Electronic Arts (EA - Free Report) is having a terrific year, with shares up almost 17% on a year-to-date basis. The upside can be attributed to a robust portfolio and solid performance from games like Apex Legends, The Sims and the FIFA franchise.
Additionally, EA’s strong momentum is expected to continue due to increased consumer spending on video games, stemming from coronavirus induced stay-at-home orders.
Further, the company stated that it expects to deliver 14 titles in fiscal 2021. In fourth-quarter fiscal 2020, the company’s revenues rose 12% year over year to $1.38 billion.
Notably, EA has outperformed the S&P 500 Index on a year-to-date basis.
Electronic Arts Inc. Price and Consensus
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) is having a terrific year, with shares up almost 17% on a year-to-date basis. The upside can be attributed to a robust portfolio and solid performance from games like Apex Legends, The Sims and the FIFA franchise.
Additionally, EA’s strong momentum is expected to continue due to increased consumer spending on video games, stemming from coronavirus induced stay-at-home orders.
Further, the company stated that it expects to deliver 14 titles in fiscal 2021. In fourth-quarter fiscal 2020, the company’s revenues rose 12% year over year to $1.38 billion.
Notably, EA has outperformed the S&P 500 Index on a year-to-date basis.
Electronic Arts Inc. Price and Consensus
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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