Market Overview

NPD's Video Game Sales Data For September: What To Expect

Share:
NPD's Video Game Sales Data For September: What To Expect

The NPD Group will release its September video game sales report on Oct. 12, which is expected to show the video game industry having benefited from a mid-teens increase, said Stifel's Drew Crum. In fact, the upcoming report is considered to be of "greater interest" for investors, as it includes a few key AAA titles that were recently released, including "Destiny 2," "NBA 2K18" and "FIFA 18."

Overall video game sales should show a gain of 20 percent or more on a year-over-year basis, Crum stated. But the hardware category will likely show a double-digit decline although the Nintendo Switch gained further traction. It is important to note that the same period a year ago was boosted by the Xbone S and PS4 Slim, which were relatively new at the time.

tipranks.png

The analyst also made the following projections for third-party publishers for the month of September:

  • Activision Blizzard, Inc. (NASDAQ: ATVI): sales of $90 million ($20 million a year ago) reflecting the launch of "Destiny 2."
  • Electronic Arts Inc. (NASDAQ: EA): sales of approximately $80 million amid "modest growth" for "Madden NFL" and slightly lower results for "FIFA 18."
  • Take Two Interactive Software Inc (NASDAQ: TTWO): Retail sales will likely be down in the high-single digits to around $100 million despite gains in the "NBA 2K" franchise.

Related Links:

Barclays Likes EA, Take-Two Among Gamer Stocks

Game Names Looking Attractive; Goldman Likes EA And Take-Two Interactive

Latest Ratings for ATVI

DateFirmActionFromTo
Jan 2020MaintainsOverweight
Jan 2020MaintainsBuy
Jan 2020ReiteratesBuy

View More Analyst Ratings for ATVI
View the Latest Analyst Ratings

Posted-In: Drew Crum Nintendo Switch Stifel Video Game MakersAnalyst Color Top Stories Analyst Ratings Tech Best of Benzinga

 

Related Articles (ATVI + EA)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
CZRMorgan StanleyMaintains14.0
WYNNMorgan StanleyMaintains152.0
LVSMorgan StanleyMaintains72.0
GLPIMorgan StanleyMaintains50.0
ERIMorgan StanleyMaintains68.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com