Americans are spending lavishly, driven by a rise in personal income and waning fears of a recession as inflation continues to ease. Although personal consumption expenditure (PCE), an important gauge for the Fed, increased marginally in December, people are a lot more confident that the economy will make a softer landing, which is lifting their confidence.The Commerce Department said on Jan 26 that consumer spending increased 0.7% in December, higher than the consensus estimate of 0.5%. Also, personal inco ...

Electronic Arts (EA) is set to report third-quarter fiscal 2024 results on Jan 30.For third-quarter fiscal 2024, EA expects GAAP revenues between $1.825 billion and $2.025 billion and diluted earnings in the range of $0.75-$1.01 per share.For the quarter, the Zacks Consensus Estimate for earnings has remained steady at $2.91 per share in the past 30 days. The figure indicates 7.38% growth from the year-ago quarter’s reported figure.The consensus mark for revenues is pegged at $2.39 billion, suggesting a 1.8 ...

When was the last time you played a video game? Some people haven’t played them in a while, but there is a big demand for the industry. Approximately 3.09 billion people play video games, and that number is expected to reach 3.32 billion in 2024. This will have big implications for gaming stocks.The large fanbase has helped many video gaming giants soar to new heights and reward long-term investors. The business model is also evolving. It’s more than just a video game. Corporations can make money from merch ...

The upcoming report from Electronic Arts (EA) is expected to reveal quarterly earnings of $2.91 per share, indicating an increase of 7.4% compared to the year-ago period. Analysts forecast revenues of $2.39 billion, representing an increase of 1.9% year over year.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.2% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Prior to a c ...

The Zacks Toys - Games – Hobbies industry benefits from the robust demand for smart toys, STEM (Science, Technology, Engineering and Math) toys, sports toys and fashion dolls and accessories. Industry participants have been undertaking efforts on the digital front and focusing on better execution of marketing and promotional initiatives to drive growth. These firms, including Electronic Arts Inc. (EA) , Mattel, Inc. (MAT) and Take-Two Interactive Software, Inc. (TTWO) , are likely to gain from the trends ab ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Electronic Arts (EA) reports results for the quarter ended December 2023. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on January 30, 2024, might help the stock move higher if these key numbers are better tha ...

Americans are a lot more upbeat about the economy and its future now as inflation continues to ease and chances of rate cuts become brighter. The latest University of Michigan consumer sentiment survey, released on Jan 19, shows that consumers’ sentiment hit its highest level in more than two and a half years.The preliminary index of consumer sentiment in January came up with a reading of 78.8, surpassing estimates of 69.7. The final reading for December consumer sentiment was 69.7. December’s reading is th ...

REDWOOD CITY, Calif.--(BUSINESS WIRE)--Today, Electronic Arts, Inc. (NASDAQ: EA) unveiled the EA SPORTS FC™ Team of The Year (TOTY), including the first ever Women’s TOTY Final XI, honouring the very best players of 2023. Men’s and Women’s Attackers will be available in EA SPORTS FC 24 starting on January 19th, with Midfielders (Jan 21st), and Defenders & Goalkeepers (Jan 23rd) to follow. Women’s Team of The Year GK - Mary Earps (England) - Manchester United MID - Aitana Bonmatí (Spain) - FC Ba ...

Electronic Arts’ (EA) division, EA SPORTS, is doing everything possible to attract new users and retain existing customers. Recently, the company announced that its Super Bowl weekend party, The Madden Bowl, will be held at the House of Blues in Las Vegas on Feb 9.The event will star the brightest stars from the sports, music, gaming, and entertainment industry, including rapper Big Boi and special guests like Killer Mike and Breland. Green Day, a rock band, will also participate in the event.The event inte ...

Green Day, Big Boi, Killer Mike and BRELAND will Light Up Las Vegas for Super Bowl LVIII at EA SPORTS Presents The Madden Bowl on February 9 (Photo: Business Wire)REDWOOD CITY, Calif.--(BUSINESS WIRE)--When the world converges on Las Vegas for Super Bowl LVIII, EA SPORTS™ will hit football’s biggest stage with EA SPORTS™ Presents The Madden Bowl, an event that highlights the brand’s unique position at the intersection of sports, culture and entertainment. The multi-dimensional event at the House of Blues on ...