$1.23 Billion in Sales Expected for Electronic Arts (EA) This Quarter

Analysts forecast that Electronic Arts (NASDAQ:EA) will report $1.23 billion in sales for the current quarter, according to Zacks. Eight analysts have made estimates for Electronic Arts’ earnings. The highest sales estimate is $1.24 billion and the lowest is $1.21 billion. Electronic Arts reported sales of $1.09 billion during the same quarter last year, which indicates a positive year over year growth rate of 12.8%. The business is scheduled to issue its next quarterly earnings results after the market closes on Tuesday, May 8th.

On average, analysts expect that Electronic Arts will report full year sales of $5.15 billion for the current year, with estimates ranging from $5.13 billion to $5.17 billion. For the next year, analysts expect that the business will post sales of $5.61 billion per share, with estimates ranging from $5.41 billion to $5.83 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow Electronic Arts.

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Electronic Arts (NASDAQ:EA) last posted its earnings results on Tuesday, January 30th. The game software company reported $2.06 EPS for the quarter, topping analysts’ consensus estimates of $2.03 by $0.03. Electronic Arts had a net margin of 19.67% and a return on equity of 25.42%. The business had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $2.02 billion.

EA has been the subject of a number of recent research reports. BMO Capital Markets raised shares of Electronic Arts from a “market perform” rating to an “outperform” rating and cut their price objective for the company from $112.39 to $97.00 in a research report on Monday, January 8th. They noted that the move was a valuation call. Vetr raised shares of Electronic Arts from a “sell” rating to a “hold” rating and set a $124.90 price objective for the company in a research report on Thursday, March 1st. ValuEngine downgraded shares of Electronic Arts from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Morgan Stanley downgraded shares of Electronic Arts from an “overweight” rating to an “equal weight” rating and boosted their price objective for the company from $112.00 to $126.00 in a research report on Friday, January 12th. Finally, SunTrust Banks reissued a “buy” rating and set a $135.00 price objective on shares of Electronic Arts in a research report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, five have given a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company. Electronic Arts has an average rating of “Buy” and an average price target of $132.81.

In other Electronic Arts news, CEO Andrew Wilson sold 9,000 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $128.30, for a total value of $1,154,700.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Jacob J. Schatz sold 1,000 shares of the business’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $116.32, for a total transaction of $116,320.00. Following the completion of the sale, the senior vice president now owns 17,950 shares in the company, valued at approximately $2,087,944. The disclosure for this sale can be found here. In the last quarter, insiders sold 81,079 shares of company stock worth $9,986,474. Corporate insiders own 2.55% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. Cerebellum GP LLC purchased a new stake in Electronic Arts in the 4th quarter worth $129,000. First Bank & Trust purchased a new stake in Electronic Arts in the 4th quarter worth $134,000. Exane Derivatives bought a new stake in shares of Electronic Arts in the 4th quarter worth about $142,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Electronic Arts in the 4th quarter worth about $210,000. Finally, Wedbush Securities Inc. bought a new stake in shares of Electronic Arts in the 4th quarter worth about $230,000. Institutional investors and hedge funds own 95.51% of the company’s stock.

NASDAQ:EA opened at $120.53 on Monday. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.24. Electronic Arts has a 12 month low of $88.72 and a 12 month high of $131.13. The company has a market capitalization of $37,141.69, a price-to-earnings ratio of 40.72, a P/E/G ratio of 1.86 and a beta of 0.80.

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Electronic Arts Company Profile

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, personal computers, mobile phones, and tablets worldwide. It develops and publishes games primarily under the Battlefield, Mass Effect, Need for Speed, The Sims, and Plants v. Zombies brands; and license games from others, such as FIFA, Madden NFL, and Star Wars, as well as publishes and distributes games developed by third parties.

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Earnings History and Estimates for Electronic Arts (NASDAQ:EA)

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