Wedbush Morgan, Lazard analyze THQ’s future
A report from art-of-gaming advocates Gamasutra summarized a two-way, third-party analysis on THQ‘s recent unveiling of their optimistic financial performance in the long concluded fiscal year of 2007. Wedbush Morgan and Lazard both agreed that THQ will eventually succeed by FY 2009, despite their speculation of a “challenging” FY 2008.
According to Wedbush Morgan’s Michael Pachter, THQ’s real success story will unfold by 2009, even while THQ stands a chance to set a record once again in FY 2008 with its lineup of franchises. In fact, Pachter was very confident in the company’s current focus on Wii and DS titles.
“We expect the industry to grow by 16% next year. If THQ can grow revenues by 15% from the midpoint of its guidance, it will deliver $1.3 billion of revenues in FY:09,” said Pachter. In contrast, Lazard’s analysis sees a good future for the pro-creativity publisher, but a slightly more challenging path to gaining and maintaining market share for 2008.
Lazard places their estimates at a similar $ 1.3 billion by 2009, noting a short climb from their estimate of $ 1.135 billion on 2008. Lazard’s Colin Sebastian added, “in order to hit these targets, we still believe THQ will need to execute well across the board.”
Via Gamasutra
A report from art-of-gaming advocates Gamasutra summarized a two-way, third-party analysis on THQ‘s recent unveiling of their optimistic financial performance in the long concluded fiscal year of 2007. Wedbush Morgan and Lazard both agreed that THQ will eventually succeed by FY 2009, despite their speculation of a “challenging” FY 2008.
According to Wedbush Morgan’s Michael Pachter, THQ’s real success story will unfold by 2009, even while THQ stands a chance to set a record once again in FY 2008 with its lineup of franchises. In fact, Pachter was very confident in the company’s current focus on Wii and DS titles.
“We expect the industry to grow by 16% next year. If THQ can grow revenues by 15% from the midpoint of its guidance, it will deliver $1.3 billion of revenues in FY:09,” said Pachter. In contrast, Lazard’s analysis sees a good future for the pro-creativity publisher, but a slightly more challenging path to gaining and maintaining market share for 2008.
Lazard places their estimates at a similar $ 1.3 billion by 2009, noting a short climb from their estimate of $ 1.135 billion on 2008. Lazard’s Colin Sebastian added, “in order to hit these targets, we still believe THQ will need to execute well across the board.”
Via Gamasutra
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