Electronic Arts (EA - Free Report) reported fourth-quarter fiscal 2019 earnings of 69 cents per share that came well below the year-ago figure of $1.95 per share. However, earnings were better than the guided figure of 56 cents.
Revenues declined 22% year over year to $1.24 billion. However, revenues were better than the guided figure of $1.16 billion.
The Zacks Consensus Estimate for earnings and revenues was pegged at 97 cents per share and $1.2 billion, respectively.
Net bookings increased 8.7% year over year to $1.36 billion due to solid performance of sports titles and Apex Legends, partially offset by Anthem. Digital net bookings were $1.19 billion in the reported quarter, up 14% year over year due to strong digital sales of Apex Legends and Anthem.
Additionally, digital net bookings were $3.72 billion over the last 12 months, up 5% year over year.
Electronic Arts Inc. Price, Consensus 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 >>
Electronic Arts (EA - Free Report) reported fourth-quarter fiscal 2019 earnings of 69 cents per share that came well below the year-ago figure of $1.95 per share. However, earnings were better than the guided figure of 56 cents.
Revenues declined 22% year over year to $1.24 billion. However, revenues were better than the guided figure of $1.16 billion.
The Zacks Consensus Estimate for earnings and revenues was pegged at 97 cents per share and $1.2 billion, respectively.
Net bookings increased 8.7% year over year to $1.36 billion due to solid performance of sports titles and Apex Legends, partially offset by Anthem. Digital net bookings were $1.19 billion in the reported quarter, up 14% year over year due to strong digital sales of Apex Legends and Anthem.
Additionally, digital net bookings were $3.72 billion over the last 12 months, up 5% year over year.
Electronic Arts Inc. Price, Consensus 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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