actual

Actual Earning per Share of Activision Blizzard refers to what the company shows during its earnings calls or quarterly reports. The Expected EPS is what analysts covering Activision Blizzard predict the company's earnings will be in the future. The higher the earnings per share of Activision Blizzard, the better is its profitability. While calculating the Earning per Share, we use the weighted ratio, as the number of shares outstanding can change over time.

Activision Blizzard Estimated Earnings per Share

For an investor who is primarily interested in generating an income out of investing in entities such as Activision Blizzard, the EPS ratio can tell if the company is intending to increase its current dividend. Although EPS is an essential tool for investors, it should not be used in isolation. EPS of Activision Blizzard should always be considered in relation to other companies to make a more educated investment decision.

Activision Quarterly Analyst Estimates and Surprise Metrics

Earnings surprises can significantly impact Activision Blizzard's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2021-11-02
2021-09-300.69870.72290.0242
2021-08-03
2021-06-300.75470.90930.154620 
2021-05-04
2021-03-310.69470.840.145320 
2021-02-04
2020-12-311.17621.220.0438
2020-10-29
2020-09-300.64930.710.0607
2020-08-04
2020-06-300.68650.970.283541 
2020-05-05
2020-03-310.37840.580.201653 
2020-02-06
2019-12-311.19221.230.0378
2019-11-07
2019-09-300.23250.320.087537 
2019-08-08
2019-06-300.2640.380.11643 
2019-05-02
2019-03-310.25010.310.059923 
2019-02-12
2018-12-311.28961.290.0004
2018-11-08
2018-09-300.50090.520.0191
2018-08-02
2018-06-300.35060.410.059416 
2018-05-03
2018-03-310.34590.380.0341
2018-02-08
2017-12-310.92770.940.0123
2017-11-02
2017-09-300.49410.60.105921 
2017-08-03
2017-06-300.30420.430.125841 
2017-05-04
2017-03-310.21310.310.096945 
2017-02-09
2016-12-310.73890.920.181124 
2016-11-03
2016-09-300.42230.520.097723 
2016-08-04
2016-06-300.42270.540.117327 
2016-05-05
2016-03-310.11660.230.113497 
2016-02-11
2015-12-310.85720.83-0.0272
2015-11-02
2015-09-300.160.210.0531 
2015-08-04
2015-06-300.080.130.0562 
2015-05-06
2015-03-310.070.160.09128 
2015-02-05
2014-12-310.880.940.06
2014-11-04
2014-09-300.130.230.176 
2014-08-05
2014-06-300.020.060.04200 
2014-05-06
2014-03-310.10.190.0990 
2014-02-06
2013-12-310.730.790.06
2013-11-06
2013-09-300.030.080.05166 
2013-08-01
2013-06-300.070.080.0114 
2013-05-08
2013-03-310.110.170.0654 
2013-02-07
2012-12-310.720.780.06
2012-11-07
2012-09-300.080.110.0337 
2012-08-02
2012-06-300.120.20.0866 
2012-05-09
2012-03-310.040.060.0250 
2012-02-09
2011-12-310.560.620.0610 
2011-11-08
2011-09-300.020.070.05250 
2011-08-03
2011-06-300.050.10.05100 
2011-05-09
2011-03-310.080.130.0562 
2011-02-09
2010-12-310.510.530.02
2010-11-04
2010-09-300.090.120.0333 
2010-08-05
2010-06-300.050.060.0120 
2010-05-06
2010-03-310.040.090.05125 
2010-02-10
2009-12-310.430.490.0613 
2009-11-05
2009-09-300.040.040
2009-08-05
2009-06-300.070.080.0114 
2009-05-07
2009-03-310.050.080.0360 
2009-02-11
2008-12-310.290.310.02
2008-11-06
2008-09-300.040.070.0375 
2008-07-31
2008-06-300.10.120.0220 
2008-05-08
2008-03-310.030.090.06200 
2008-02-07
2007-12-310.40.450.0512 
2007-11-05
2007-09-30-0.010.010.02200 
2007-08-02
2007-06-300.030.060.03100 
2007-05-31
2007-03-31-0.03-0.04-0.0133 
2007-02-07
2006-12-310.20.240.0420 
2006-11-07
2006-09-30None-0.0433None
2006-08-03
2006-06-30-0.05-0.020.0360 
2006-05-04
2006-03-31-0.04-0.010.0375 
2006-02-06
2005-12-310.180.12-0.0633 
2005-11-02
2005-09-30-0.03-0.020.0133 
2005-07-28
2005-06-30-0.01-0.00670.003333 
2005-05-05
2005-03-31None0.01None
2005-02-07
2004-12-310.160.180.0212 
2004-10-26
2004-09-300.030.050.0266 
2004-07-21
2004-06-300.010.020.01100 
2004-05-06
2004-03-31None0.01None
2004-01-28
2003-12-310.120.150.0325 
2003-11-06
2003-09-30-0.02-0.020
2003-07-22
2003-06-30None0.01None
2003-05-08
2003-03-31-0.02-0.020
2003-01-22
2002-12-310.070.080.0114 
2002-10-29
2002-09-300.010.020.01100 
2002-07-23
2002-06-300.020.040.02100 
2002-05-07
2002-03-310.010.020.01100 
2002-01-23
2001-12-310.070.080.0114 
2001-10-17
2001-09-30None0.01None
2001-07-24
2001-06-30None0.0001None
2001-05-09
2001-03-31None-0.0036None
2001-02-01
2000-12-310.050.060.0120 
2000-10-23
2000-09-300.010.010
2000-08-02
2000-06-30-0.02-0.020
2000-05-09
2000-03-310.01-0.1852-0.19521952 
2000-02-03
1999-12-310.060.060
1999-10-20
1999-09-30None0.0033None
1999-07-21
1999-06-30-0.02-0.020
1999-05-04
1999-03-310.020.020
1999-01-13
1998-12-310.050.050
1998-10-22
1998-09-30-0.01-0.010
1998-07-22
1998-06-30-0.02-0.020
1998-05-14
1998-03-31000
1998-01-23
1997-12-310.040.050.0125 
1997-10-23
1997-09-300.010.010
1997-07-24
1997-06-30-0.03-0.030
1997-05-15
1997-03-310.030.02-0.0133 
1997-01-23
1996-12-310.020.020
1996-10-23
1996-09-300.010.010
1996-07-25
1996-06-30-0.02-0.020
1996-05-15
1996-03-310.030.030

About Activision Blizzard Earnings Estimate

The earnings estimate module is a useful tool to check what professional financial analysts are assuming about the future of Activision Blizzard earnings. We show available consensus EPS estimates for the upcoming years and quarters. Investors can also examine how these consensus opinions have evolved historically. We show current Activision Blizzard estimates, future projections, as well as estimates 1, 2, and three years ago. Investors can search for a specific entity to conduct investment planning and build diversified portfolios. Please note, earnings estimates provided by Macroaxis are the average expectations of expert analysts that we track. If a given stock such as Activision Blizzard fails to match professional earnings estimates, it usually performs purely. Wall Street refers to that as a 'negative surprise.' If a company 'beats' future estimates, it's usually called an 'upside surprise.'
Please read more on our stock advisor page.
Last ReportedProjected for 2021
Accumulated Retained Earnings Deficit9.7 B10.5 B
Earning Before Interest and Taxes EBIT2.7 B2.3 B
Earnings per Basic Share 2.85  2.26 
Earnings per Diluted Share 2.82  2.24 
Price to Earnings Ratio 32.58  38.96 
Earnings Before Interest Taxes and Depreciation Amortization EBITDAB2.6 B
Earnings before Tax2.6 B2.2 B
Activision Blizzard, Inc., together with its subsidiaries, develops and publishes interactive entertainment content and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Activision Blizzard, Inc. is headquartered in Santa Monica, California. Activision Blizzard operates under Electronic Gaming Multimedia classification in the United States and is traded on NASDAQ Exchange. It employs 9500 people.

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Pair Trading with Activision Blizzard

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Activision Blizzard position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Activision Blizzard will appreciate offsetting losses from the drop in the long position's value.

Activision Blizzard Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Activision Blizzard and Blue Hat Interactive. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
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Please continue to Trending Equities. Note that the Activision Blizzard information on this page should be used as a complementary analysis to other Activision Blizzard's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Equity Search module to search for activelly traded equities including funds and ETFs from over 30 global markets.

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Is Activision Blizzard's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Activision Blizzard. If investors know Activision will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Activision Blizzard listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Activision Blizzard is measured differently than its book value, which is the value of Activision that is recorded on the company's balance sheet. Investors also form their own opinion of Activision Blizzard's value that differs from its market value or its book value, called intrinsic value, which is Activision Blizzard's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Activision Blizzard's market value can be influenced by many factors that don't directly affect Activision Blizzard's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Activision Blizzard's value and its price as these two are different measures arrived at by different means. Investors typically determine Activision Blizzard value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Activision Blizzard's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.