Electronic Arts (EA - Free Report) recently released NHL 20, an addition to its hockey franchise, on PlayStation 4 and Xbox One. It is priced at $59.99.
NHL 20, a professional ice hockey simulation video game, features the company’s enhanced Real Player Motion (RPM) technology that has already been seen in games like FIFA 19 and UFC 4. The technology enables users to experience real-life gaming and most responsive gameplay ever in the franchise’s history.
A shooting engine powered by RPM has been introduced to reflect signature shots of players such as P. K. Subban, Austin Matthews and Alexander Ovechkin during gameplay.
Notably, NHL 20 has added an Eliminator mode, which intensifies competition among users playing NHL ONES & NHL THREES and NHL ONES. Moreover, game modes such as Squad Battles have also been introduced for users in Hockey Ultimate team.
Further, EA Sports broadcast crew of James Cybulski and Ray Ferraro has replaced the NBC Sports broadcasting crew as the play-by-play commentator and color commentator respectively.
Popular Franchises Drive Revenues
EA’s game portfolio strength has been its major growth driver in recent times. The company’s first-quarter fiscal 2020 results benefited from strong popularity of its well-recognized franchises, FIFA, The Sims 4 and Madden NFL.
The company has a strong slate of game releases lined up. Apart from NHL 20, EA’s other upcoming games are NBA Live 20, Plants vs. Zombies, and Star Wars Jedi: Fallen Order. EA plans to bring at least 20 new content drops and expansion packs to The Sims franchise in fiscal 2020.
Notably, EA has been one of the top-performing gaming stocks on a year-to-date basis. Shares have returned 24.8% year-to-date outperforming the industry’s rally of 21.4%.
With new releases that feature exciting content and technology, EA is expected to further engage users, thereby driving revenues.
Year to Date Performance
Intensifying competition from the likes of Activision (ATVI - Free Report) , Take Two (TTWO - Free Report) and Gluu Mobile (GLUU - Free Report) pose concerns for EA.
Release of Take Two Interactive’s Borderlands 3 and Activision’s upcoming Call of Duty: Modern Warfare game is expected to challenge EA’s dominance in the space.
Nevertheless, EA’s award-winning portfolio of games, exciting content and new releases poise it well for near-term growth.
Currently, EA carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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