GTA V launch date reveal due next month, says analyst
- Posted January 30th, 2013 at 05:48 EDT by Michael Harradence
Wedbush Morgan analyst Michael Pachter has said that Take-Two may lift the wraps off Grand Theft Auto V’s release date early next month.
Specifically, Pachter predicts a release date announcement on February 5, day-and-date with Take-Two’s fiscal 2013 Q3 results.
“Grand Theft Auto V’s release date remains elusive, frustrating shareholders,” wrote the analyst.
"TTWO initially provided FY:13 EPS guidance in "excess of $2.00" in May 2011, a strong indication of GTA V's release, but conceded that it would not ship in FY:13 last August when it lowered EPS guidance for the year to $0.00 – 0.20. Investor confidence appears shaken by repeated, unexpected, and unjustified swings in profit and loss. If Rockstar is ready to confide in Take-Two management, we may learn the launch date next week."
With Rockstar only committing to a ‘spring 2013’ release date, the analyst suggested we should “expect a launch in May.”
Elsewhere, Pachter also touched on Take-Two’s recent acquisition of Evolve following the THQ auction.
"Although little is known about the co-op action game, the ≈ $11 million price tag, solid track record of Turtle Rock Studios (co-developer of the Left 4 Dead games), and Take-Two's emphasis on quality suggests a high probability of success,” he said.