Electronic Arts (EA - Free Report) is scheduled to report second-quarter fiscal 2019 results on Oct 30.
The company beat the Zack Consensus Estimate in all the trailing four quarters, delivering an average positive surprise of 92.27%.
In the last reported quarter, EA’s earnings of 95 cents per share plunged 54% from the year-ago quarter.
Revenues declined 22% year over year to $1.14 billion but were better than the guided figure of $1.08 billion. Net bookings declined 3.4% year over year to $749 million but came in better than guided figure. Digital net bookings were $693 million.
For the second quarter, the company expects GAAP revenues of $1.27 billion. Net bookings are expected to be $1.16 billion.
Electronic Arts Inc. Price and EPS Surprise
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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Electronic Arts (EA - Free Report) is scheduled to report second-quarter fiscal 2019 results on Oct 30.
The company beat the Zack Consensus Estimate in all the trailing four quarters, delivering an average positive surprise of 92.27%.
In the last reported quarter, EA’s earnings of 95 cents per share plunged 54% from the year-ago quarter.
Revenues declined 22% year over year to $1.14 billion but were better than the guided figure of $1.08 billion. Net bookings declined 3.4% year over year to $749 million but came in better than guided figure. Digital net bookings were $693 million.
For the second quarter, the company expects GAAP revenues of $1.27 billion. Net bookings are expected to be $1.16 billion.
Electronic Arts Inc. Price and EPS Surprise
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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