Third quarter earnings of $1.24 per share estimated for Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Take-Two Interactive Software, Inc. (NASDAQ:TTWO)'s forecasted earnings per share for the third quarter ending in December 2014, have seen a cutback by the financial markets and now ranging between $0.95 and $1.52 per share with a consensus of $1.24 per share.RECOMMENDATIONS

• A buy is the consensus recommendation for Take-Two Interactive Software, Inc. (NASDAQ:TTWO).
• The recommendations made by twenty analysts evaluating the company include three strong buy, seven buy and ten hold.
• The average consensus recommendation for the Software & EDP Services peer group is a buy.

FORECAST CHANGES

• At the present time, nineteen analysts provide Thomson Reuters I/B/E/S with estimates.
• Within the last week, two upward revisions were made and two downward revisions.
• Three upward revisions and four downward revisions were made to estimates in the last four weeks.
• In the last four weeks, the consensus earnings per share estimate has fallen from $1.27 per share.
• The high estimate four weeks ago was $2.30 and the low estimate was $0.95.

YEAR OVER YEAR

• Current quarter consensus estimate of $1.24 per share implies a change of -27.35% from the same quarter last year when the company earned $1.70 per share.
• Earnings for the peer group are expected to fall below the same quarter last year and have been revised downward over the last four weeks.

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) is soaring, up over 10.5% in afternoon trade to $25.24.