Pachter and Sebastian: still optimistic for THQ |
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Despite THQ's under-performance for this quarter, analysts Michael Pachter of Wedbush Morgan and Colin Sebastian of Lazard Capital Market remain optimistic for the game developer studio and maintains that the company's stock is still a "buy."THQ's revenue for this quarter was significantly lower than their initial forecast, owing to the lack of sales of two of their games in the market: Stuntman: Ignition (PS2, PS3, 360) and Juiced 2: Hot Import Nights (PS3, PS2, PSP, Xbox 360, PC, DS). This, however, did not deter Pachter who, despite lowering his estimates for THQ, says that this is not likely to happen again.
Sebastian shares the same sentiments, saying that THQ's 2009 lineup seems to be a "significant improvement," mentioning their next Pixar video game adaptation of Wall-E, Saints Row 2 and the sequel to Red Faction. He predicts that the video game for Wall-E will do much better than their Ratatouille saying: "Stated simply, robots are cuter than rats, and make for better video game fodder."
THQ has announced earlier that they will be lowering their fiscal Q2 revenue guidance from US$ 240 million to US$ 229 million, and full-year sales of US$ 1.12 billion to US$ 1.06 billion.
Via Next Generation
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Comments [refresh]
I thought it looked kinda stupid from the gameplay trailers but the demo was very entertaining. my GF even got into it by co piloting so I could prep for the next maneuver
They expect stellar sales from b-rate games. You need to take bigger risks to get the bigger sales. Sure, push out your b-rate games. They will get decent sales for the amount spent on them - but I haven't heard a single person say that they MUST OWN either game. The demos for both were crap. Stuntman - not fun for me at all... beat the demo and wasn't impressed at all. Juiced HIN seemed like the only thing that it had going for it was sponsors. And that will never make it a great game with mediocre gameplay, poor graphics, and girls to fill in for the lackluster excitement provided by the title.