Analysts Remain Upbeat on THQ

Despite a handful of delays and poor sales of Stuntman: Ignition and Juiced: Hot Import Nights, analysts are still optimistic about THQ’s future.

THQ on Monday reported that it would be lowering its fiscal Q2 revenue guidance to $229 million from $240 million, and full-year sales to $1.06 billion from $1.12 billion.

The publisher attributed the shortfall to lower-than-expected sales of the latest games in the Stuntman and Juiced franchises, as well as the delay of key games into next fiscal year.

Wedbush Morgan’s Michael Pachter nevertheless maintains a "strong buy" rating for the game firm. "Although we consider the lowered guidance painful for investors, we believe that the issues with Stuntman and Juiced are isolated, and are unlikely to recur in the future," he said in an investor note today.