Pachter: “Grand Theft Auto 5 Release Date Announcement on February 5th”

Wedbush analyst Michael Pachter always has a useful nugget or two of information to offer based on current financial holdings. This time around, he suggests that the release date for Grand Theft Auto 5 will be revealed on February 5th when Take Two Interactive reveals it’s fiscal 2013 Q3 results.

“TTWO initially provided FY:13 EPS guidance in “excess of $2.00” in May 2011, a strong indication of GTA V’s release, but conceded that it would not ship in FY:13 last August when it lowered EPS guidance for the year to $0.00 – 0.20.

“Investor confidence appears shaken by repeated, unexpected, and unjustified swings in profit and loss. If Rockstar is ready to confide in Take-Two management, we may learn the launch date next week.”

He also suggests that the release date could be somewhere in May, which sounds about right considering the rumours and Rockstar’s own communications in the past few months.

Grand Theft Auto 5 will be heading to Xbox 360 and PS3, with a possible PC release down the line.

Source: Videogamer