MSFT to GME: Five top gaming stocks to explore in Q2

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MSFT to GME: Five top gaming stocks to explore in Q2

MSFT to GME: Top gaming stocks to explore in Q2
Image source: © Atmosphere1 | Megapixl.com

Highlights:

  • Microsoft Corporation (NASDAQ: MSFT) revenue increased by 18% YoY in Q3, FY22.
  • Activision Blizzard, Inc. (NASDAQ: ATVI) reported revenue of US$1.76 in Q1, FY22.
  • Electronic Arts Inc. (NASDAQ: EA) will report its Q4 and fiscal 2022 results on May 10.

The gaming industry supplies video game hardware and software. It is a large, fast-growing sector driven by innovation and robust investments. During the pandemic, the industry saw significant gains as people splurged on video games since outdoor activities were restricted.

Here we explore some of the top gaming companies to keep an eye on in Q2.

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Microsoft Corporation (NASDAQ: MSFT)

Microsoft Corporation is one of the world’s leading technology companies specializing in personal computers, gaming and entertainment consoles, computer software, etc. The company is based in Redmond, Washington.

The shares of the company traded at US$284.01 at 11:03 am ET on April 29, down 1.94% from their closing price of April 28. Its stock value decreased by 13.48% YTD.

The firm has a market cap of US$2.12 billion, a P/E ratio of 29.63, and a forward one-year P/E ratio of 31.04. Its EPS is US$9.58.

The 52-week highest and lowest stock prices were US$349.67 and US$238.07, respectively. Its trading volume was 33,646,570 on April 28.

The company's revenue increased by 18% YoY to US$49.4 billion in Q3, FY22. Its GAAP net income came in at US$16.72 billion, or US$2.22 per diluted share, as compared to US$14.83 billion, or US$1.95 per diluted share in the year-ago quarter.

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Top gaming stocks to explore in Q2Source: Pixabay

Activision Blizzard, Inc. (NASDAQ: ATVI)

Activision Blizzard is a video game company based in Santa Monica, California. It provides interactive entertainment content and services.

The stock of the company traded at US$76.265 at 11:07 am ET on April 29, down by 0.57% from its previous closing price. The ATVI stock rose 13.76% YTD.

The market cap of the company is US$59.35 billion, the P/E ratio is 24.1, and the forward one-year P/E ratio is 27.99. Its EPS is US$3.16.

The stock saw the highest price of US$99.46 and the lowest price of US$56.40 in the last 52 weeks. Its share volume on April 28 was 8,164,756.

On a GAAP basis, the company reported net revenue of US$1.76 billion in Q1, FY22, as compared to US$2.27 billion in the year-ago quarter. Its net income came in at US$395 million, or US$0.50 per diluted share, as compared to US$619 million, or US$0.79 per diluted share in the year-ago quarter.

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Take-Two Interactive Software, Inc. (NASDAQ: TTWO)

Take-Two Interactive is a New York-based company that develops, publishes, and sells interactive entertainment to consumers globally. Its top products include Rockstar Games, 2K, etc.

The shares of the company traded at US$122.47 at 11:11 am ET on April 29, down 0.62% from their closing price of April 28. Its stock value fell 31.01% YTD.

The firm has a market cap of US$14.12 billion, a P/E ratio of 27.14, and a forward one-year P/E ratio of 33.85. Its EPS is US$4.51.

The 52-week highest and lowest stock prices were US$195.82 and US$120.28, respectively. Its trading volume was 2,609,952 on April 28.

The company will report its fourth-quarter fiscal 2022 financial results on May 16, after the market close.

Meanwhile, in the third quarter of fiscal 2022, the company's revenue increased by 5% YoY to US$903.3 million. Its net income was US$144.49 million, or US$1.24 per diluted share, as compared to US$182.24 million, or US$1.57 per diluted share in Q3, FY21.

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Electronic Arts Inc. (NASDAQ: EA)

Electronic Arts is a digital interactive entertainment and video game company specializing in video games and entertainment content and services. It is based in Redwood City, California.

The stock of the company traded at US$120.75 at 11:25 am ET on April 29, down 2.16% from its previous closing price. The EA stock slipped 8.55% YTD.

The market cap of the company is US$33.95 billion, the P/E ratio is 54.38, and the forward one-year P/E ratio is 22.52. Its EPS is US$2.22.

The stock saw the highest price of US$148.93 and the lowest price of US$117.58 in the last 52 weeks. Its share volume on April 28 was 1,662,976.

The company will report its fourth quarter and fiscal 2022 financial results on May 10, after the closing bell.

Meanwhile, in the third quarter of fiscal 2022, the company had net revenue of US$1.78 billion, as compared to US$1.67 billion in the year-ago quarter. Its net income came in at US$66 million, or US$0.23 per diluted share, as compared to US$211 million, or US$0.72 per diluted share in the year-ago quarter.

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Gaming stocks: MSFT, ATVI, TTWO, EA, GME

GameStop Corporation (NYSE: GME)

GameStop Corporation is one of the most popular video game and consumer electronics retail companies. It is based in Grapevine, Texas.

The shares of the company traded at US$128.04 at 11:54 am ET on April 29, down 0.98% from their closing price of April 28. Its stock value declined 15.4% YTD.

The firm has a market cap of US$9.77 billion, and a forward one-year P/E ratio of -26.23. Its EPS is US$-5.19.

The 52-week highest and lowest stock prices were US$344.66 and US$77.58, respectively. Its trading volume was 1,771,223 on April 28.

The company reported net sales of US$2.25 billion in Q4, FY21, while its net loss came in at US$147.5 million, or US$1.94 per diluted share. For fiscal 2021, the company generated net sales of US$6.01 billion.

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Bottom line:

Although the gaming sector has performed well during the pandemic, it faces several challenges due to supply chain disruptions, geopolitical strife, and macroeconomic issues.

These factors have dented the market sentiment in recent months. However, investors should exercise due diligence before investing in the stock market.

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