Analysts: THQ Stock Drops Due To Homefront Scores
THQ had plenty of confidence in Kaos Studios' Homefront, but it seems investors aren't impressed with the critical reception.
These days, investors only want to side with the best of the best and according to review scores thus far, this new shooter doesn't cut it. THQ trading was down $1.25 (21% of its value) to $4.69 and analysts are blaming the unimpressive critic scores for the decline. The game currently holds a relatively low Metacritic rating of 72, although the PlayStation 3 version is doing a bit better at 76 (likely because there are less counted reviews for the PS3 version). Said Janco Partners analyst Mike Hickey:
"This score is a bit of a disaster for THQ and the share price today is reflecting that. The market is a quality-driven market, (and) you need at least a score of 80 and above on Metacritic to do well."
Homefront is the story of North Korea invading the US, and in the single-player campaign, we'll become a member of the America resistance as they fight the Korean People's Army. THQ has also provided players with dedicated servers for the online action. However, that being said, THQ has said they've been forced to expand those servers due to "demand," and add-on content can be expected.
You'll see our review soon. What are you expecting?
Related Game(s): Homefront
3/15/2011 9:01:15 PM John Shepard