This week's biggest % winners & losers : Jan 10 - 14, 2022 (wk 2)

This week's top % gainers

• Healthcare: MOLN (31.89 +93.16%), IRTC (141.1 +38.4%), BCRX (15.48 +33.91%), APR (37.3 +25.5%), IMUX (11.85 +22.93%), ATIP (3.75 +20.58%), MIRM (18.74 +20.44%), THRX (11.73 +19.33%)
• Consumer Discretionary: BBIG (4.07 +76.19%), BARK (4.11 +14.8%), MLCO (11.10  +14.32%)
• Information Technology: ZNGA (8.96 +49.33%), FATH (7.89 +39.65%), CAN (5.68, 21.63%)
• Energy: NBR (115.02 +21.38%), WTI (4.39 +20.94%), WFRD (32.61 +18.93%), BTU (13.44 +18.21%)
• Industrials: PL (6.36 +18.44%)

This week's top % losers

• Materials: BHIL (4.25 -35.99%), HUDI (19.76 -33.85%), LWLG (10.43 -20.56%)
• Industrials: BRDS (3.85 -33.62%), FTCI (5.13 -24.67%)
• Information Technology: EMBK (4.52 -32.94%), OPAD (4.37 -21.54%)
• Consumer Staples: SKIN (15.24, -31.23%), DDL (8.63 -30.12%)
• Consumer Discretionary: BRLT (12.42 -30.34%), CTRN (57.36 -29.27%), HYZN (4.99 -25.3%), LIDR (3.42 -23.49%), RSI (11.72 -22.33%)
• Healthcare: EYPT (9.93 -29.62%), TNYA (10 -26.2%), KYMR (41.07 -26.08%), PACB (12.43 -25.84%), PEAR (4.36 -25.21%)

Zynga (ZNGA) to be acquired by Take-Two Interactive Software (TTWO) $12.7 billion

 

 

 

Take-Two says the deal will bolster its business in mobile games, the fastest-growing segment of the interactive entertainment industry.

New York City-based Take-Two is best known for console and PC game franchises such as "Grand Theft Auto," "Red Dead Redemption" and "NBA 2K." San Francisco-based Zynga makes mobile games such as "Empires & Puzzles," "Toon Blast," "Words With Friends" and "Zynga Poker."

Take-Two will pay a total value of $9.86 per share for Zynga, including $3.50 in cash and $6.36 in shares of TTWO stock. The transaction represents a 64% premium to Zynga's closing share price on Friday.

Deal Called 'Strategic Combination'

"This strategic combination brings together our best-in-class console and PC franchises, with a market-leading, diversified mobile publishing platform that has a rich history of innovation and creativity," Take-Two Chief Executive Strauss Zelnick said in a news release. He forecast $100 million of annual cost synergies within the first two years post-closing.

The companies expect the deal to close during the first quarter of Take-Two's fiscal 2023, which ends on June 30, 2022.

The acquisition will put Take-Two on a more even footing with its two biggest rivals — Activision Blizzard (ATVI) and Electronic Arts (EA).

Mobile game publisher Playtika (PLTK) rose 6.1% to 17.87 on speculation that it could be the next acquisition target.

=Zynga (ZNGA) reported earnings on Wed 1 May 2019 (a/h)

Zynga reports Q1 (Mar) results, beats on revs; guides Q2 revs below consensus; raises FY19 revs and bookings

• Reports Q1 (Mar) GAAP loss of $0.14 per share, may not be comparable to the S&P Capital IQ Consensus of ($0.06); revenues rose 27.4% year/year to $265 mln vs the $255.45 mln S&P Capital IQ Consensus.
• Co issues guidance for Q2, sees GAAP EPS of ($0.07), may not be comparable to ($0.03) S&P Capital IQ Consensus; sees Q2 revs of $280 mln vs. $285.82 mln S&P Capital IQ Consensus. Net increase in deferred revenue of $80 million; Bookings of $360 million; Net loss of $70 million; Adjusted EBITDA loss of $18 million
• Co issues in-line guidance for FY19, sees FY19 revs of $1.2 bln vs. $1.2 bln S&P Capital IQ Consensus, an increase of $50 million versus prior guidance. "We have also raised our bookings guidance to $1.45 billion, up 50% year-over-year and an increase of $100 million versus our prior guidance. We expect a net increase in deferred revenue of $250 million, up $188 million or 301% year-over-year. Our performance in 2019 will be primarily driven by our live services portfolio anchored by growth collectively across our five forever franchises. We have an exciting pipeline of new games under development and currently have two new games in soft launch. Our raised guidance now puts us on track to deliver our strongest annual revenue since 2012 and highest annual bookings in Zynga history. We anticipate that our bookings growth in 2019 will outpace revenue as we defer bookings primarily from our recently acquired title Empires & Puzzles, Merge Dragons!, as well as from new game launches this year. We expect this to result in a $250 million net increase in deferred revenue, which represents our largest deferred revenue build. While the release of this GAAP deferral will have a positive impact on revenue and profitability in future years, it represents a $250 million reduction in revenue, net income and Adjusted EBITDA in 2019. In 2019, we continue to anticipate pressure on our gross margins due to a higher mix of user pay versus advertising and an increase in royalties on licensed IPs. In addition, we expect to ramp our development spend on our new game pipeline and to invest in launch marketing on titles releasing in 2019. These investments will modestly weigh on our overall operating margins in 2019 but should deliver returns in future years. We continue to expect operating cash flow to grow in 2019, excluding the impact of tenant improvement payments.
• "Execution against our 2019 plan should position the company for further growth in 2020. We continue to expect low double-digit revenue and bookings growth with greater operating leverage, as our live services growth in 2020 is further enhanced by full year contributions from our 2019 new game launches. Over the next few years, we expect to make meaningful progress towards achieving margins more in-line with our peers on a like-for-like basis. 

Earnings this week : April 29 - May 3, 2019 (wk 18)

Japan's Nikkei will be closed throughout the week (six sessions) for Golden Week, which will be highlighted by the start of an imperial transition.

Monday (April 29)

• Afternoon: AKS APTS ARE BRKS BRX CACC CGNX CHE CHGG CLR CNI CNO CR ELVT EPR EQC ETH GHL GOOG HLIT HTLF INST JBT JJSF KAI LEG LNTH LOGI MEDP MGM MKSI MOH MUSA NBIX NXPI OGS OII OMF PCH PI RGA RIG SANM SBAC SSB SSD SXI TBI THC TNET TRTX TXRH VRNS WDC WRI WWD YUMC

Tuesday (April 30)

• Morning: AMRC AOS APRN ARCC ARNC AROC BHGE LSE:BP. CCEP CDK CEQP CHTR CMI CNX CNXM COP CRI CRTO CVLT DBD EAT ECA ECL EEFT EIGI EME EQM ETM ETN EXLS FDC FDP FIS FLWS GDI GE GEO GLDD GLT GLW GM GWR HCA HMST HUBB HUN I INCY IPGP IPHS IR KKR LDOS LH LL LLY LOVE LPT MA MCD MCRN MDSO MGP MLM MRK NEO NLSN NYCB OSK PCAR PFE PSX PSXP R RFP SABR SC SCL SF SHOP SMP SPG STX TECH THRM TNC TRS TRTN TTS VIVO WCG WDR WELL WH WRK ZBRA
• Tuesday: AAPL ACGL ACHC ADSW AKAM AMD AMED AMGN APAM ARLO ASH ATR AX BFAM BLKB BVN BXP CAI CAMP CB CBL CENX CHRW CMP COHR CRY CWST CXO CYH DENN DVN EIX ENLC ENPH EQR EXAS EXR FEYE FICO FISV FLEX FOE FTR GNW GRPN HCSG HUBG HURN HVT HY IPHI JKHY KBR LDL LKSD LSCC MC MDC MDLZ MDU MGRC MRCY MSTR MX MXIM NANO NATI NBR NEXA NUS OFC OKE OLN OSIS PAYC QTS QUAD REXR ROG RPAI RRD RRR SOI SSNC STAG SYX TCO TDOC TENB TEX TNDM TWLO UDR UNM USNA VNOM VRSK VRTX WES WIRE WNC ZEN

Wednesday (May 1)

• Morning: AAWW ADP AER ALNY AMCX AME AMRN ASC BDC BKI BMCH BTU CCJ CDW CG CIM CLH CLX CME CSTE CVS DIN DOC EAF EL ENBL EPD ESI ETR EXTR FTS GCI GIB GRMN HEP HLT HRS HUM IDXX IIVI IQV JCI KFRC LFUS LIVN LLL LXRX MGPI MMP MTOR NI NNN NRZ NSIT NVMI ORBC PBF PBFX PBI PNW RCL RDN RDWR SAIA SBH SEE SFS SITE SLCA SMG SO SPR SR ST STRA SXT TAP TKR TMHC TPB TRVG UFS UTHR WD WLTW WYND YUM

• Afternoon: ACAD AEGN AEL AFG AGI ALL AM ANSS APA AR AUY AWK AYX BLDP BNFT BWXT CACI CAKE CAR CASA CCRN CDAY CDE CF CHEF CLI CMPR CONE CPS CREE CRUS CSGS CZR DLB DOOR DXCM EB EQIX ES ESV EVTC EXEL EZPW FARO FIT FIVN FORM FOXF GIL H HABT HCC HCP HGV HI HIG HOLX HR HST ICLR INN INOV KAMN KW LMAT LNC LPI LSI MAA MANT MED MET MFC MITK MRO MTDR MXL MYRG NE NGVT NLY NPO NUVA O OI OTEX PDCE PDFS PDM PE PGRE PPC PRAH PRU PS PSA QCOM QLYS RGLD RPT RYI RYN SIGI SM SQ SRI SSW STAY SU SWM THG TRMB TTEK TTMI TUSK TYL VICI VNDA VVV WHD WK WLL WMB WPX WTI XPO ZNGA

Thursday (May 2)

• Morning: AAON ABC ABMD ACCO ACOR AGCO AGIO ALE APO APTV ARES ARW AVA AVP AYR BCE BERY BID BLL BSIG CBM CCOI CHD CI COT CRAI DAN DISC.A DLPH DNKN DNOW DWDP EEX EXC FLR FLOW FMS FSS GEL GNRC GPN HBI HFC HII HPP HRI IBP ICE IDA IDCC INGR IRWD ITGR JHG K KEX KIM LAMR MAC MD MGLN MNTA MPW MSCI MSGN MTRN MUR NEWM NRG NTCT NTLA NVCR OGE ONDK PCRX PEG PENN PGTI PH PPL PRFT PWR RDS.A RLGY SAGE SFM SNDR SPAR SPGI SRC SSYS STAR STFC STNG STOR TEVA TFX THS TOWR TPX TX UAA UNT USPH VMC W WCC WEX WLH WLK WLKP WP XHR XYL YETI ZEUS ZTS
• Afternoon: ACA ACIA AIV ALEX AMH AMKR AMN ANET ANIK AOSL APPF APPN ARCB ATGE ATUS ATVI BAND BGS BKH BL BLDR BRKR BZH CARB CATM CBLK CBPX CBS CC CCS CNXN CPSI CPT CRC CSLT CTSH CUB CYRX DATA DEI EBS ECOL ED EOG EPAY ERI ERII EXPE FLS FND FNKO FRT FSLR FTAI FTNT G GDDY GILD GMED GPOR GSHD HAYN HLF HTGC ICFI KLIC KWR LGND LNT LOCO LPLA LPSN LYV MATW MDRX MELI MERC MNST MPWR MRC MSI MTX MTZ NFG NP NPTN NSA OEC OLED PBA PCTY PLNT PMT PODD POST PTCT PVG RBBN REG RMAX RMD RPD SEM SHAK SHLX SIMO SPXC SRCL SWKS TDC TDS TMST TRUP TS TSE TSLX TTOO UCTT UIS UPLD USM USX VIAV VRAY WAIR WSC WTR WTS WW WYNN X XOG ZIXI

Friday (May 3)

• Morning: AMT ASIX AXL BCPC BIP CBOE D DISH ESNT FCAU GLOG HMSY IMGN ITT KOP NBL NJR NWL OPI ROCK RUTH SGMS TRP TWI VIRT WPC XRAY

=Zynga (ZNGA) reported earnings on Wed 31 Oct 2018 (a/h)

Zynga beats by $0.03, beats on revs; guides Q4 EPS, revs below consensus

• Reports Q3 (Sep) GAAP earnings of $0.01 per share, $0.03 better than the S&P Capital IQ GAAP Consensus of ($0.02); revenues rose 3.8% year/year to $233.24 mln vs the $224.54 mln S&P Capital IQ Consensus.
• Bookings were $248.9 mln vs. guidance for $248 mln
• Co announces new licensing agreement with Warner Bros. Interactive Entertainment to develop and publish a new Harry Potter Match-3 mobile game. Also announcing a multi-product licensing agreement with HBO to produce two new mobile Game of Thrones titles, the first of which will be a Social Casino Slots game.
• Co issues downside guidance for Q4, sees GAAP EPS of $0.00 vs. $0.02 S&P Capital IQ Consensus; sees Q4 revs of $235 mln vs. $258.96 mln S&P Capital IQ Consensus; sees bookings of $250 million

=Zynga Inc. (ZNGA) reported earnings on Wed 2 May 2018 (a/h)

SAN FRANCISCO (AP) _ Zynga Inc. (ZNGA) on Wednesday reported first-quarter net income of $5.6 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the San Francisco-based company said it had net income of 1 cent. Earnings, adjusted for stock option expense, were 2 cents per share.

The results met Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of 2 cents per share.

The maker of "FarmVille" and other online games posted revenue of $208.2 million in the period. Its adjusted revenue was $219.5 million, which beat Street forecasts. Four analysts surveyed by Zacks expected $213.6 million.

For the current quarter ending in July, Zynga said it expects revenue in the range of $218 million. Analysts surveyed by Zacks had expected revenue of $222.4 million.

In the final minutes of trading on Wednesday, the company's shares hit $3.64. A year ago, they were trading at $2.91.

Great trade : Zynga (ZNGA) +25% (1/14)

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