In 2020, EA’s revenue was $5.63 billion, an increase of 1.66% compared to the previous year’s $5.54 billion. Get stock recommendations, https://corporatefinanceinstitute.com/resources/careers/companies/top-banks-in-the-usa/ portfolio guidance, and more from The Motley Fool’s premium services. EA earnings call for the period ending December 31, 2019.
TheStreet lowered shares of Electronic Arts from a “b” rating to a “c+” rating in a research report on Tuesday, February 1st. Wells Fargo & Company lowered their price target on shares of Electronic Arts from $175.00 to $155.00 and set an “equal weight” rating for the company in a research https://dotbig.com/markets/stocks/EA/ report on Wednesday, February 2nd. Wedbush reduced their price objective on shares of Electronic Arts from $180.00 to $164.00 in a report on Wednesday. Finally, Cowen reduced their price objective on shares of Electronic Arts from $180.00 to $158.00 in a report on Wednesday.
Electronic Arts Inc’s Related Articles & News
Fidelity Growth Strategies keeps the risks of mid-cap growth investing in check. The narrow-moat company posted a strong finish to fiscal 2018, driven largely by console gaming. Investchronicle.com is an Economic news website, which offers broad information about the Stock markets and Equities. The major emphasis of this platform is to present, the most practical recommendation for public and private capital sharing, both in the form of updates and detailed analysis. The stock is trading at roughly 15 forward P/E, so it remains reasonably cheap even after today’s rally. In this light, EA stock has a good chance to gain additional upside momentum in the upcoming weeks. The stock moved away from yearly lows as the company’s guidance was stronger than expected.
While EA stock looks undervalued, it is helpful to see how Electronic Arts’ Peers fare on metrics that matter. You will find other valuable comparisons for companies across industries at Peer Comparisons. The company managed to improve its gross margins on the back of a solid digital mix in its sales in Q3, and this trend is expected to continue in the near term. That said, with economies opened up, people are venturing out of their homes to more public forms of entertainment, and this trend has resulted in a decline in user engagement levels for the gaming companies. Electronic Arts made multiple acquisitions over the last few quarters, including Playdemic and Glu, which will bolster the overall top-line growth.
Electronic Arts Is Up By 11%, Here Is Why
It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. CNBC’s Steve Kovach joins ‘The Exchange’ to report on gaming stocks. Electronic Arts Inc on Tuesday forecast first-quarter adjusted sales below estimates, bracing for weaker sales of its "Battlefield 2042" title and a slowdown in lockdown-fueled demand. The game maker’s biggest titles saw a spike in engagement during COVID-19, and investors are hopeful for what the next console generation might bring.
- Redwood Financial Network Corp bought a new stake in shares of Electronic Arts in the first quarter valued at approximately $300,000.
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- FactSet calculates the Market Cap for the basic symbol to include common shares only.
- Electronic Arts announced a quarterly dividend on Tuesday, May 10th.
Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. In the next fiscal year, Electronic Arts expects net bookings of $7.9 billion – $8.1 billion, compared to $7.52 billion in 2022. The company also expects https://dotbig.com/ to report net income of $793 million – $815 million. Revenue rose to $1.83 billion from $1.35 billion in the year-ago quarter. Bookings, which account for deferred revenue, reached $7.52 billion over the trailing past 12 months, the company said.
Shares of Electronic Arts gained strong upside momentum after the company released its fiscal Q4 report. The company reported GAAP earnings of $0.80 per share, beating analyst estimates.
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