Zacks: Brokerages Expect Electronic Arts Inc. (NASDAQ:EA) Will Announce Earnings of $0.01 Per Share

Equities analysts predict that Electronic Arts Inc. (NASDAQ:EA) will report $0.01 earnings per share for the current quarter, according to Zacks Investment Research. Eight analysts have made estimates for Electronic Arts’ earnings, with the lowest EPS estimate coming in at ($0.05) and the highest estimate coming in at $0.15. Electronic Arts reported earnings per share of $0.26 during the same quarter last year, which suggests a negative year-over-year growth rate of 96.2%. The business is scheduled to announce its next earnings results after the market closes on Tuesday, July 30th.

On average, analysts expect that Electronic Arts will report full-year earnings of $4.58 per share for the current fiscal year, with EPS estimates ranging from $4.42 to $4.90. For the next year, analysts forecast that the firm will report earnings of $5.06 per share, with EPS estimates ranging from $4.77 to $5.47. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that cover Electronic Arts.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings data on Tuesday, May 7th. The game software company reported $1.21 EPS for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.43. The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.20 billion. Electronic Arts had a return on equity of 22.62% and a net margin of 20.59%. The firm’s revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.31 EPS.

EA has been the subject of a number of recent research reports. MKM Partners restated a “neutral” rating and set a $100.00 price objective (up from $92.00) on shares of Electronic Arts in a research note on Friday, May 3rd. They noted that the move was a valuation call. KeyCorp initiated coverage on in a research note on Monday. They issued an “overweight” rating for the company. Nomura cut Korea Electric Power from a “buy” rating to a “neutral” rating in a research note on Thursday, June 6th. Credit Suisse Group set a €92.00 ($106.98) price target on Bayerische Motoren Werke and gave the stock a “buy” rating in a research note on Wednesday, May 8th. Finally, Citigroup initiated coverage on UBISOFT ENTMT S/ADR in a research note on Friday, June 7th. They issued a “buy” rating for the company. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and eighteen have assigned a buy rating to the company’s stock. Electronic Arts presently has a consensus rating of “Buy” and a consensus target price of $113.41.

EA traded down $1.58 during trading on Thursday, reaching $87.29. 171,777 shares of the company were exchanged, compared to its average volume of 3,818,371. The firm has a market capitalization of $26.55 billion, a PE ratio of 22.21, a P/E/G ratio of 1.43 and a beta of 1.04. The business’s 50 day moving average price is $93.42. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.82 and a current ratio of 2.82. Electronic Arts has a 52 week low of $73.91 and a 52 week high of $134.00.

In other news, insider Laura Miele sold 1,250 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $95.60, for a total transaction of $119,500.00. Following the completion of the sale, the insider now directly owns 3,008 shares of the company’s stock, valued at $287,564.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Andrew Wilson sold 9,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $95.69, for a total value of $861,210.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 102,544 shares of company stock valued at $10,006,838. 2.18% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in EA. FMR LLC increased its holdings in shares of Electronic Arts by 10.8% during the 1st quarter. FMR LLC now owns 16,439,841 shares of the game software company’s stock valued at $1,670,780,000 after acquiring an additional 1,598,653 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Electronic Arts by 4.8% during the 4th quarter. Geode Capital Management LLC now owns 3,613,795 shares of the game software company’s stock valued at $284,619,000 after acquiring an additional 164,030 shares during the last quarter. Norges Bank acquired a new position in shares of Electronic Arts during the 4th quarter valued at about $243,373,000. Wells Fargo & Company MN increased its holdings in shares of Electronic Arts by 72.9% during the 1st quarter. Wells Fargo & Company MN now owns 1,748,806 shares of the game software company’s stock valued at $177,732,000 after acquiring an additional 737,527 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its holdings in shares of Electronic Arts by 71.9% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 1,469,320 shares of the game software company’s stock valued at $149,328,000 after acquiring an additional 614,455 shares during the last quarter. 93.84% of the stock is owned by hedge funds and other institutional investors.

Electronic Arts Company Profile

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, Mass Effect, Need for Speed, The Sims, and Plants v.

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Earnings History and Estimates for Electronic Arts (NASDAQ:EA)

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