Pachter lowers quarter forecast for THQ

Posted Oct 20, 2007 at 9:54AM EST by QJ Staff

Listed in: Magazines, News Tags: Michael Pachter, Mike Hickey, THQ

Pachter lowers forecast for THQ - Image 1

Analyst Michael Pachter of Wedbush Morgan, popular for making infamous (and oft accurate, like the PS3 price cut) predictions, may be making another one by predicting that game developer studio THQ will have a significantly lower performance than was first predicted.

THQ, who owns Company of Heroes and Supreme Commander and the upcoming games Saints Row 2 (PS3, 360) and MX vs. ATV Unleashed (Xbox 360, PS2, PS3, PSP, Wii, DS), was once given a forecast of US$ 244 million for this quarter and US$ 1.15 billion for the fiscal year. Pachter lowered these estimates to US$ 225 million for the quarter and US$ 1.09 for the year.

The lowered estimates are due to the underperformance of THQ's games Stuntman: Ignition (PS2, PS3, 360) and Juiced 2: Hot Import Nights (PS3, PS2, PSP, Xbox 360, PC, DS), and also their video game adaptation for Pixar's Ratatouille. Their earlier Pixar video game Cars performed very well in the market but Ratatouille failed to to live up to the success.

THQ once claimed that fees for making video games of owned intellectual properties (like Ratatouille) would be compensated with sales of the game. However, Mike Hickey of Janco has questioned this claim. He believes their line-up is overshadowed by the success of more popular games like Halo 3, Call of Duty 4 and Bioshock.

Furthermore, Hickey believes that THQ's casual games market will also be overshadowed by other more popular releases. He backs this up by saying that no THQ titles show up in the 50 top selling Wii games in Amazon. He concludes by saying it'll take "several more years of next-gen (that is, PS3 and Xbox 360 games) installed base maturity" before the line-up of casual games can get "meaningful traction."

Via Gamasutra

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