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 ...

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 ...

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 ...

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 ...

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 ...