Over the last five trading sessions, the world of Video Games revolved around earnings releases by the top players: King Digital Entertainment plc (KING), Zynga Inc. (ZNGA) and International Game Technology (IGT). Most of the stocks performed decently, backed by earnings results and product-related news. Candy Crush Soda Saga launched on Apple’s (AAPL) iOS and Google’s Android platforms (Read More: King Digital's Candy Crush Soda Saga Now on iOS, Android).
However, stocks like Glu Mobile Inc. (GLUU), Activision Blizzard, Inc. (ATVI) and Take-Two Interactive Software Inc. (TTWO) failed to impress investors.
Top Stories Over The Last Week or So
- King Digital Entertainment reported third-quarter fiscal 2014 earnings which managed to beat the Zacks Consensus Estimate but plunged year over year given significant declines in sales revenue from its flagship product, Candy Crush Saga. Despite declining year over year, revenues surpassed the Zacks Consensus Estimate. (Read More: King Digital Tops Q3 Earnings, Revenues; Down Y/Y)
- Zynga reported a loss in the third quarter in line with the Zacks Consensus Estimate. Revenues plunged from the year-ago quarter and also missed the Zacks Consensus Estimate, owing to the absence of new and innovative product pipeline. (Read More:Zynga Reports Q3 Loss as Expected; Reiterates FY14 Outlook)
- International Game Technology reported fourth-quarter fiscal 2014 results which beat the Zacks Consensus Estimate and improved from the year-ago earnings, given significant improvements in our gross margins. Despite a substantial rise in social gaming revenues, total revenues decreased year over year but surpassed the Zacks Consensus Estimate of $523 million. (Read More: International Game Technology Tops Q4 Earnings, Sales)
- Glu Mobile recently released the third-quarter earnings and stated that the much-talked about mobile game, Kim Kardashian: Hollywood earned $43 million within the first three months of release. (Read More: Glu Mobile Earns $43M from Kim Kardashian Game in Q3)
- Activision’s Blizzard unit recently unveiled a new franchise after 17 years. This new Intellectual Property (IP) known as Overwatch is a multi-player shooter game. The beta version of the game will be released in early 2015. (Read More: Activision Unveils New IP "Overwatch" after 17 Years)
Performance
The following table shows the price movements of the major video gaming players over both the past five trading days as well as the last six months:
|
Company |
Last 5 Days |
Last 6 Months |
|
ATVI |
-1.50% |
-3.55% |
|
EA |
1.25% |
14.74% |
|
GLUU |
-0.27% |
-1.07% |
|
MSFT |
1.91% |
18.82% |
|
NTES |
6.75% |
22.22% |
|
TTWO |
-1.57% |
27.92% |
|
ZNGA |
15.68% |
-23.87% |
Over the last 5 days, Zynga remains the leading stock gaining 15.7%. Notably, the company has been trending up following the earnings release on Nov 6. The company moved up 10% on Nov 7 opening trade following the in-line earnings report for the third quarter and reaffirmed bottom-line guidance for 2014.
On the flip side, the stock that lost the most over the five trading sessions has been Take-Two Interactive Software, witnessing a 1.57% decline in its stock price.
Over the six-month period, however, Take-Two Interactive gained the maximum — nearly 28% — while Activision lost the most with a 3.6% decline.
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