Electronic Arts Inc. (NASDAQ:EA) is reporting second quarter earnings results on Thursday 5th November 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.04 per share.
For the full year, analysts predict revenues of $ 6048.93 million, while looking forward to income of $ 5.61 per share.
The Company Outlook
Earnings for 2Q21 are anticipated in a range of $ -0.21 ~ $ -0.21 per share, while revenues are expected in a range of $ 875.00 million ~ $ 875.00 million
Full Year 2021 topline are forecasted in a range of$ 5,950.00 million ~ $ 5,950.00 million, where as bottomline are predicted in a range of $ 5.25 ~ $ 5.25 per share
Click Here For More Historical Outlooks Of Electronic Arts Inc.
Previous Quarter Performance
Electronic Arts Inc. recorded income for the first quarter of $ 1.42 per share, from the revenue of $ 1,459.00 million. The quarterly earnings gained 468.00 percent while revenues grew 102.94 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.79 per share from $ 1051.46 million in revenue. The bottom line results beat street analysts by $ 0.63 or 79.75 percent, at the same time, top line results outshined analysts by $ 407.54 million or 38.76 percent.
Stock Performance
Shares of Electronic Arts Inc. traded up $ 4.57 or 3.79 percent on Wednesday, reaching $ 125.31 with volume of 2.54 million shares. Electronic Arts Inc. has traded high as $ 126.95 and has cracked $ 123.81 on the downward trend
The closing price of $ 125.31, representing a 40.90 % increase from the 52 week low of $ 85.69 and a 18.06 % decrease over the 52 week high of $ 147.36.
The company has a market capital of $ 36.19 billion and is part of the Technology sector and Electronic Gaming & Multimedia industry.
Recent Analyst recommendations
- On 15th October 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 145.00 target price.
- On 13th October 2020, maintained by Deutsche Bank at Hold rating, with $ 144.00 target price.
Conference Call
Electronic Arts Inc. will be hosting a conference call at 5:00 PM eastern time on 5th November 2020, to discuss its 2Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.ea.com
Electronic Arts Inc. develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, The Sims, Apex Legends, Anthem, Need for Speed, and Plants v.
