ATVI Reports Earnings After the Bell

Activision, Inc. (Activision Blizzard) is a worldwide publisher of online, personal computer (PC), console, handheld, and mobile interactive entertainment products. ATVI is currently trading around $20 in a 52 week range of $16.06 – 24.18. The company’s stock has been outperforming the NASDAQ this year with shares increasing 4.29% year to date, however shares have traded down 11.57% in the last 3 months.

ATVI will report earnings today, Tuesday, November 4th after the closing bell. According to Zacks Investment Research, based on 3 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.09. The reported EPS for the same quarter last year was $0.07.

Looking at the company’s earnings history, ATVI has traded bullish 5 of the last 8 quarters. On average, the stock has moved about 5.8% in the last 8 quarters as a result of earnings releases.  This earnings season, market makers are implying about a +- 8% move in the stock for the November 7 option chain. ATVI is currently trading under the Ichimoku Cloud on the daily chart, and has been trading in bearish territory since mid-September.