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Video Game Stocks Earnings Releases on Aug 2: EA & GLUU
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As of Friday, Jul 29, 2016, 317 S&P 500 members (or 73.5% of the index’s total market cap) have already reported results. The numbers are bleak with total earnings down 3.3% from the same period last year on 0.9% lower revenues.
Growth remains elusive and Q2 is heading on to become the fifth consecutive quarter of earnings decline for the S&P 500 index. The energy sector remains the biggest drag on the growth picture.
The technology sector in comparison has performed better-than-expected with giants like Facebook and Alphabet (GOOGL - Free Report) beating expectations and registering strong growth on a year-over-year basis. We now have results from 84.6% of the sector’s total market cap in the index. Total earnings of these tech companies are down 0.9% from the same period last year in spite of 2.1% higher revenues.
Total earnings are expected to be down 0.1% despite 2.7% higher revenues compared with the sector’s 4.5% earnings decline irrespective of 0.4% higher revenues in the last reported earnings cycle.
The week ahead is jam packed with over 1090 companies reporting their results including 119 S&P 500 members. On Aug 2, we will have results from video game companies Electronic Arts (EA - Free Report) and Glu Mobile Inc. .
Redwood City, CA-based Electronic Arts is a leading developer, publisher and distributor of interactive games (video game software and content). Electronic Arts, popularly known as EA, distributes its gaming content and services through multiple distribution channels and directly to consumers (online and wirelessly) through its online portals Origin and Play4Free.
EA carries a Zacks Rank #3 (Hold) and has an Earnings ESP of 0.00%.The Zacks Consensus Estimate for fiscal first quarter 2017 stands at a loss of 14 cents. Last quarter, the company posted a positive earnings surprise of 26.67%. EA has surpassed the Zacks Consensus Estimate in the four preceding quarters with an average positive earnings surprise of 49.28%. (Read: Electronic Arts Q1 Earnings: Is a Surprise in Store?)
San Mateo, CA based Glu Mobile is a leading global publisher of mobile games. Its portfolio of games includes titles like Deer Hunter, Heroes of Destiny, Diner Dash, Gun Bros and Racing Rivals. Its roster of celebrity games includes titles like Kim Kardashian: Hollywood, Katy Perry Pop and Kendall & Kylie Jenner.
Glu Mobile carries a Zacks Rank #3 and has an Earnings ESP of 0.00%.The Zacks Consensus Estimate for second quarter 2016 stands at a loss of 8 cents. Last quarter, the company posted a positive earnings surprise of 25.00%. Glu Mobile has surpassed the Zacks Consensus Estimate in the four preceding quarters with an average positive earnings surprise of 66.97%. (Read: What's in the Cards for Glu Mobile in Q2 Earnings?)
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Video Game Stocks Earnings Releases on Aug 2: EA & GLUU
As of Friday, Jul 29, 2016, 317 S&P 500 members (or 73.5% of the index’s total market cap) have already reported results. The numbers are bleak with total earnings down 3.3% from the same period last year on 0.9% lower revenues.
Growth remains elusive and Q2 is heading on to become the fifth consecutive quarter of earnings decline for the S&P 500 index. The energy sector remains the biggest drag on the growth picture.
The technology sector in comparison has performed better-than-expected with giants like Facebook and Alphabet (GOOGL - Free Report) beating expectations and registering strong growth on a year-over-year basis. We now have results from 84.6% of the sector’s total market cap in the index. Total earnings of these tech companies are down 0.9% from the same period last year in spite of 2.1% higher revenues.
Total earnings are expected to be down 0.1% despite 2.7% higher revenues compared with the sector’s 4.5% earnings decline irrespective of 0.4% higher revenues in the last reported earnings cycle.
The week ahead is jam packed with over 1090 companies reporting their results including 119 S&P 500 members. On Aug 2, we will have results from video game companies Electronic Arts (EA - Free Report) and Glu Mobile Inc. .
Redwood City, CA-based Electronic Arts is a leading developer, publisher and distributor of interactive games (video game software and content). Electronic Arts, popularly known as EA, distributes its gaming content and services through multiple distribution channels and directly to consumers (online and wirelessly) through its online portals Origin and Play4Free.
EA carries a Zacks Rank #3 (Hold) and has an Earnings ESP of 0.00%.The Zacks Consensus Estimate for fiscal first quarter 2017 stands at a loss of 14 cents. Last quarter, the company posted a positive earnings surprise of 26.67%. EA has surpassed the Zacks Consensus Estimate in the four preceding quarters with an average positive earnings surprise of 49.28%. (Read: Electronic Arts Q1 Earnings: Is a Surprise in Store?)
ELECTR ARTS INC Price and EPS Surprise
ELECTR ARTS INC Price and EPS Surprise | ELECTR ARTS INC Quote
San Mateo, CA based Glu Mobile is a leading global publisher of mobile games. Its portfolio of games includes titles like Deer Hunter, Heroes of Destiny, Diner Dash, Gun Bros and Racing Rivals. Its roster of celebrity games includes titles like Kim Kardashian: Hollywood, Katy Perry Pop and Kendall & Kylie Jenner.
Glu Mobile carries a Zacks Rank #3 and has an Earnings ESP of 0.00%.The Zacks Consensus Estimate for second quarter 2016 stands at a loss of 8 cents. Last quarter, the company posted a positive earnings surprise of 25.00%. Glu Mobile has surpassed the Zacks Consensus Estimate in the four preceding quarters with an average positive earnings surprise of 66.97%. (Read: What's in the Cards for Glu Mobile in Q2 Earnings?)
GLU MOBILE INC Price and EPS Surprise
GLU MOBILE INC Price and EPS Surprise | GLU MOBILE INC Quote
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>