Square Enix (OTCMKTS:SQNXF) Shares Gap Up - Here's Why

Key Points

• Square Enix's stock price gapped up from $67.75 to $72.20 prior to trading on Friday, indicating significant market movement.
• The company had a market cap of $8.67 billion and reported quarterly earnings showing a miss on EPS expectations, posting only $0.06 versus a consensus of $0.21.
• Analysts predict that Square Enix will achieve 1.71 earnings per share for the current year, suggesting potential growth opportunities despite recent earnings miss.
• Square Enix operates primarily in the digital entertainment sector, focusing on the development and management of computer games across various markets.

Square Enix Holdings Co., Ltd. (OTCMKTS:SQNXF - Get Free Report)'s stock price gapped up prior to trading on Friday . The stock had previously closed at $67.75, but opened at $72.20. Square Enix shares last traded at $72.20, with a volume of 145 shares traded.

Square Enix Trading Up 6.6%

The firm has a market cap of $8.67 billion, a P/E ratio of 54.70 and a beta of 0.60. The business's fifty day simple moving average is $66.37 and its 200-day simple moving average is $53.00.

Square Enix (OTCMKTS:SQNXF - Get Free Report) last announced its quarterly earnings results on Wednesday, May 14th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.21 by ($0.15). The firm had revenue of $506.53 million during the quarter, compared to the consensus estimate of $531.54 million. Square Enix had a return on equity of 7.72% and a net margin of 7.45%. Analysts anticipate that Square Enix Holdings Co., Ltd. will post 1.71 earnings per share for the current year.

About Square Enix

Square Enix Holdings Co, Ltd. operates in the content and service businesses in Japan and internationally. It operates through Digital Entertainment Business, Amusement Business, Publishing Business, and Rights Property Business. The company plans, develops, sells, and manages digital entertainment content primarily in the form of computer games.

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