We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Electronic Arts (EA) Expands Portfolio for Next-Gen Consoles
Read MoreHide Full Article
Electronic Arts (EA - Free Report) recently announced the availability of Madden NFL 21 and FIFA 21 on Xbox Series X|S and PlayStation 5 worldwide.
Madden NFL 21 utilizes real-world NFL player data to power Next Gen Player movements in order to enhance gameplay experience for users, by providing a realistic football environment. Further, it includes enhancements such as a revamped play calling system, a deferred lighting feature, new cloth animation technology and new location-based audio.
Additionally, FIFA 21 uses EA SPORTS GameCam, inspired by top-level football broadcasts along with LiveLight Rendering, which enhances on-pitch experience for the gamers. Additional features include authentic chants captured from football competitions and deeper definition of players physiques powered by Frostbite.
Markedly, gamers who have already bought these games for Xbox One and/or PlayStation 4 have an option to upgrade to Xbox Series X|S and/or PlayStation 5 without any cost.
Further, EA Play members will have trial access to both the games along with monthly in-game rewards. Also, players can buy NXT LVL editions of Madden NFL 21 and FIFA 21 on the Xbox Series X|S and PlayStation 5 for $69.99.
Strong Demand For Video Games Aids Prospects
Notably, coronavirus-induced shelter-in-place guidelines, which have confined people to their homes, have boosted demand for video games. Per an NPD report, consumer spending on video games in the United States is expected to reach $13.4 billion in the holiday period, reflecting growth of 24% year over year, and will cross $50 billion in 2020.
Electronic Arts, along with its Zacks Toys - Games – Hobbies industry peers like Activision , Glu Mobile and Take Two Interactive (TTWO - Free Report) , is benefiting from this trend.
Notably, Electronic Arts’ shares are up 19.8% year to date compared with the industry’s rally of 25.2%. Glu, Take-Two and Activision have returned 59.4%, 47.6% and 36.1%, respectively.
Electronic Arts Inc. Price, Consensus and EPS Surprise
Strong momentum in the company’s robust product portfolio which includes top franchises such as Battlefield, Star Wars and The Sims, serves as a key catalyst.
Moreover, launch of UFC 4, Madden NFL 21, Rocket Arena, and Star Wars: Squadrons during the second quarter expands EA’s gaming portfolio and aids in player acquisition.
Additionally, the company unveiled Need for Speed Hot Pursuit Remastered on PS4, Xbox One and PC as well as EA SPORTS NHL 21, which provides a more authentic Be A Pro career experience. Moreover, so far this fiscal year, the Zacks Rank #4 (Sell) company has launched more than 125 games and content packs on the Steam platform.
Furthermore, growing traction for the company’s battle royale game — Apex Legends — has been a major growth driver. Net bookings for the game climbed 24% year-over-year in the second quarter of fiscal 2021.
Notably, the company expects net bookings to be nearly $2.4 billion in third-quarter fiscal 2021, driven by the launch of FIFA 21.
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +50%, +83% and +164% in as little as 2 months. The stocks in this report could perform even better.
Image: Bigstock
Electronic Arts (EA) Expands Portfolio for Next-Gen Consoles
Electronic Arts (EA - Free Report) recently announced the availability of Madden NFL 21 and FIFA 21 on Xbox Series X|S and PlayStation 5 worldwide.
Madden NFL 21 utilizes real-world NFL player data to power Next Gen Player movements in order to enhance gameplay experience for users, by providing a realistic football environment. Further, it includes enhancements such as a revamped play calling system, a deferred lighting feature, new cloth animation technology and new location-based audio.
Additionally, FIFA 21 uses EA SPORTS GameCam, inspired by top-level football broadcasts along with LiveLight Rendering, which enhances on-pitch experience for the gamers. Additional features include authentic chants captured from football competitions and deeper definition of players physiques powered by Frostbite.
Markedly, gamers who have already bought these games for Xbox One and/or PlayStation 4 have an option to upgrade to Xbox Series X|S and/or PlayStation 5 without any cost.
Further, EA Play members will have trial access to both the games along with monthly in-game rewards. Also, players can buy NXT LVL editions of Madden NFL 21 and FIFA 21 on the Xbox Series X|S and PlayStation 5 for $69.99.
Strong Demand For Video Games Aids Prospects
Notably, coronavirus-induced shelter-in-place guidelines, which have confined people to their homes, have boosted demand for video games. Per an NPD report, consumer spending on video games in the United States is expected to reach $13.4 billion in the holiday period, reflecting growth of 24% year over year, and will cross $50 billion in 2020.
Electronic Arts, along with its Zacks Toys - Games – Hobbies industry peers like Activision , Glu Mobile and Take Two Interactive (TTWO - Free Report) , is benefiting from this trend.
Notably, Electronic Arts’ shares are up 19.8% year to date compared with the industry’s rally of 25.2%. Glu, Take-Two and Activision have returned 59.4%, 47.6% and 36.1%, respectively.
Electronic Arts Inc. Price, Consensus and EPS Surprise
Electronic Arts Inc. price-consensus-eps-surprise-chart | Electronic Arts Inc. Quote
Solid Gaming Portfolio Drives Growth
Strong momentum in the company’s robust product portfolio which includes top franchises such as Battlefield, Star Wars and The Sims, serves as a key catalyst.
Moreover, launch of UFC 4, Madden NFL 21, Rocket Arena, and Star Wars: Squadrons during the second quarter expands EA’s gaming portfolio and aids in player acquisition.
Additionally, the company unveiled Need for Speed Hot Pursuit Remastered on PS4, Xbox One and PC as well as EA SPORTS NHL 21, which provides a more authentic Be A Pro career experience. Moreover, so far this fiscal year, the Zacks Rank #4 (Sell) company has launched more than 125 games and content packs on the Steam platform.
Furthermore, growing traction for the company’s battle royale game — Apex Legends — has been a major growth driver. Net bookings for the game climbed 24% year-over-year in the second quarter of fiscal 2021.
Notably, the company expects net bookings to be nearly $2.4 billion in third-quarter fiscal 2021, driven by the launch of FIFA 21.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +50%, +83% and +164% in as little as 2 months. The stocks in this report could perform even better.
See these 7 breakthrough stocks now>>