Electronic Arts(EA)
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Here's Why Electronic Arts (EA) is a Strong Momentum Stock
Zacks Investment Research· 2024-02-05 15:51
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.Zacks Premium includes access to the Zacks Style Sc ...
Video games: rising costs a major challenge and AI may not be the answer, JPMorgan says
Proactive Investors· 2024-01-31 20:04
About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...
Electronic Arts' (EA) Q3 Earnings and Revenues Rise Y/Y
Zacks Investment Research· 2024-01-31 16:05
Electronic Arts (EA) reported third-quarter fiscal 2024 earnings of $2.96 per share, which jumped 9.2% year over year.Revenues increased 3.4% year over year to $1.94 billion, driven by new releases, continued live services growth and healthy engagement.The Zacks Consensus Estimate for earnings was pegged at $2.92 per share. The consensus mark for revenues was pinned at $2.39 billion.Net bookings for the third quarter were $2.36 billion, up 1% year over year or 2% in constant currency (cc). The figure missed ...
Electronic Arts(EA) - 2024 Q3 - Earnings Call Transcript
2024-01-31 01:16
Electronic Arts Inc. (NASDAQ:EA) Q3 2024 Earnings Conference Call January 30, 2024 5:00 PM ET Company Participants Katie Burke - Director of IR Andrew Wilson - CEO Stuart Canfield - CFO Conference Call Participants Andrew Uerkwitz - Jefferies Matthew Cost - Morgan Stanley Eric Handler - ROTH MKM Brian Pitz - BMO Capital Market Andrew Marok - Raymond James Michael Hickey - Benchmark Company Operator Good afternoon. My name is Brianna, and I will be your conference operator today. At this time, I would like t ...
Compared to Estimates, Electronic Arts (EA) Q3 Earnings: A Look at Key Metrics
Zacks Investment Research· 2024-01-31 00:01
For the quarter ended December 2023, Electronic Arts (EA) reported revenue of $2.37 billion, up 1% over the same period last year. EPS came in at $2.96, compared to $2.71 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $2.39 billion, representing a surprise of -1.00%. The company delivered an EPS surprise of +1.37%, with the consensus EPS estimate being $2.92.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ...
Soccer game's popularity is delivering for EA — and creating a higher bar to clear for growth
Market Watch· 2024-01-30 21:25
Videogame maker Electronic Arts Inc. saw a modest uptick in gaming demand during the holiday season, helped by gains in its “EA Sports FC” soccer franchise, but signaled a slowdown in a key demand metric for its fourth quarter. Executives said they expected fiscal fourth-quarter net bookings, a gauge of physical and digital sales, of between $1.625 billion and $1.925 billion. EA EA, -0.74%, when it reported fourth-quarter results last year, said net bookings were $1.946 billion, results that were boosted by ...
3 Video Game Stocks to Play as the Metaverse Takes Off
InvestorPlace· 2024-01-29 14:21
2023 was rough for the video gaming industry; the sector slowed from industry-wide layoffs to stagnant consumer demand. However, the start of 2024 brings a new dawn for gamers as exciting gaming events, like the New York Game Awards and the “oh so cool” CES 2024, spice up gamers’ appetite for upcoming title announcements and cool tech. Additionally, the growing mobile gaming market and esports have given video gaming stocks great potential for investors’ portfolio growth. If you want to embrace that inner g ...
5 Stocks to Buy on Steady Rise in Personal Spending, Income
Zacks Investment Research· 2024-01-29 14:16
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) to Report Q3 Earnings: What's in Store?
Zacks Investment Research· 2024-01-26 15:51
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 ...
3 Gaming Stocks to Buy as the Industry Booms in 2024
InvestorPlace· 2024-01-26 12:05
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 ...