Take-Two Interactive Software Launches Penny’s Big Breakaway Take-Two Interactive Software Launches Penny’s Big Breakaway

Actionable Trade Ideas

always free

Take-Two Interactive Softwareโ€™s TTWO Private Division, in collaboration with Evening Star, has released Pennyโ€™s Big Breakaway across multiple gaming platforms.

Developed by the creators of Sonic Mania, this dynamic 3D platformer introduces Penny, the protagonist, as she navigates through creatively designed levels using various skills like swinging, dashing, and flipping. Across 11 game worlds and numerous levels, Penny and her companion, Yo-Yo, strive to escape from Eddie the Emperor and his penguin army. Pennyโ€™s Big Breakaway delivers thrilling action as players strive to evade the relentless pursuit of penguin adversaries.

While Penny takes the spotlight, her loyal companion, Yo-Yo, adds an extra layer of depth to the gameplay. Yo-Yo can consume treats found throughout the game to unlock temporary power-ups, such as enhanced speed and protective shields.

Available now on multiple platforms, including Nintendo Switch, PlayStation, Xbox, and PC, Pennyโ€™s Big Breakaway is suitable for players of all ages and is rated E for Everyone by the ESRB.

Shares of this Zacks Rank #3 (Hold) company have gained 36.9% in the past year compared with the Zacks Consumer & Discretionary sectorโ€™s growth of 7.7% due to blockbuster games like FIFA and GTA.

Take-Two Interactiveโ€™s Future Game Releases

The company is preparing for multiple significant releases in 2024 and beyond. Take-Twoโ€™s upcoming game lineup includes highly anticipated titles, such as WWE 2K24, Top Troops, and Star Wars Hunters, which are expected to attract significant customer interest and potentially boost the companyโ€™s popularity.

Top Troops is a highly anticipated game, which is already attracting a lot of interest from gamers. WWE and Star Wars, being renowned franchises, are expected to break all records with their upcoming games and boost the companyโ€™s net bookings in the current fiscal year.

The Zacks Consensus Estimate for Take-Twoโ€™s fiscal 2024 total net bookings is pegged at $5.37 billion, indicating year-over-year growth of 1.65%. The Zacks Consensus Estimate for TTWOโ€™s fiscal 2024 earnings is pegged at $2.49 per share, indicating a year-over-year decline of 33.95%.

Additionally, the current fiscal year holds promise with the launch of 16 games, including a new intellectual property from a top-tier studio, aimed at staying competitive against rivals like Ubisoft Entertainment UBSFY, Disney DIS, and Microsoft MSFT.

Ubisoft Entertainment, a renowned French video game publisher known for blockbuster franchises like Assassinโ€™s Creed and Far Cry, continues to maintain a strong presence in the gaming market. Its upcoming games include titles like XDefiant and The Division Heartland.

Disneyโ€™s Marvel has seen remarkable success with its latest release of Spider-Man 2. DISโ€™ ongoing projects featuring beloved Disney characters like Wolverine and Iron Man are generating excitement among gamers.

Microsoftโ€™s Xbox, a key player in the gaming industry, is set to introduce compelling titles, such as Promenade, BroodStar, and PopSlinger, fostering intense competition across various platforms and franchises. The gaming landscape is poised for dynamic experiences in the upcoming months.

Top 5 ChatGPT Stocks Revealed

Zacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.

Today you can invest in the wave of the future, an automation that answers follow-up questions โ€ฆ admits mistakes โ€ฆ challenges incorrect premises โ€ฆ rejects inappropriate requests. As one of the selected companies puts it, โ€œAutomation frees people from the mundane so they can accomplish the miraculous.โ€

Download Free ChatGPT Stock Report Right Now >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Microsoft Corporation (MSFT) : Free Stock Analysis Report

Take-Two Interactive Software, Inc. (TTWO) : Free Stock Analysis Report

The Walt Disney Company (DIS) : Free Stock Analysis Report

UbiSoft Entertainment Inc. (UBSFY) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Swing Trading Ideas and Market Commentary

Need some new swing ideas? Get free weekly swing ideas and market commentary from Jonathan Bernstein here: Swing Trading.

Explore More

Weekly In-Depth Market Analysis and Actionable Trade Ideas

Get institutional-level analysis and trade ideas to take your trading to the next level, sign up for free and become apart of the community.