Analyst: Majesco’s New Zumba Will Not Be the Company’s Next “Hit”
The following is an excerpt from a report compiled by Michael Pachter of Wedbush Securities.
Majesco (NASDAQ:COOL) will report Q3:13 (ending July) results after the market close on Monday, September 9, with a conference call at 1:30pm PT (dial-in: 800-860-2442, webcast: ir.majescoentertainment.com).
We expect Q3 results below our estimates and consensus. Our estimates are for revenue of $15 million and EPS of $(0.03), vs. consensus of $9 million and $(0.07). Majesco did not provide Q3 guidance. The consensus revenue estimate implies sell-in was down slightly y-o-y, but Majesco’s sell-through figure according to NPD was down 60%. We expect actual results to be above the level implied by NPD due to sell-in of Phineas and Ferb: Quest for Cool Stuff (August release) and Zumba Fitness: World Party (October), but likely not high enough to reach the consensus estimate.