Video game publisher Electronic Arts (NASDAQ:EA) will be announcing earnings results tomorrow after market hours. Here’s what investors should know.
Electronic Arts beat analysts’ revenue expectations by 5% last quarter, reporting revenues of $2.08 billion, up 14.2% year on year. It was a slower quarter for the company, with EPS guidance for next quarter missing analysts’ expectations.
Is Electronic Arts a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Electronic Arts’s revenue to decline 2.8% year on year to $2.30 billion, a reversal from the 1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $3.08 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Electronic Arts has missed Wall Street’s revenue estimates four times over the last two years.
Looking at Electronic Arts’s peers in the consumer internet segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Coursera delivered year-on-year revenue growth of 6.1%, beating analysts’ expectations by 1.6%, and Meta reported revenues up 20.6%, topping estimates by 2.9%. Coursera traded down 19.5% following the results while Meta was up 1.5%.
Read our full analysis of Coursera’s results here and Meta’s results here.
Investors in the consumer internet segment have had steady hands going into earnings, with share prices flat over the last month. Electronic Arts is down 15.4% during the same time and is heading into earnings with an average analyst price target of $148.46 (compared to the current share price of $121.95).
Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we’ve identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link.
免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。