Core Insights - Electronic Arts (EA) has a strong track record of beating earnings estimates, with an average surprise of 8.17% over the last two quarters [1] - The company reported earnings of $2.96 per share for the last quarter, exceeding the Zacks Consensus Estimate of $2.92 per share by 1.37% [1] - In the previous quarter, EA's earnings were $1.46 per share against an expectation of $1.27, resulting in a surprise of 14.96% [1] Earnings Estimates - Recent estimates for Electronic Arts have been increasing, indicating a positive outlook for future earnings [2] - The Zacks Earnings ESP for EA is currently positive, suggesting a high likelihood of an earnings beat [2] - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [2] Earnings ESP Analysis - The Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, reflecting the latest analyst revisions [3] - Electronic Arts has an Earnings ESP of +0.17%, indicating growing analyst optimism about its near-term earnings potential [3] - The company's Zacks Rank is 2 (Buy), further supporting the possibility of another earnings beat [3] Importance of Earnings ESP - A negative Earnings ESP can reduce predictive power but does not necessarily indicate an earnings miss [4] - Many companies can still beat consensus EPS estimates, and some may maintain their stock value even with a miss [4] - Utilizing the Earnings ESP Filter is recommended to identify the best stocks to buy or sell before earnings reports [4]

fhogue/iStock Editorial via Getty Images Electronic Arts (NASDAQ:EA) is advancing its operations through prudent integrations of AI, which its CEO describes as having the potential to increase its network by 50% and increase business efficiency by 30%. As such, this seems like a prudent time to become or to stay an EA shareholder. In addition, based on my value analysis, the company looks moderately undervalued based on my conservative model, and it has a strong capital structure compared to its peers. Over ...

REDWOOD CITY, Calif.--(BUSINESS WIRE)--Today, in celebration of Women’s History Month, EA SPORTS FC announced a new sponsorship deal with long-standing partners UEFA, to become title partners of their Women In Football Leadership Programme (WFLP). Now in its tenth year, the WFLP is an annual week-long programme, supported by the IMD Business School, aimed at advancing the careers of women capable of influencing the football industry, both today and in the future. The programme has been running since 2014, ...

The U.S. videogame industry has been trying to stage a rebound that saw sales rise in 2023, and the momentum continues this year. Cooling inflation and easing price pressure are helping consumers spend more on discretionary items lately, giving a boost to videogame sales.According to a report from the Entertainment Software Association and Circana, spending on videogames in the United States totaled $57.2 billion in 2023, up from $56.6 billion in 2022. This included sales across all categories including phy ...

Electronic Arts Inc. (NASDAQ:EA) Morgan Stanley Technology, Media & Telecom Conference March 6, 2024 3:35 PM ET Company Participants Andrew Wilson - CEO Conference Call Participants Matt Cost - Morgan Stanley Matt Cost Hello, everyone. Thanks for being here. My name is Matt Cost from Morgan Stanley U.S. Internet team. Thrilled to be joined by Andrew Wilson, the CEO of EA. Thank you so much for being here. Andrew Wilson Thanks for having me. Matt Cost I have to quickly go through the disclosures. Please no ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Credit: Unsplash/CC0 Public Domain Electronic Arts is cutting about 5% of its workforce, or approximately 670 employees, as layoffs in the technology and gaming sector continue after a surge of hiring in recent years. The video game maker said in a regulatory filing that its board approved a restructuring plan that includes th ...

A month has gone by since the last earnings report for Electronic Arts (EA) . Shares have added about 1.8% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Electronic Arts due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Electronic Arts' Q3 Earnings and Revenues Ris ...

Gaming giant Electronic Arts is Inc reducing its workforce by 5% as part of a broader restructuring plan to limit costs across the company’s operations. According to the latest numbers published in May 2023, EA employs 16,400, meaning around 670 employees will be laid off. EA is expected to incur between $125 million and $165 million in total charges in connection with the restructuring. In a letter to employees, chief executive Andrew Wilson announced that EA will also be “sunsetting games” while “moving a ...

Electronic Arts, which makes such games as Madden NFL and Apex Legends, said today that it plans to lay off five percent of its employees and will discontinue work on several games. The announcement continues the ongoing downsizing in the gaming and tech space, a development that has seen thousands of jobs lost. EA said the layoffs are part of a broader restructuring aimed at supporting “strategic priorities and growth initiatives,” according to a Tuesday securities filing. EA said in that document that i ...

Videogame maker Electronic Arts Inc. said Wednesday it will cut about 5% of its workforce and plans to cancel some games in development.In a letter to employees, Chief Executive Andrew Wilson said “we are streamlining our company operations to deliver deeper, more connected experiences for fans.”He said the layoffs will affect about 5% of the company’s global workforce, which would be around 670 people, based on a staff of 13,400 as of last March, according to an SEC filing. “We are also sunsetting games an ...