Electronic Arts (EA - Free Report) is scheduled to report third-quarter fiscal 2019 results on Feb 5.
The company beat the Zack Consensus Estimate in all the trailing four quarters, with the average positive surprise being 104.51%.
In the last reported quarter, EA reported earnings of 83 cents per share against a loss of 7 cents per share in the year-ago quarter.
Revenues surged 34% year over year to $1.29 billion and were better than the guided figure of $1.27 billion. Net bookings increased 3.6% year over year to $1.22 billion. Digital net bookings were $637 million in the second quarter, up 10% year over year.
For the third quarter, the company expects GAAP revenues of $1.38 billion. Moreover, EA expects earnings of 61 cents per share.
The Zacks Consensus Estimate for third-quarter earnings has declined 4.9% in the past 30 days to $1.93 per share. Earnings are estimated to decline 13.1% year over year. Further, the consensus mark for revenues is pegged at $1.75 billion, down roughly 11.2% from the year-ago quarter.
Let’s see how things are shaping up prior to this announcement.
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 third-quarter fiscal 2019 results on Feb 5.
The company beat the Zack Consensus Estimate in all the trailing four quarters, with the average positive surprise being 104.51%.
In the last reported quarter, EA reported earnings of 83 cents per share against a loss of 7 cents per share in the year-ago quarter.
Revenues surged 34% year over year to $1.29 billion and were better than the guided figure of $1.27 billion. Net bookings increased 3.6% year over year to $1.22 billion. Digital net bookings were $637 million in the second quarter, up 10% year over year.
For the third quarter, the company expects GAAP revenues of $1.38 billion. Moreover, EA expects earnings of 61 cents per share.
The Zacks Consensus Estimate for third-quarter earnings has declined 4.9% in the past 30 days to $1.93 per share. Earnings are estimated to decline 13.1% year over year. Further, the consensus mark for revenues is pegged at $1.75 billion, down roughly 11.2% from the year-ago quarter.
Let’s see how things are shaping up prior to this announcement.
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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